Electricity Prices Set to Skyrocket Thanks to Rich Green Cronies
We see it happening in Germany, Canada, South Australia, Spain, and wherever else it has been tried. Rapid politically-driven construction of big wind and big solar projects drives up the cost of retail electrical power, hurting the poor and benefiting the well-connected green-crony rich.
It’s not the demand for more electricity that’s driving construction [of giant wind farms], but rather the government’s preferential tax treatment and counterintuitive energy mandates… Warren Buffett has admitted as much. In 2014 he explained: “I will do anything that is basically covered by the law to reduce Berkshire’s tax rate [. . .] We get a tax credit if we build a lot of wind farms. That’s the only reason to build them. They don’t make sense without the tax credit.”
… The winners? Warren Buffett; MidAmerican Energy’s other investors; and Facebook, Microsoft, and Google—MidAmerican’s biggest customers, who will receive tax benefits of their own for using wind energy. The losers? Taxpayers and other ratepayers footing the bill. __ The Hill
High Priced Unreliable Green Energy Drives Out Industry and Jobs
From Germany with love:
All of this – the job losses, the unreliable power supply, the astonishing amounts of spending that could top €1 trillion over the coming decades, and the rising coal emissions to boot – amounts to one of the more monumental blunders of modern governance.Berlin likes to think of itself as a green-energy example to the rest of the world. It sure is.
Wall Street Journal __ Source
We Expect this Corruption and Stupidity from Obama; Hillary Promises More of the Same
Democratic nominee Hillary Clinton’s plan to install half a billion solar panels by the end of her prospective first term will increase electricity prices for American families, according to a study by the free market Institute for Energy Research (IER).
Researchers found Clinton’s plan would increase power price through expanding a solar subsidy, called net metering, which forces utilities to buy the electricity produced by rooftop solar panels often at two to six times the market price. Net metering also forces people who don’t own rooftop solar panels to pay more to maintain the grid.
IER’s findings closely mirror those of a 2015 study by the Massachusetts Institute of Technology (MIT) that found rooftop solar subsides increase costs and the business model isn’t viable without government support.
In fact, neither big wind nor big solar are viable without massive, never-ending government support. Both forms of energy are intermittent and unreliable, and free markets would have nothing to do with either without forceful big-government policies that result in ever-rising energy costs to energy consumers.
If you want to know who to thank for your life getting more complicated and less affordable, look to green politicians, green activists, and green cronies in corporations such as Microsoft, Facebook, Google, and Berkshire Hathaway.
Another listing of wealthy thieves from The Green Corruption Files:
Such people and economic entities are willing to steal from ordinary power consumers for big tax breaks and corrupt government contracts — and sometimes just because they feel good doing it. And don’t forget Zuckerberg, Brin, and Gates. Robin Hood in reverse, indeed.
Currently, 29 states have renewable portfolio standards mandating utilities to generate a certain percentage of their electricity from sources such as wind and solar. On the federal level, the Environmental Protection Agency’s recent carbon regulations—if eventually upheld by the Supreme Court—will shutter many traditional power plants, leaving wind farms to take their place.In other words, government policy is doing everything in its power to set the stage for wind. Those investing in wind stand to reap guaranteed profits, while taxpayers and ratepayers have to pay more in the end. In terms of tax dollars, the production tax credit for wind is estimated to cost taxpayers $13.8 billion between 2014 and 2018. Energy mandates, meanwhile, will drive up electricity prices as traditional energy sources are phased out for costlier power provided by wind and solar. __ http://thehill.com/blogs/congress-blog/energy-environment/299405-iowa-wind-farm-generates-more-tax-credits-than
We are Not Recommending Direct Action Against Corrupt Green Politicians and Cronies
Violence begets violence, and should be avoided even as a last resort, if possible. But clearly, those who increase the suffering of the majority of their fellow countrymen just for corrupt coin, should pay a penalty. And make no mistake: What these greens are doing amounts to a type of genocide of modern societies — intentional or not.
Stay alert and be prepared. Green corruption is profitable, and with the assistance of news and entertainment media wraps itself in glitter and “good intentions” to amuse and deceive the masses. Try not to fall into its net of deception and decline. The development of parallel infrastructure is no longer just an option, but a necessity.
Never forget: The quality and reliability of electrical power is what makes modern life possible
Corrupt big wind and big solar energy projects not only raise retail power prices, they threaten the integrity of power supplies to vital infrastructure. Just a few days without electrical power could turn a modern city into an inferno. That is the thing that Hillary, Obama, Zuckerberg, Brin, Buffett, Michael Dell, Elon Musk, and George Soros are flirting with, for ideological and monetary motives.
If you want to frighten these green billionaire welfare-dependents, threaten to take away their government subsidies. Then stand back and watch the stampede away from the huge government-instigated misallocation of society’s resources.