The leftist Luddites and Malthusians for years have cried that traditional energy has gotten most of the federal support in the form of subsidies and tax breaks.
Well, it just isn’t true.
For the graph people……
But, that’s not even the whole story. Not even close. Now, readers familiar with the climate wars already know this, but for the uninitiated, the billions of dollars spent on the renewables, comes to well, here….
It comes to 4.1% of our net generation. I’m not counting hydro because it is discouraged by the lunatics, even though it is often the cheapest forms of electric generation. Look at solar! It doesn’t generate squat! Now look back up to the subsidy chart! We get this….
. Initially, Cape Wind announced it had a deal to sell half the electricity to National Grid for a price beginning at 20.7 cents per kilowatt-hour, approaching double the national average retail rate. Massachusetts state regulators turned that down, but in November 2010, the state accepted a contract with National Grid at a price beginning at 18.7 cents a kilowatt-hour.
I’m glad they’re friends of the earth or something, they sure aren’t any friends of the electric consumer….. that would be the rest of us. BTW, the average rate in the U.S. is about 11-12 cents kWh.
Note! Before some numbnut jumps up and blathers about oil, first of all, it isn’t has heavily subsidized as renewables and secondly, and most importantly, it is a stupid comparison. Petroleum products producing electricity in the U.S. is almost non-existent.
Adopting renewable energy is about as smart as bailing banks out and then demanding that they make more bad loans.