Pitfalls of Subsidized Energy

Campus Report ^ | April 1, 2009 | Alanna Hultz

[bs9021]

Pitfalls of Subsidized Energy

by: Alanna Hultz, April 01, 2009

At the Heritage Foundation recently, Marlo Lewis, Senior Fellow, Competitive Enterprise Institute, Doug Koplow, Founder, Earth Track, Ben Lieberman, Senior Policy Analyst, Energy and Environment at the Heritage Foundation and Peter Bradford, Vermont Law School, discussed the role of subsidies in energy policy and answered the question, is subsidizing commercial energy projects the best way for America to achieve it’s energy goals?

Lewis was the first speaker and he said “the leading sales pitch to get government support on energy-subsidizing projects is, if we have a green new deal we will have millions of green jobs.” He also said the leading public claim on energy-subsidizing projects is that they will rescue the U.S. economy. He believes there are some red flags to the green New Deal and said, “sources such as solar energy and wind, provide only two percent of electricity and that was the case when the economy was booming.” He said that “it does not make sense to say these energy sources could be the source of recovery for the economy.” Lewis also stated some and said that “studies provide no clear definition of what a green job is.” He also said, “the green jobs literature is bias against productivity.” An example he gave of the literature being biased against productivity is wind being a better source of energy than coal. Lewis said that “wind employs more people, which means wind is less productive and the economy is less productive.”...

[GeronL]

when the skyrocketing prices in gasoline, electricity and food hit the Obama govt will begin offering vouchers for the poorer Americans to pay these bills. The middle class will get smaller and smaller.

the middle class is the GOP base.

[qam1]

sources such as solar energy and wind, provide only two percent of electricity and that was the case when the economy was booming.”

And that's not even correct. Solar and Wind combined don't even make up 1% of our electrical generation. Actual(0.8%)

No matter how many billions spent, you just can't get past the Law of Conservation of Energy, but when have Libtards ever let science get in the way of a good fatansy