The energy ideology on which the U.S. has ‘wasted’ $1.5 TRILLION

I post this as I listen to Ford losing $5.5 billion on EV’s as they transition to hybrid because no one wants them. They’d rather have a ground shaking V-8 with a straight exhaust in their truck or a real Mustang, but no. Ford Loses $44,000 On Every EV Sells As It Switches To Hybrids

Now this:

We are often told that wind and solar, if not cheaper, are at least cost competitive with fossil fuels. Dead wrong! Wind or solar costs around five times more per megawatt hour compared to, for example, natural gas.

We are told that wind and solar will save us from a climate catastrophe. If there is a looming climate catastrophe, the only thing that will save us is nuclear power. Wind and solar are incredibly expensive methods of reducing CO2 emissions. The more wind and solar you build, the cost of removing CO2 increases disproportionately.

The U.S. has wasted $1.5 trillion on wind and solar and for that money only a little more than 10% of our electricity comes from wind and solar.

Fossil fuels are not dirty. Modern natural gas or coal plants are environmentally pristine. CO2 is not a pollutant, but an aerial plant food that is greening the Earth. CO2 makes plants grow faster with less water.

Wind or solar electricity is not worth what it costs to create it. It is worth what someone is willing to pay for it. That is a generally accepted economic principle.

If the government requires a utility to purchase some amount of electricity at some price, that is not a free market.  That is central planning. Central planning has a role, but it rarely works as well as the voluntary exchange of goods and services. Central planning creates unexpected twists and turns and often results in low productivity.

More on the lies they’ve been telling us about Green energy and the Green New Deal nonsense