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De Omnibus Dubitandum - Lux Veritas

Monday, July 15, 2013

End subsidies for wind power? Yes - Consumers, taxpayers will reap a windfall

Jul. 11, 2013
“The thing about money is that when you have it you don’t need it and when you need it you don’t have it,” my grandfather used to tell me. He could have said the same thing about wind power. It’s most abundant when demand for energy is lowest and least abundant when demand is highest. No amount of subsidy, no amount of federal or state regulation can change this simple fact.
Because of this, wind power can never live up to its advocates’ promises.
They would have us believe that subsidizing wind energy can improve U.S. energy security. But since wind turbines can’t be strapped to the top of your car, it isn’t clear how.
Most of America’s electrical power is produced from domestic energy sources, with coal, natural gas and hydroelectric accounting for 75 percent of our total power generation. The United States is either self-sufficient or soon will be in all of them.
Nuclear power, which provides 19 percent of our power, is the only major electric power source in which the United States isn’t self-sufficient. But with 40 percent of the world’s recoverable reserves of uranium held by longstanding allies Canada and Australia, we don’t need to be….To Read More….

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