President Obama is burning his so-called bridges to a “green energy” future that will leave America’s families and industries powerlessly impoverished.
Any notions that generously subsidized solar and wind will significantly compensate capacity losses from shuttered coal plants and overregulated oil and natural gas suppliers are scientifically and economically delusional.
And as for any prospects that truly clean non-fossil nuclear or hydropower can make up the slack, forget about that too.
Let’s start with some simple arithmetic. If you have heard some really exciting news that the Obama Administration has already doubled the amount of total U.S. energy derived from “renewable alternative” sources (solar, wind, and biofuels), that would be true.
Thanks largely to $150 billion in generous federal subsidies, combined total renewables (not including hydropower) grew from supplying slightly more than 2% of our “primary fuel” (including electricity) to a whopping 4% today.
Meanwhile over the same period, the total increase of non-subsidized oil and gas also doubled, but added eight times more energy than the total growth of wind, solar, and biofuels combined. Oil and gas now supply about 63% of all U.S. primary fuel. Coal provides another 19%.
No comments:
Post a Comment