Energy Subsidies
A close look at some numbers.
Excerpted from a longer (and well worth reading) essay from Christopher C. Horner at
Breitbart's Big Government:
And while a better world would be free of distortions, in the world we live in, there is only one applicable comparison. So naturally the only, and once again disingenuous, talking point the anti-energy Left has has things backward. It is this: How much does the taxpayer subsidize wind, solar, oil, coal, gas and nuclear per unit of energy produced?
This one�s gonna hurt, comrade.
According to the Energy Information Administration, before the past two years� �renewables� binge, including $90 billion in stimulus pork:�For subsidies related to electricity production, EIA data shows that solar energy was subsidized at $24.34 per megawatt hour and wind at $23.37 per megawatt hour for electricity generated in 2007. By contrast, coal received 44 cents, natural gas and petroleum received 25 cents, hydroelectric power 67 cents, and nuclear power $1.59 per megawatt.� (h/t Institute for Energy Research)
So we are giving these huge subsidies (read: Our Tax Dollars) for energy sources that are unable to contribute more than a few percent of our energy needs.
Posted by DaveH at January 15, 2011 12:45 PM