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Of course, that's because wind, solar and other inefficient forms of
power generation will never be "profitable" without the hand of the
federal government extracting money from the pockets of society's
productive members for redistribution to those sporting the trendy
"green" label - like BP, which in recent years rebranded itself as
"Beyond Petroleum." Mr. Obama's speech to the nation swept aside the
obvious objection that such subsidies might seem irresponsible in the
face of a $13.1 trillion national debt. "We can't afford not to," was
his response.
Mr. Obama's friends in Europe beg to differ.
The subsidy for solar panels is so generous that anyone installing one
could collect a check for 436 euros ($540) for each megawatt of power
returned to the electrical grid. Several solar farms sprang up as a
result, with some even caught cheating by using generators to make
"solar" energy at night.
Researchers at Universidad Rey Juan Carlos in Spain calculated that
these policies created green jobs at a cost of 500,000 to 1 million
euros ($619,425 to $1,238,850) each. Based on their experience, the
U.S. would lose about nine jobs for every four created in the renewable
sector because of the tax burden imposed on the rest of the economy. [full Monty]
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One thing I remember from 1984, everyone had an old broke dick solar panel from Jimmy Carter days on their roof. Obama is trying so hard to be jimma I'm suprised he didn't adopt a cretin brother.
ReplyDeleteHis other reason for the agenda was told as a lie(big surprise) in Tuesday's speech. "We are running out of places to drill." It has been spoken as truth by the left for so long, people believe it. Bovine Scatology. There are 1.238 trillion barrels of known oil reserves, or 1,238,000,000,000 barrels. And reserves have actually been growing, by 107.8 billion barrels since 2001, and 168.5 billion barrels over the last decade. This is easily verifiable, but the press won't reveal it. Is it any wonder the press is so vilified?
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