Renewable energy is surpassing fossil fuels for the first time in new power-plant investments, shaking off setbacks from the financial crisis….
Electricity from the wind, sun, waves and biomass drew $187 billion last year compared with $157 billion for natural gas, oil and coal, according to calculations by Bloomberg New Energy Finance using the latest data. Accelerating installations of solar- and wind-power plants led to lower equipment prices, making clean energy more competitive with coal.
Not only is Obama throwing hundreds of billions of dollars away on fraudulent investments like Solyndra, but we are not investing in actual energy infrastructure which will be needed in a few years. Romm of course is ecstatic about this.
Obama is doing exactly what he promised – making electricity prices skyrocket.
President John F. Kennedy’s nephew, Robert Kennedy, Jr., netted a $1.4 billion bailout for his company, BrightSource, through a loan guarantee issued by a former employee-turned Department of Energy official.
The details of how BrightSource managed to land its ten-figure taxpayer bailout have yet to emerge fully. However, one clue might be found in the person of Sanjay Wagle.
Wagle was one of the principals in Kennedy’s firm who raised money for Barack Obama’s 2008 presidential campaign. When Obama won the White House, Wagle was installed at the Department of Energy (DOE), advising on energy grants.
http://biggovernment.com/whall/2011/11/16/robert-kennedy-jr-s-green-company-scored-1-4-billion-taxpayer-bailout/
Solyndra ‘Green’ Executives: $100,000+ In Obama Donations And 20+ White House Trips
http://sadhillnews.com/2011/09/08/solyndra-green-executives-100000-in-obama-donations-and-20-white-house-trips
Obama gives them our money…and they give it back as donations to his campaign
German consumers are saddled with over 20 billion Euros in renewable energy subsidy fees for photo-voltaic systems they have to pay with their electricity bills over the next 20 years. Main beneficiaries are home owners who put those installations on their roofs and yield a return of about 8% on their investment.
“my plan makes electricity rates necessarily skyrocket”
No one seems to bat an eye! These deceitful deceivers think they have the luxury to pursue their radical, criminal, environut agenda when the notion of a little warming (and obvious B.S. about sea level rising over FL etc) takes precedence over much more critical issues facing society. This comment from wes george http://joannenova.com.au/2011/11/ipcc-scientists-test-the-exit-doors (this link very good, with many intelligent, outstanding comments) makes the danger clear:
When the s**t hits the fan, and stuff like the above start to happen, that’s when people are going to go back, and retrace, and see the crimes that have been committed.
Energy sector jobs, real jobs, are being created without help from the feds:
http://online.wsj.com/article/SB10001424052970204190704577024510087261078.html
POTUS and his pals are economic nincompoops.
So-called renewables Having the most investment for a given period of time doesn’t prove much when the administration is obstructing domestic fossil fuel licensing, drilling, development, et al and futily pounding taxpayer money into “renewables”.
I’d rather be the eneterprise with the most return on investment.