Posted on 12/22/2009 5:09:14 PM PST by Kaslin
Energy: Earlier this year, Congress approved a scheme to pour $80 billion — on top of the tens of billions already spent — into renewables. A government report released last week indicates the money will be wasted.
Renewable energy is the shiny gem that everyone wants but no one can have. Not even a president. Campaigning last year in Lansing, Mich., President Barack Obama said that it was his goal for the U.S. to generate 10% of its electric power from renewable sources by 2012 and 25% by 2025. But he cannot, by the force of will or executive order, change the laws of physics and economics.
America has long relied on fossil fuels to power its economy. Oil, natural gas and coal provide about 84% of the nation's energy.
And for good reason. They are plentiful and typically easy to retrieve, and, consequently, cheap.
At the other end of the spectrum are renewable sources such as solar, wind, biomass and geothermal. They supply only about 4% of our energy, the remainder coming from hydro and nuclear power.
An axis of environmentalists and Democrats want to change this ratio, because, according to the usual complaint, we depend too heavily on the fossil fuels that emit carbon dioxide.
(Excerpt) Read more at investors.com ...
Finally someone speaks the truth! They might as well invest in magic carpets as in biofuels, wind, and all that other nonsense.
If something is economically feasible to produce, then that’s dandy. Anything that has to be subsidized by government is a waste of resources.
Probably the latter because of the affordability and convenience of use.
the electric car is coming
Look busy.
the electric car,
cuts the ragheads out of the deal
Renewables are the modern era's philosopher's stone: an article of faith to the gullible, a convenient con for the artful who prey on them and a useful distraction for politicians who reliable on the cluelessness of the press and the voters. (Mark Twain: If you don't read the papers, you're uninformed, if you read them, you're misinformed.)
Nuclear
Also, as Dubai has learned the plenitude of oil can decrease with the exploitation of the resource. Future generations migh curse us for failure to adopt alternatives, i.e. nuclear, and lessen our profligate use of a valuable and finite, if large resource.
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