Posted on 06/07/2012 10:42:27 AM PDT by DTogo
Karl Rove threw his support behind renewing wind energy tax credits during an appearance at the annual Windpower 2012 conference in Atlanta. Rove called the renewal of the renewable energy Production Tax Credit (PTC) a "priority."
(Excerpt) Read more at leanforward.msnbc.msn.com ...
Rove thinks government should be in the energy busienss?
“...yes, there are conservatives in the wind industry...”
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Insulting juvenile propaganda.
Conservatives will be in any “industry” that is sensible, superior to other alternatives, and does not involve government coercion and theft to make it profitable.
And this is why the left hates it when Conservatives get involved in ANYTHING the left is related to. They know that Conservatives will co-opt whatever it is by injecting rational though and steer it away from a big government/freedom stifling solution.
Not one of the questions asked.
Of course. So the well connected big-wigs can keep lining their pockets with tax-payer money. T Boone Pickin$ for one.
That about sums it up.
That’s because rove isn’t a conservative.
Yes there are conservatives in the energy business but no conservative worth his salt believes that federal subsidies makes for a good alternative to proven business principles.
Twisted New World. huh?
Of course rove supports wind... it will not work today, it has not worked in the past and it will never work... therefore romney and rove love the crap!
LLS
If you’re for removing ALL federal tax incentives in EVERY energy-producing industry, at least you’re consistent.
Sad how many FReepers go full democrat in a desperate attempt to pretend socialist republicans are conservative.
The answer, my friend, ain't blowing' in the wind
Following the revelation that we’re all paying a secret stealth tax to subsidise so-called renewable energy sources, it seems like a good time to check out exactly what we are getting for our money.
At midday yesterday, wind power was contributing just 2.2 per cent of all the electricity in the National Grid. You might think that’s a pretty poor return on the billions of pounds spent already on Britain’s standing army of windmills.
But it’s actually a significant improvement on the last time I checked the wholesale electricity industry’s official website. At the turn of the year, the figure was 1.6 per cent. During the cold snap the turbines had to be heated to stop them freezing and were actually consuming more electricity than they generated.
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The REAL reason fuel bills are going through the roof? Crackpot green taxes you're never even told about
Scottish Power has understandably provoked howls of protests after announcing plans to raise its gas price by a thumping 19 per cent and its electricity tariffs by an inflation-busting 10 per cent.
And over the next few days and weeks, I am sure its main competitors will announce similar price hikes — leaving Britain's unhappy householders facing annual power bills some £200 higher than they were a year ago.
Of course, the power companies will offer the normal excuses. Media-trained chief executives will point to increases in wholesale power prices, which have gone up by about 25 per cent since last winter.
And no doubt one or two will blame increased demand from Japan in the wake of the earthquake and tsunami last March.
But none of them, I'll wager, will mention one of the biggest reasons why our power bills only ever seem to be heading up and up and why — regardless of what's happening in the wholesale energy market — they could easily have doubled by 2020.
Spurred by the Government's stubborn but wrong-headed commitment to renewable energy, so-called green stealth taxes are already adding 15-20 per cent to the average domestic power bill and even more to business users.
And yet, despite the growing cost of these taxes, you won't find any mention of them at all on your gas and electricity bills.
That, of course, suits the Government down to the ground. If it raised the huge sums required to encourage renewable energy and limit carbon emissions through general taxation it would make the Government itself very unpopular.
But by doing it through electricity and gas bills, the Government has cleverly ensured that it's the power companies that take the blame.
The fact that these taxes currently don't even appear on our gas and electricity bills makes it even easier for the Government to get away with this cunning sleight of fiscal hand.
So, what should be appearing on our power bills? First is the so-called Renewables Obligation, which currently requires power companies to buy 11 per cent of their power from renewable resources.
The problem is that renewable energy — most of which comes from on- and off-shore wind farms, solar panels and biomass plants (power stations fuelled by wood chippings and agricultural matter) — is between three and five times more expensive than power from conventional sources such as coal or gas.
So by obliging power companies to buy this more expensive renewable energy — and latest estimate suggests off-shore wind-farms could be up to ten times more expensive — the Renewables Obligation already starts to inflate our power bills.
Rove is nothing but a liberal republican prostitute.
So the ~40GW of US wind farms producing electricity simply aren't working... and that's why major utilities, investors, and lenders keep financing them?
Therre are some special places where wind energy will work, and will pay its way, with no subsidy needed.
Otherwise, if an energy source needs a subsidy, that itself is a demonstration that it cannot make it on its own, and that its time has not come.
The politics of green energy is rather looney. For example, some years ago there were tax subsidies for installation of solar panels. However, the subsidies were not allowed for heating swimming pools by solar means. Now, what is one of the most practical uses of solar heating? You guessed it: heating large masses of water, which hold the heat efficiently, storing it even through cool days. But no subsidies for something that works; only subsidy for things which can’t pay. Thus the federal program was selectively supporting the inefficient process over the one which actually worked. I guess that this is government”s way.
Here in Michigan, we had a company that spent a decade planning to build a coal fired plant while jumping through all the state and federal hoops only to be denied due to a lack of demand. Not two weeks later a wind farm was approved in the same area despite the lack of demand.
My electric company recently got approval to raise rates to make up for “losses” resulting from falling demand. Apparently stock holders are no longer expected to take a hit for the risk they themselves assumed. Meanwhile they’re building a wind farm.
I don’t know what happened to the rules of supply and demand but we sure as hell don’t have a capitalistic society any more.
Mitt will be both for it and against it.
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