Investment in wind and solar a flop

Forbes:
...
The Manhattan project produced the bomb; the Apollo program put men on the moon; the Hoover Dam tamed the Colorado and let a desert bloom; the interstate highway system unleashed America’s mobility. What is there to show for the decades of effort, and trillions of dollars spent, trying to make “renewables” a major part of the nation’s energy portfolio?

Last year, two tirelessly-touted workhorses of the “renewables revolution,” wind and solar, combined generated roughly 2.2% of America’s electricity. Wind accounted for just over 1.6% of that share—and solar just 0.6%. And the tiny share of power they did produce was unreliable, impractical and still not really “cost competitive” if you subtract the direct and indirect subsidies, coming from all levels of government, that keep this teetering house of cards from falling over.
...
There is much more.

In their current form these programs are too inefficient and unreliable.  They also cost too much and deliver too little.  The carbon phobic are going to have to come up with something better if they really plan to replace fossil fuels.  They have thrown a lot of dollars at these programs and hired a lot of people to produce very little energy.  Some reports suggest that there are more people working on solar projects than in the coal industry which supplies half of US electrical needs.  It is hard to imagine a less efficient use of resources.

Comments

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

29 % of companies say they are unlikely to keep insurance after Obamacare

Bin Laden's concern about Zarqawi's remains