Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: larry hagedon

First off: Your point is not made, because the degree you call a quibble is not a quibble, it’s a huge gulf, with the least bang for the buck in “subsidies” for renewables and biofuels and the biggest bang for the buck for fossil fuels.

Secondly: As I said in my comments, one of the biggest errors of the report is that it calls “tax credits” (the biggest form of subsidy for “fossil fuels”) - money left in the private sector - as the same and having the same economic weight as “subsidy” as money confiscated out of the private sector through taxation, shuffled through the politicians and redirected in the economy by government fiat (the biggest form of subsidy for renewables and biofuels). They are NOT equal when it comes to economic performance. Wealth/capital/income redistribution by government fiat is never as efficient in economic terms (making the most of an investment) as leaving wealth/capital/income in the private sector in the first place.

If “renewables” and “biofuels” were the new “Model T” of energy, or the “PC revolution” of energy, then like Henry Ford and Bill Gates no program of government directed investment in them would be needed to bring them and their revolution in energy to market. The fact is they are much more about politics than they are about more efficient energy.

Energy has had its revolution; its called nuclear energy, and its been held up by one thing - politics. End that blockade and the revolution in energy begun decades ago will be resurrected; with private capital.


30 posted on 11/11/2010 11:04:28 AM PST by Wuli
[ Post Reply | Private Reply | To 18 | View Replies ]


To: Wuli

Nice post!


32 posted on 11/11/2010 11:10:19 AM PST by <1/1,000,000th%
[ Post Reply | Private Reply | To 30 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


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