Free Republic
Browse · Search
Topics · Post Article

Skip to comments.

How Obama’s green energy policies are bad for the poor
Washington Examiner ^ | 10/02/2012 | Philip Klein

Posted on 10/02/2012 5:30:02 AM PDT by SeekAndFind

President Obama has made so-called “green energy” policies a key part of his economic agenda, but as a new book argues, they actually disproportionately hurt the poor by boosting the cost of energy.

Last week, Examiner columnist and Manhattan Institute fellow Diana Furchtgott-Roth, author of the new book “Regulating to Disaster: How Green Jobs Policies Are Damaging America’s Economy,” explained that:

Most people think green is good but pay little attention to associated increases in costs. In 2015, it will cost between $49 and $79 to generate one megawatt hour of electricity from natural gas. A megawatt hour from onshore wind will cost between $75 and $138, and from solar photovoltaic will cost between $242 and $455.

As her book demonstrates in this chart, rising costs of energy hit lower income Americans the hardest, because they spend a higher proportion of their incomes on energy:

Energy Costs as a Percentage of Income by Quintile, 2011

TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: energy; environmentalism; greenenergy

1 posted on 10/02/2012 5:30:08 AM PDT by SeekAndFind
[ Post Reply | Private Reply | View Replies]

To: SeekAndFind
It's simple.

Cheap energy = more jobs = widespread prosperity

Artificially expensive energy = fewer jobs = widespread poverty

2 posted on 10/02/2012 5:33:06 AM PDT by E. Pluribus Unum (Government is the religion of the psychopath.)
[ Post Reply | Private Reply | To 1 | View Replies]


3 posted on 10/02/2012 6:54:45 AM PDT by twistedwrench
[ Post Reply | Private Reply | To 1 | View Replies]

To: E. Pluribus Unum

“Artificially expensive energy = fewer jobs = widespread poverty”

And more government dependence...and isn’t that what’s always been the government’s goal?

4 posted on 10/02/2012 7:34:13 AM PDT by RWB Patriot ("My ability is a value that must be purchased and I don't recognize anyone's need as a claim on me.")
[ Post Reply | Private Reply | To 2 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794 is powered by software copyright 2000-2008 John Robinson