“While the ITC option eliminates the uncertainty of performance, it is also consistent with the view of Warren Buffett, considered one of the outstanding investors of all-time. He has said, ‘[O]n wind energy, 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.’”
“Responding to his critics about the economics of Deepwater Wind, CEO Jeffrey Grybowski said: ‘We’re building clean energy for the next generation here. And I think there are always small-minded opponents who like to find conspiracies.’ But I doubt most Rhode Islanders consider themselves either ‘small-minded’ or conspiracy-theorists.”
America’s renewable energy industry recently opened a new chapter with the official startup of the Block Island Wind Farm located 3.8 miles off the coast of Block Island in Rhode Island state waters.…
The Alliance for Wise Energy Decisions (AWED) is an informal coalition of individuals and organizations interested in improving national, state, and local energy and environmental policies. Our premise is that technical matters like these should be addressed by using Real Science (please consult WiseEnergy.org for more information).
A key element of AWED’s efforts is public education. Towards that end, every three weeks we put together a newsletter to balance what is found in the mainstream media about energy and the environment. We appreciate MasterResource for their assistance in publishing this information.
Some of the more important articles in this issue are:
Major Study about the limitations of climate models
“At a minimum, each Regulatory Reform Task Force shall attempt to identify regulations that (i) eliminate jobs, or inhibit job creation; (ii) are outdated, unnecessary, or ineffective; (iii) impose costs that exceed benefits; (iv) create a serious inconsistency or otherwise interfere with regulatory reform initiatives and policies; ….”
The just-signed Executive Order, “ENFORCING THE REGULATORY REFORM AGENDA” (February 24, 2017), is a great free market moment, one rivaling Ronald Reagan’s EO dated January 28, 1981, that began: “I am ordering, effective immediately, the elimination of remaining Federal controls on U.S. oil production and marketing.” Reagan explained:
For more than 9 years, restrictive price controls have held U.S. oil production below its potential, artificially boosted energy consumption, aggravated our balance of payments problems, and stifled technological breakthroughs. Price controls have also made us more energy-dependent on the OPEC nations, a development that has jeopardized our economic security and undermined price stability at home.