Wednesday, May 2, 2012

Subsidies for "green" power

I found this tidbit on the Al Fin Energy blogpost titled Peak Oil, Meet Hard Facts: An Energy Primer

Total federal subsidies in fiscal year 2007 were $24.34 per megawatt hour for solar-generated electricity and $23.37 per megawatt hour for wind, compared with $1.59 for nuclear, $0.67 for hydroelectric power, $0.44 for conventional coal, and $0.25 for natural gas and petroleum liquids. 14 In fiscal year 2010, the subsidies were even higher. For solar power, they were $775.64 per megawatt hour, for wind $56.29, for nuclear $3.14, for hydroelectric power $0.82, for coal $0.64 and for natural gas and petroleum liquids $0.64.

From this source, it puts the lie to Obama's claim that oil is being subsidized.  No, that's not what's being subsidized- instead it is so called green energy.  The only "green" thing about it is that is using up a lot of greenbacks to pay for it.

Obama was called out on his big fibs on the Washington Post's factchecker.  But the above quote puts the lie in better perspective.  Not only was Obama's claims a lie, but quite a big one even though it only rated one pinnochio out of four.

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