Thursday, March 5, 2020

The Collapse of Intellectual Standards in Science

By Norman Rogers March 4, 2020

Each year approximately $25 billion dollars is wasted paying for so-called renewable energy, overwhelmingly wind and solar. This is the excess cost of the renewable energy versus what it would cost to generate the same amount of electricity in existing fossil fuel plants. Because many states have accelerating legal quotas for renewable energy, called renewable portfolio laws, the money wasted each year will approximately double in the next 10-years to $50 billion each year. If the states fail to come to their senses and continue to pursue these laws, another doubling by 2040 to $100 billion per year is likely. In the state of Nevada, for example, the increasing cost of electricity will likely be equivalent to a 4% state income tax by 2030.

The renewable energy industry has powerful sources of support for its program to make money by fooling the public. There are many effective lies, repeated over and over. Long term contracts for wind or solar electricity at $25 or $30 per megawatt hour are touted as proving that renewable electricity is replacing “more expensive” fossil fuel electricity. A close examination of the cost of renewable electricity, either wind or solar, shows that the real cost of this electricity is not $25 per megawatt hour, but around $80 per megawatt hour. The difference is the federal and state subsidies. A good chunk of those federal subsidies are set to go away by 2022........To Read More.....
 

 

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