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Keyword: windmillelectricity

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  • How Warren Buffett Milks Consumers & Taxpayers Through Wind Energy

    05/28/2014 10:45:21 AM PDT · by george76 · 9 replies
    NLPC ^ | 05/21/2014 | Fred N. Sauer
    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....