A recent story (http://liberty.pacificresearch.org/blog/sid.green-jobs) notes layoffs in the renewable energy business and laments the oft-heard call for expenditures on ‘green jobs’. The author notes the potential ‘explosion’ in clean jobs, but also the wasteful practice of low productivity investment. Solar power especially is very expensive and hardly a cost-effective way to spend taxpayer or consumer money.
Amazingly, a number of Congressional leaders such as Harry Reid and Bernie Sanders point to the struggles the public has had with higher energy costs, and then turn to renewable energy as a solution, without mentioning its (higher) cost. This is rather like Marie Antoinette’s supposed comment that the poor who had no bread should eat cake. Arguing for ‘clean’ energy over ‘dirty’ energy is one thing, but proposing to solve the problem of expensive energy with even more expensive (but ostensibly cleaner) energy is at best disingenuous.…
Continue ReadingToday’s Houston Chronicle has two takes on the recent decision by hometown Dynegy to pull back from participating in the construction of new coal plants and concentrate on expanding capacity at its existing plants.…
Continue ReadingIf only to cover their bases, environmentalists have from time to time been forthright about the problems of renewable energies. To his credit, John Holdren has punctuated his energy alarmism with a bit of energy realism in this regard. “There is no energy technology presently known or imagined (solar energy not excepted) with negligible environmental impact,” he said in a 1977 essay, “Energy Costs as Potential Limits to Growth” (Dennis Pirages, ed, The Sustainable Society: Implications for Limited Growth, p. 71).…
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