American Elephants

When the Green Glasses are Off, The Green Subsidies Don’t Look So Good. by The Elephant's Child
August 20, 2011, 9:52 pm
Filed under: Democrat Corruption, Economy, Energy, Junk Science | Tags:

As Oz, the Great and Terrible said, when Dorothy and her friends the Scarecrow, and the Tin Woodman and the Cowardly Lion discovered the little man hiding behind the screen:

Just to amuse myself, and keep the good people busy, I ordered them to build this City and my palace; and they did it all willingly and well.  Then I thought, as the country was so green and beautiful, I would call it the Emerald City, and to make the name fit better I put green spectacles on all the people so that everything they saw was green.

“But isn’t everything here green?” asked Dorothy.

No more than in any other city, but when you wear green spectacles, why of course everything you see looks green to you. The Emerald City was built a great many years ago, for I was a  young man when the balloon brought me here, and I am a very old man now.  But my people have worn green glasses on their eyes so long that most of them think it really is an Emerald City, and it certainly is a beautiful place.

Well— easy come easy go. Here’s a roundup of current headlines:

In 2008, Reuters published a story that green power would be cost-competitive with fossil fuels in five years.  The CEO of Evergreen Solar said that “it’s not far away,” and on Monday, they filed for bankruptcy. Gov. Deval Patrick’s $58 million state subsidy — gone. The commonwealth subsidies weren’t enough, and the federal subsidies weren’t enough. The Obama administration’s Energy Department has become a huge energy venture capital firm, but the government is not a model investor.

The wind industry is in peril.  It cannot survive without mandates and taxpayer subsidies.  Local resistance is growing to the noise and ugliness of wind farms. A number of towns in New York state have prohibited the construction of industrial wind turbines. There are over 170 anti-wind energy groups in the U.S.

Yet the wind energy sector has had more federal subsidies than any other energy sector other than biofuels.  Wind energy has, according the Energy Information Administration, got a total of $4.986 billion in subsidies. That is nearly twice as much as the subsidy for oil and gas that President Obama complains about so regularly.  The wind industry cannot survive without mandates and taxpayer subsidies.

Pennsylvania is quietly eliminating programs created by previous administrations as it focuses on natural gas energy from booming Marcellus Shale. The state has shut down the State Department of Environmental Protection’s Office of Energy and Technology Deployment, and reassigned staff. It has also forbidden state executive agencies from signing contracts that support “clean energy supply.”

Governors and legislators in Connecticut, Colorado, Florida, Iowa, Kansas, Maine, Maryland, Michigan, Minnesota, Missouri, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oregon, Oklahoma and Wisconsin are voicing similar concerns according to Pew Research Center.

In Australia eleven convoys of truckers from different parts of Australia are converging on Canberra to protest the current government’s carbon taxes.  In Europe, countries are beginning to realize the enormous price they are paying to subsidize so-called clean energy.

The litany has always been that the need for “clean” energy is so desperate in the face of increasing carbon dioxide pollution in the atmosphere that any amount of government “investment” was necessary.”Whatever it costs” is no longer a viable approach.  A wealth of evidence has emerged revealing that “green” jobs are largely created at the expense of real jobs in the real economy, and we need sound money and realistic energy policy.  Real hydrocarbon energy projects, including offshore drilling, would generate $577 billion in direct investment and generate a $1.1 trillion increase in U.S. GDP.

In Britain, the director of the Renewable Energy Foundation says that the government’s plans to boost renewable energy projects will actually destroy up to 30,000 British jobs.  green subsidies will put people on the dole and lead to higher energy prices.  Every wind energy job in 2010 was subsidized to the tune of £54,000.

For those who are still worried about Carbon Dioxide pollution — here is a new paper from Professor William Happer, the Cyrus Fogg Brackett Professor of Physics at Princeton University. He is a member of the Global Warming Policy Foundation’s Academic Advisory Council — on “The Truth About Greenhouse Gases.” It is an excellent survey of the current knowledge about greenhouse gases, and well worth your time.

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