Exactly. Look at Europe, on the verge bankruptcy after spending bundles of money on heavily-subsidized green energy. So, when the Democrats passed their cap & trade bill in the House in 2009 that mandated insane 83% CO2 cuts by 2050, if the bill had made it to Obama, we wouldnt have seen wind and other fanciful green energies making up more than an iota of this lost energy. Our country, already in a fiscal mess, could not maintain such prodigal spending.Moreover, as far as the full cost to society of wind power, consider also the documented health problems and loss in property values in the vicinity of windmills. And the thousands of pretty little birds, and Bald Eagles, killed by these monsters. Wind power is truly a monstrous proposition.
Just wait until Texas Rate payers start seeing the PUCT approved CREZ line adder on their monthly electric Bills.
CREZ is the new transmission lines being built from where they think new wind generators will be built to load centers.
I’ve been arguing that if all these massive wind blades could be retooled and retrofitted on Ben Bernanke’s army of helicopters, then QE4 watch out.
Let the market deside! Wind turbines are a looser.