Another Boondoggle 'in the making- The Wind Subsidy Bubble

Discussion in 'Energy' started by Trajan, Dec 20, 2010.

  1. Trajan
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    Trajan conscientia mille testes

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    Another 3 Billion? After they airdropped 30 Billion int0 the Green sector in 2 years?

    Congress- Why yes lets cut spending.

    Ready?
    no, not that...uhm, no,...sorry nope....uhm..maybe, nope, not that...:rolleyes:


    The Ethanol re-subsidization which received another 6 Billion injection is a Boehner target, ( we'll see, I am doubtful) this Wind subsidy needs to go too, the gov. is as just usual distorting the market and blowing more money through a spigot for an 'idea' and platform that doesn't stand a chance in the marketplace.

    Its not a conspiracy folks, its life. The Fossil fuel run has a long road ahead of it.


    * DECEMBER 20, 2010

    The Wind Subsidy Bubble
    Green pork should be a GOP budget target.

    snip-

    Despite more than $30 billion in subsidies for "clean energy" in the 2009 stimulus bill, Big Wind still can't make it in the marketplace.

    Denise Bode, CEO of the American Wind Energy Association, had warned that without last week's extension of the federal 1603 investment credit, the outlook for the wind industry would be "flatline or down."

    Some 20,000 wind energy jobs, about one-quarter of the industry's total, could have been lost, the wind lobby concedes. For most industries that would be an admission of failure, but in Washington this kind of forecast is used to justify more subsidies.

    But what have these subsidies bought taxpayers? According to AWEA, in the first half of 2010 wind power installations "dropped by 57% and 71% from 2008 and 2009 levels." In the third quarter, the industry says it "added just 395 megawatts (MW) of wind-powered electric generating capacity," making it the lowest quarter since 2007. New wind installations are down 72% from last year to their lowest level since 2006. And this is supposed to be the miracle electricity source of the future?

    The coal industry, which Mr. Obama's Environmental Protection Agency and Interior Department have done everything possible to curtail, added almost three times more to the nation's electric power capacity in the first nine months of 2010 (39%) than did wind (14%), according to the U.S. Energy Information Administration.

    The grant program that Congress has extended was created in the 2008 stimulus bill. It forces taxpayers to pay 30% of a renewable energy project's costs. Big Wind insisted on these grants because wind energy producers don't make enough net income to take advantage of the generous renewable energy tax credit.

    The industry also wants a federal renewable energy standard, which would require utilities to buy power from green energy projects regardless of price. Without that additional subsidy, AWEA concedes that wind power will "stall out." It is lobbying for billions of dollars of subsidies to cover the cost of hooking off-shore wind projects to the electricity transmission grid. And now that the cap-and-tax scheme on coal and oil and gas has failed in Congress, the windmillers want the EPA to use regulation to raise costs on carbon sources of power.

    snip

    According to an analysis by Chris Horner, an energy expert at the Competitive Enterprise Institute, the stimulus bill's subsidies for renewable energy cost taxpayers about $475,000 for every job generated. That's at least four times what it costs a nonsubsidized private firm to create a job—a lousy return on investment even for government.

    The wind industry claims to employ 85,000 Americans. That's almost certainly an exaggeration, but if it is true it compares with roughly 140,000 miners and others directly employed by the coal industry. Wind accounts for a little more than 1% of electricity generation and coal almost 50%. So it takes at least 25 times more workers to produce a kilowatt of electricity from wind as from coal.

    more at-

    Review & Outlook: The Wind Subsidy Bubble - WSJ.com
     
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    Last edited: Dec 20, 2010
  2. Skull Pilot
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    Skull Pilot Platinum Member

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    Wind power blows.

    Robert Bryce: A Wind Power Boonedoggle - WSJ.com


     
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  3. Old Rocks
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    Old Rocks Diamond Member

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    If and when they cut the oil and coal subsidies, then you have a point. Until then, you are simply acting as shills for the present energy companies.
     
  4. Mr. H.
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    Mr. H. Diamond Member

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  5. Skull Pilot
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    Skull Pilot Platinum Member

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    Wind isn't profitable even with subsidies.
     
  6. Mr. H.
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    Mr. H. Diamond Member

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    This is too good.

    O.R. - speaking of "shills"... if you search the IPAA archives you'll find, in her own words, Denise Bode's analysis of oil "subsidies" and her defense of them.

    I served under her as an executive director in that organization. She's a great gal and good at what she does, but it's obvious that Denise is on the Green Paycheck bandwagon. :lol:
     
  7. zzzz
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    zzzz Just a regular American

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    Letters to the Editor: The Facts About Subsidies for Oil - WSJ.com
     
  8. editec
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    editec Mr. Forgot-it-All

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    If the government was truly concerned with fixing the economy?

    Every American citizen could borrow money directly from the FED at the same rate as any bank.

    Of course the insiders will always find the money they need to either do something real or just to make money while they're wasting ours doing things that won't work.

    That is the nature of the SYSTEM, folks.

    A system designed to create wealth for a few and poverty for the rest.
     
  9. Douger
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    Douger BANNED

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    Why does everything have to be profitable ?
    How about break even for a govt project and small profit for a private company ?

    The Jew street journal guys don't like it because theya is maww pwoffit in carbon based energy. It's not that it's not profitable, it's not profitable enough to satisfy the greedy motherfuckers.

    Down my way there are many, many big BIG wind and geo-thermal projects going on but the greed is missing.
    One German outfit is doing huge projects in Nicaragua, Costa Rica and Brazil.
    I guess they're just stupid.

    How do you say boondoggle in Yiddish ?
     
  10. Skull Pilot
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    Skull Pilot Platinum Member

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    Any project run by the government never breaks even.

    The post office loses money, large scale construction projects are rife with graft and corruption and shoddy work (just ask the woman who was killed when a tunnel of the big dig collapsed on her)

    And if you think that German outfit is not making a profit then you are stupid.
     

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