[ exact phrase in "" ]

[ Google-powered ]


News Home

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Selected Documents

All Documents

Research Links


Press Releases


Publications & Products

Photos & Graphics


Allied Groups

The wind ruse: A failed policy  

Credit:  Pittsburgh Tribune-Review | Sunday, July 26, 2015 | trib.live.com ~~

Two studies spotlight how the Obama administration’s political drive to make economic winners of “green” ventures with public subsidies is creating bubbles, obscuring true costs and threatening taxpayers.

A Taxpayers Protection Alliance study finds that subsidies have so distorted the solar-energy market as to create “an artificial demand,” reports The Washington Times. And that will lead financial institutions to further inflate “a ‘bubble’ that will burst when federal and state backing begins to dry up.”

Noting the Solyndra debacle that cost taxpayers $530 million, the study warns that government, unwilling to let the industry sink, might decide to use taxpayer money to keep it afloat when this bubble bursts.

A report from Utah State University’s Institute of Political Economy says when subsidies, infrastructure and other factors are taken into account, generating wind power costs about 48 percent more than its advocates claim.

The American Wind Energy Association responds by attacking the institute’s funding by the conservative Koch brothers and saying the report omits subsidies for other energy sources, such as natural gas.

But wind and solar, unlike natural gas, can’t compete successfully on their own merits. They rely on government intervention to artificially prop up markets.

When Washington engages in picking winners, taxpayers and the economy become losers.

Source:  Pittsburgh Tribune-Review | Sunday, July 26, 2015 | trib.live.com

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

Wind Watch relies entirely
on User contributions


« Later PostNews Watch HomeEarlier Post »

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook


© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.
Formerly at windwatch.org.

Follow Wind Watch on Twitter

Wind Watch on Facebook