Monday, March 23, 2015

Save the World with Fossil Fuels

"Wind power, for all the public money spent on its expansion, has inched up to—wait for it—1% of world energy consumption in 2013. Solar, for all the hype, has not even managed that: If we round to the nearest whole number, it accounts for 0% of world energy consumption.
"Both wind and solar are entirely reliant on subsidies for such economic viability as they have. World-wide, the subsidies given to renewable energy currently amount to roughly $10 per gigajoule: These sums are paid by consumers to producers, so they tend to go from the poor to the rich, often to landowners (I am a landowner and can testify that I receive and refuse many offers of risk-free wind and solar subsidies)."

Only nations and people who are wealthy will be able to buy the best technologies, when they evolve, and will thus be able to afford to replace hydrocarbons.  Get rich and stay rich if you want to "save the planet".

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