American taxpayers spend an average of $39 billion a year financially supporting solar energy, according to a 2015 report by the Taxpayer Protection Alliance.
The same report shows President Barack Obama’s 2009 stimulus package contained $51 billion in spending for green energy projects, including funding for failed solar energy companies such as Solyndra and Abound Solar.
Yet “increasing reliance on natural gas displaces the market for clean energy,” reads Sierra Club’s website. This concern notably did not impact the Sierra Club when it took $26 million from natural gas interests to oppose coal power.
Natural gas electricity, in particular, is so cheap that natural gas is already passing coal power as the most used source of electricity.
Projections from the International Energy Association (IEA) estimate that developing wind and solar power to substantially impact global warming could cost up to $16.5 trillion between now and 2030. To put such numbers in perspective, the U.S. government is just under $19 trillion in debt and only produced $17.4 trillion in gross domestic product in 2014.Developing wind and solar power to substantially impact global warming could cost up to $16.5 trillion. Click To Tweet
But the collapse of energy prices is undermining the policy and shifting still further into the future the mirage of competitive renewable energy. The disappointment of this to green advocates is a position shared by IEA chief Fatih Birol, who regrettably said, “all the strong renewables and energy efficiency policies therefore may be undermined with the low fossil fuel prices.” Why do we finance such harmful bodies?
Moreover, aside from the innovation-driven cost reductions in fossil fuels, Japan has quietly moved to avert a self-enforced energy starvation by approving new coal fired power stations – 50 of them. These developments make it most unlikely that Japan can meet the obligations it made in December. As it did with Kyoto, Japan will readily welsh on an agreement once it realizes that its costs are too great.
Much of the world has reduced tax subsidies for alternative energy such as wind and solar. Australia, Great Britain, and Japan are leading the rush out of the theater. Those remaining, notably the U.S., are still watching the show with blinders on and telling themselves what a good show they are viewing. The price of the ticket is no longer free or subsidized. The cost of doing alt-en business has increased inversely with the decline in hydrocarbon prices.
You made $1,200 last year in reduced gas prices. You will make more in 2016. How do you feel? What did you do with the extra cash?You made $1,200 last year in reduced gas prices. You will make more in 2016. How do you feel? Click To Tweet
Now look at your utility bill. Has it gone up?
Do not attack the utility company. They are simply passing on the cost of business to you the consumer. While natural gas and gasoline have dropped by two-thirds in 2015, their cost of production from wind and solar has increased. They HAVE NO CHOICE. They must include these alternative energy sources. But they have to pass on the added costs to you, the sucker at the end of the table.
Why? Ask your friends in the environmental movement – or should we call it the environmental religion? You must pay for your carbon sins. You must subsidize or die!Natural gas is so cheap that it's already passing coal power as the most used source of electricity. Click To Tweet