Wednesday, October 11, 2017

Renewable Energy as a Scam?

"Report: Renewable Energy Is Bigger ‘Scam’ than Bernie Madoff and Enron" Breitbart
Based on production (subsidies per kWh of electricity produced), however, solar energy “has gotten over ten times the subsidies of all other forms of energy sources combined, including wind,” writes energy expert and planetary geologist Dr. James Conca. 
During the Obama years from 2010 through 2013, federal renewable energy subsidies increased by 54 percent—from $8.6 billion to $13.2 billion—despite the fact that totalfederal energy subsidies declined by 23 percent during the same period, from $38 billion to $29 billion. 
One of the more pernicious side-effects of the enormous government subsidies for renewable energy, Conca found, is that they actually increase the cost of energy. This cost, however, is transferred from the energy consumer to the taxpayer, “and so goes unnoticed by most Americans,” he stated.

So, in addition to the science of climate change being questioned by a wide range of credible climate scientists, we find it is also a financial scam that is transferring wealth from the general population to the favored institutions and corporations. 

2 comments:

  1. Yes, the taxpayer pays the government. The government gives subsidies to selected power companies which makes the difference payed by the consumer closer to other types of energy. Actually that subsidized commodity costs more. I believe the subsidy for Ethanol is somewhere near 59 cents per gallon. That brings the price down to what normal gas is. But, we the people pay that subsidy.

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