Wednesday, April 24, 2019

The Green New Deal Will Hit the Poor With Higher Energy Costs

"That's a goal you could only imagine possible if you have no idea how energy is produced," James Meigs, former editor of Popular Mechanics magazine, says in my latest video.

Because wind doesn't always blow and the sun doesn't always shine, "Renewable" energy requires many more transmission lines, and bigger batteries.

The ingredients of green energy, like battery packs, are far from green.

"Dig up 1,000 pounds of stuff to process it. Digging is done with oil, by big machines, so we're consuming energy to 'save' energy-not a good path to go."

Still, wind turbines and solar batteries are 10 times more efficient than when they were first introduced! That's not good enough, writes Mills, to make "The new energy economy" anything more than "Magical thinking."

There is one energy source that efficiently produces lots of power with no carbon emissions: nuclear.

If a Green New Deal is ever implemented, says Mills, it would rob the poor by raising energy costs, while "Giving money to wealthy people in the form of subsidies to buy $100,000 cars, to put expensive solar arrays on their roofs or to be investors in wind farms."

https://reason.com/2019/04/24/the-green-new-deal-will-hit-the-poor-with-higher-energy-costs/

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