A few years ago Americans were introduced to "Green Companies"
with cutting edge and promising names like: Solyndra, Fisker, Abound Solar and
many others. All of them were the
recipients of government backed loans and almost all of them have gone bankrupt
leaving the American taxpayer holding the bag for billions. See Heritage
Not only were these “green companies” the recipients of
outright taxpayer loans which many will never repay, they were also on the
receiving end of tax breaks and subsidies designed to give them an edge.
For instance an electric car maker, Tesla Motors, can get $45,000 for each car it sells in
state and federal subsidies. The Tesla S starts at $69,000, so about 40% of its
total cost is subsidies See: WUWT article
See Tesla loses $10,000 Per Car: Profit Made From Government Subsidies, Loans and Incentives: Stephen Frank’s California
But to even tilt the playing field farther in their favor,
the government under the guise of the EPA and other agencies was busy punishing
the competition of the favored “green energy industries.”
Obamas first Energy Secretary Stephen Chu said his stated
goal was to get Americas
gasoline prices in line with Europe’s. In California
last week a gallon of supreme was 4.45.
The Keystone Pipeline has been delayed for years. More red
tape and delay is greeting energy producers on federal lands. The war on the
technology of fracking has delayed the capture of vast new resources of energy.
The administrations war on coal has been nothing short of a
genocidal campaign against one of Americas most abundant and cheap
sources of energy. Ignoring the fact
huge advances have been achieved in the clean burning of coal and more advances
are on the way. The government has
decided to crush this industry with unreasonable timelines to impose their
regulations.
Of course wind energy and solar subsidy campaigns are costing
consumers billions and the unreliable power produced by these sources is far
more expensive than conventional fossil fuel sources. Sometimes 3 times as
much, when you count the hidden costs.
California
has already warned consumers their electric rates will rise dramatically this
year now that mandated renewable energy is coming on line. Other states will feel the pinch of higher
utility rates, as coal fired power plants are shut down and renewable mandates start to kick in. See can’t afford to use the air conditioner
America is suffering unnecessarily from high energy prices
due to policies designed to punish them
and foist on citizens forms of energy that are prohibitively costly and
unreliable…..When at the same time America is sitting on an ocean of relatively
cheap energy. See high cost of renewable electricity mandates by Hoover Institute
Many European countries have embraced alternative energy at
the behest of their left leaning governments and the citizens are now suffering
as a result. Some households in the UK have to make a choice between
buying food or paying their electric bill. See story in the UK Guardian
America is about to have its day of reckoning with the reckless
green energy policies foisted on them by the left……Elections do have
consequences.
