Take A Look At What Our Nation's Current Energy Policy Will Bring

Over the past number of years Spain, Germany and Australia have aggressively pursued alternative energy sources.  To eliminate consumption of fossil fuels their focus has been on wind and solar sources as the alternative.  Not only have their results been very unsatisfactory they have also significantly increased the cost for energy consumers.  Here are a few tidbits noted in the linked article. 

"Spain is regretting its green energy adventure, restructuring generous subsidies which …have been wildly successful at encouraging solar and wind farm construction. They have utterly failed, though, to help build profitable industries"  In addition to direct energy costs to consumers are the taxes they must pay to provide necessary subsidies to keep those failing industries afloat. 

How about Germany?  "...the giant German engineering firm Siemens shuttered its solar division after hemorrhaging more than a billion dollars in just two years. … [Two] of the country’s biggest solar firms, Conenergy and Gehrlicher Solar, both filed for insolvency last week. Another engineering titan, Bosch, has also decided to get out of the solar market."

And Australia?  "Australian Prime Minister Kevin Rudd said that the country would scrap its carbon tax, which is the highest in the world, and move to an emissions trading system which is expected to lower the price of emitting carbon dioxide."

Based on the Obama "administration’s history of antipathy to all fossil fuels, its use of the EPA to quash energy production, and its commitment to vastly expanding our nation’s reliance on renewable energy, [Obama's] recent natural gas concessions could prove to be a temporary political move. If that proves to be the case, the German companies that are moving to America to escape Merkel’s unsustainable “renewable revolution” could find themselves facing the same predicament down the road here."

"As a point of reference, note that the Obama Administration recently changed the “Social Cost of Carbon” (SCC), an imputed value used to signify the total societal cost of carbon in its cost-benefit analyses, from $23.80 to $38.00 per ton.  Consider these experiences in Spain, Germany and Australia, and then ask yourself why any thinking person would embark down that same road."  Indeed!!!

http://www.redstate.com/2013/07/18/sprechen-sie-green-energy-no-mas/

George Burns