Wind Energy Subsidies Must Die


By watching the “mainstream” media, you could get the impression that the crucial issue of the day is whether the government will be able to raise taxes high enough fast enough to avoid disaster. In reality, Big Government already has too much money if it has even a penny to waste on moonbat insanity like wind energy subsidies:

Since 1992, the federal government has expended almost $24 billion to encourage investment in wind power through direct spending, tax breaks, R&D, loan guarantees and other federal support of electric power. The Joint Committee on Taxation estimates that a one-year extension of existing federal subsidies for wind power would cost taxpayers almost $12 billion.

The costs of wind subsidies are extraordinarily high–$52.48 per one million watt hours generated, according to the U.S. Energy Information Administration. … Many states provide additional tax breaks, subsidies and mandates for wind power.

It isn’t that taxpayers get nothing for our money; we get less than nothing.

Subsidized, wind-generated electricity is displacing other, much cheaper sources of power. The subsidies are so high that wind-power producers can pay utilities to take the electricity they produce and still make a profit. … Donna Nelson, the chairman of the Texas Public Utility Commission, warned in September that the market distortion caused by negative prices “makes it difficult for other generation types to recover their cost and discourages investment in new generation.”

The toll this takes on the economy is especially tragic when you consider the potential of natural gas. Due to abundant supply, the price of this clean but politically incorrect energy source has fallen by 75% in the last four years.

If unimpeded, the expanded use of cheap natural gas to generate electricity will raise living standards and attract millions of new industrial jobs back to our shores. A vote to stop wind subsidies from being extended is, therefore, a vote for cheaper, more reliable power, higher living standards, reindustrialization and fiscal sanity.

From the Democrat perspective, this would make Americans less dependent on our oligarchical collectivist overlords. That’s why wind subsidies won’t end any time soon.

wind energy fail
Wind energy: epic fail.

On a tip from Varla. Cross-posted at Moonbattery.

Related Articles

851

Obama, the anti-Churchill

Today the New York Post noted that President Obama did not use the word “win” or “victory” in his rather

5

Obama to Waste More Growing Welfare in a Year Than Bush Spent on Entire Iraq War

When liberals whine that the war to liberate Iraq cost too much, they make an argument that would be reasonable

1

Jeb Bush Sides With Obama Again, Says Prez Deserves His DOJ Nomination Confirmed

During an event in New Hampshire, Jeb Bush announced his support of Barack Obama’s DOJ nomination and said the president

comments

Share This

Share this post with your friends!