Wind Power : Environmental Green Fraud

Wind power will never be a large factor in generating energy for the national grid, and now, in this decade, it is a total waste of scarce resources and a poor use of land area. This is the most outrageous waste of taxpayers money when it comes to "green energy", solar and Ethanol aren't far behind as well.

What green energy is in total, a tool for the eco-fascists environmentalists and their ilk in the progressive socialist Democrat party, to use as a club to beat the classes into making decisions about funding fossil fuel development nearly impossible. This will cost us all billions in waste and fraud that is the entire green energy industry.

Do you understand anything about "Fracking" for new sources of energy that is generating billions in new revenues? Understand, fracking is under attack from the environmentalist liberal left Democrats.

This is nothing but the politics of control. If someone is limited as to what they can build or where and how they can travel, they can be controlled as to who they are. Driving the price of energy up will force families to reallocated resources that they might have used to start business or move to other locations where the business climate is better suited to their particular needs.

Remember, Mr. Obama didn't find anything wrong with $6 dollar a gallon gasoline. I wonder how that will work out for the family budget or businesses?

The High Cost of Low-Value Wind Power
Source: Jonathan A. Lesser, "The High Cost of Low-Value Wind Power," Regulation Magazine, Spring 2013.

April 17, 2013

Subsidies for renewable energy distort markets and are economically inefficient, driving out legitimate competitors and leading to higher prices in the long run. Despite the evidence that shows the negative effects of renewable energy, there are still those that make an argument for it, says Jonathan A. Lesser, founder and president of Continental Economics Inc.

Consider arguments for subsidized renewable wind energy:

• Renewable generation simply needs more time to innovate and reduce its costs to be fully competitive with fossil generation.
• Conventional energy generation has been subsidized for over a century; therefore, renewable generation deserves subsidies as well.
• Economic salvation will come from a subsidized "green energy" path.
• Reduced emissions of air pollutants.
• Greater energy independence, reducing dependence on crude oil.
• Reduction in fossil fuel price volatility.

The reality counters the arguments for wind energy:

• Wind generation is inherently variable and intermittent.
• It produces electricity only when the wind blows.
• Wind generation is not available when it is needed.
• Pollutants are already regulated under the Clean Air Act.
• There is no consensus on the social cost of carbon emissions.
• Energy independence is not a social benefit.
• There is no evidence that wind generation reduces the U.S. demand for crude oil.
• Reduced fossil fuel price volatility is not a social benefit.
• There is no evidence that wind energy reduces price volatility.

Subsidized wind energy also requires additional back up generation, which creates additional costs. Wind generation's production pattern is not only volatile and unpredictable, it also has low economic value.

Subsidized wind energy distorts electricity markets by artificially lowering electricity prices in the short run and leads to higher prices in the long run.