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How Warren Buffett Milks Consumers & Taxpayers Through Wind Energy
NLPC ^ | 05/21/2014 | Fred N. Sauer

Posted on 05/28/2014 10:45:21 AM PDT by george76

wind energy is highly inefficient and requires additional transmission lines and back-up gas generators when the wind doesn't blow. Yet, windmills keep getting built, thanks to government subsidies.

But it is very hard to trace these subsidies. Vague statements about "tax credits" and "mandates" give no hint of the magnitude of returns that these subsidies provide to crony windmillers. Indeed, in the Carnahan Special Report, we had to burrow into financial statements of a foreign company and its subsidiary to understand where all the money was going. The principal information was buried in an arcane note to these financial statements.

...

for wind power users there is a fatal flaw. The wind hardly ever blows enough to achieve anything like 100% efficiency. We know that "for the 12 months through 2014, the electricity produced from wind power in the United States amounted to 171.02 terawatt hours."

Using this data we can calculate the overall efficiency rate: (171.020 / 535.306) = 31.9%. We will round this to 32% for the interpolated overall efficiency in the United States

...

After a complicated struggle to extract enough data out of the obfuscated reporting of Berkshire Hathaway 2013 Annual Report, we can project data that is a probable or estimated summary of how Berkshire, Warren Buffett, and its other shareholders could make an enormous amount of money on green wind energy, $1,574,000,000 tax-free.

...

1 kilowatt of windmill electricity produces 57x the profit of 1 kilowatt of hydrocarbon fuel electricity.

(Excerpt) Read more at nlpc.org ...


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS: berkshire; berkshirehathaway; buffett; electricity; energy; hathaway; taxpayers; warrenbuffett; wind; windenergy; windmill; windmillelectricity

1 posted on 05/28/2014 10:45:21 AM PDT by george76
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To: george76

Follow the money.


2 posted on 05/28/2014 11:10:37 AM PDT by Blood of Tyrants (Haven't you lost enough freedoms? Support an end to the WOD now.)
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To: george76

While I am not trying to support the wind power subsidies, the writer does not understand the word efficiency. He is talking about availability, run time, etc. That is not efficiency.


3 posted on 05/28/2014 11:17:45 AM PDT by thackney (life is fragile, handle with prayer)
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To: george76

That greedy old gas bag would dig up his mother for the gold in her teeth.


4 posted on 05/28/2014 11:25:21 AM PDT by txrefugee
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To: txrefugee

No, he did not dig the old gal up; he pried those fillings out of her mouth before the coffin was closed at the funeral home. Saves the cost of renting a backhoe you see.


5 posted on 05/28/2014 11:53:23 AM PDT by Holdem Or Foldem (Life isn't fair, so wear a cup.)
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To: thackney

Exactly. It didn’t make sense.

Conversion efficiency: how much available theoretical energy/power versus how much actual energy/power is produced.


6 posted on 05/28/2014 12:23:55 PM PDT by dhs12345
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To: dhs12345
Actually efficiency is even simpler. Energy out divided by energy in.

1000 BTUs of fuel in to produce 600 BTUs of electricity is 60% efficient. That would be a very good combined cycle gas turbine unit.

Since the energy in is “free” wind, efficiency is not the issue with Wind Turbines. Unless we are talking about subsidies versus kick-backs; some are interested in those efficiencies.

7 posted on 05/28/2014 12:33:18 PM PDT by thackney (life is fragile, handle with prayer)
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To: thackney
Exactly. And the ratio is multiplied by 100%.

Also, it is usually power that where efficiency is computed. Not energy.

Good point about the energy being free. I thought the exact same thing but didn't want to be flamed for appearing to support renewable energy.

The real metric should be what is the ROI (return on investment)? For example, if a photo voltaic solar cell costs $100K, how long will it take to pay for itself when compared the other sources of power — coal, nat gas, nuclear, etc. That includes the initial cost, installation, maintenance and repair, distribution costs, etc.

8 posted on 05/28/2014 12:55:37 PM PDT by dhs12345
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To: dhs12345
it is usually power that where efficiency is computed. Not energy.

I'm used to thinking of efficiency in terms of the fuel consumed. Most generation units are rated this way. So you either divide fuel consumption by time, or multiply power output by time. Both would give the exact same calculation, correct?

Agree on the ROI comparison. I don't care what form of power production is used. Just keep the subsidies out.

9 posted on 05/28/2014 1:19:56 PM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

Ya. Just a nit. When computing system efficiency we always computed it based on power (watts) and then extrapolated from there.

And you are correct. The per unit time in power cancels (as long as they are the same) and the energy efficiency ratio is the same.


10 posted on 05/28/2014 2:37:44 PM PDT by dhs12345
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