WIND and SOLAR is a GIGANTIC INDUSTRY
AT LEAST $100 BILLION is ENTIRELY WASTED EACH YEAR ON SUBSIDIES, OVERPRICED ELECTRICITY and DUMB ENERGY PROJECTS.
The INDUSTRY is a PARASITE SUCKING LIFE from the ECONOMY.
The waste will become much worse if states continue to pursue “renewable portfolio” goals for wind and solar electricity.
Many people and organizations have a stake in supporting the industry.
Advice and intellectual support is provided by consulting firms and academic experts that are in on the RACKET.
The mass media largely has no understanding of the real economics and thus act as dumb conduits for industry propaganda.
The utilities are only TOO HAPPY to build dumb energy projects as long as their electricity customers are MANDATED to pay for them.
Non-profit environmental organizations, always on the lookout for a new crisis to excite their patrons, embrace dumb energy for its phony environmental benefits.
Consulting and media firms such as Lazard renewable energy, Bloomberg New Energy Finance (BNEF), Greentech Media, and many others make their living by promoting renewable energy.
The same applies to the employees of the federal National Renewable Energy Laboratory and various academic organizations.
As a consequence, these organizations and their employees consistently present a biased view of the economic and environmental benefits of renewable energy.
Renewable energy is promoted by important non-profits like the Sierra Club and Greenpeace.
Renewable energy skeptics are represented by individuals, or non-profit think tanks, like the Heartland Institute, The Institute for Energy Research and the CO2 Coalition.
The promoters vastly OUTGUN the SKEPTICS as BILLION$ are spent each year on renewable energy.
The Sierra Club alone has a budget exceeding $100 million as well as more than a million members.
Lazard, for example, publishes a widely referenced LEVEL-ized cost of energy analysis that purports to demonstrate the competitiveness of wind and solar.
The analysis neglects the very important subsidy of tax equity financing and neglects the subsidy effect of renewable portfolio standards.
Lazard’s analysis also makes the ELEMENTARY ERROR of IGNORING the effect of the ERRATIC nature of wind and solar.
UTILITIES LOVE to BUILD DUMB ENERGY PLANTS
If the state public utility commission approves a renewable energy plant it does not matter IF THE COST of the RENEWABLE ELECTRICITY is 5-TIMES GREATER THAN USING EXISTING PLANTS.
As long as the public utility commission approves, the cost of the plant is passed to electricity consumers and the utility makes additional profit.