The American Wind Energy Association (‘AWEA’) claims big wind had a spectacular 2015, but we looked past the slick advertising and found the same AWEA rhetoric with extra pixie dust applied.
According to the American Wind Energy Association (“AWEA”) big wind had a spectacular 2015.
Jobs were up 20%, emissions down, more wind megawatts were installed than any other fuel source, and happy landowners pocketed a cool $222 million for their trouble. The media dutifully sang America’s good fortune. Imagine: a last Congressional vote in December mandating $15.8 billion in wind PTC payouts and everything is now right as rain. That is, until you look past the slick advertising and realize the boasted gains are nothing more than AWEA rhetoric with extra pixie dust applied.
The “Jobs Game”
The industry touted 15,000 jobs added in 2015, bringing the total to 88,000, including 1,800 new manufacturing positions.…
A recent article in the New York Times, “Not So Green After All: Alternative Fuel Still a Dalliance for Oil Giants,” chronicled the move away from politically correct (but economically incorrect) wind and solar energy by the oil majors.
Royal Dutch Shell and BP, in particular, recognize wind and solar as what they are: dilute, intermittent energies that are not consumer friendly or economic. And their investment returns in the same have been lackluster. Shell and BP have found out what Exxon Mobil learned in the 1970s.
“Oil giants worldwide are skeptical that President Barack Obama’s plans to move the economy away from petroleum will be successful,” Jad Mouawad wrote in the Times. “Many of the oil companies are sticking to their hydrocarbon business model and some are backing away from commitments to renewable power.”…