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Topic:
Wind energy subsidies thousand percent more than oil
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Blue_arrow
Posts: 468
Registered: 2008-7-2 02:02:19
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Date Posted:
1/1/00 12:00am
Subject:
Wind energy subsidies thousand percent more than oil
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http://www.humanevents.com/article.php?id=50531
Still, he’s got a point that oil companies making 50 cents on the dollar is pretty outrageous. Oh, wait, sorry, that’s how much the government makes on oil. The net profit margin of oil and natural gas companies, according to a CNS News report from last summer, is 5.7 cents on the dollar. The top three oil companies paid $42.8 billion in income taxes in 2010, but apparently that’s nowhere near enough.
Of course, Obama doesn’t want to end all “tax breaks†and “subsidies.†He specifically said he wants to pour more money into those disastrous, but politically favored, “green energy†investments that generate little besides bankruptcy:
If you’re interested in thinking about all this logically, keep in mind that those green boondoggles already get far more tax support than oil. In fact, if you factor in the number of kilowatt-hours produced, wind energy gets one thousand times the subsidies that oil receives, despite wind generating an utterly irrelevant portion of our energy needs. All of Obama’s beloved green energy sources combined – wind, solar, biofuels, geothermal – account for perhaps 12 percent of our power supply. So, of course, it makes perfect sense to increase the cost of the oil we actually need, and dump more cash into these boutique projects.
It would seem the “all-of-the-above†energy strategy this President advocates doesn’t include oil, gas, coal, or nuclear power, but it does embrace the awesome power of the venti double latte.
If his energy policy is so brilliant, why does he have to keep pushing it with an easily disproven falsehood?
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theredkay1
Posts: 611
Registered: 2008-5-16 10:37:09
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Date Posted:
1/1/00 12:00am
Subject:
Wind energy subsidies thousand percent more than oil
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Blue_arrow posted:
If you’re interested in thinking about all this logically,
 This was like a funny little easter egg
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Date Posted:
1/1/00 12:00am
Subject:
Wind energy subsidies thousand percent more than oil
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Wow.
article posted:
In fact, if you factor in the number of kilowatt-hours produced, wind energy gets one thousand times the subsidies that oil receives
This is where it all falls apart.
1) Oil is rarely used to produced to produce energy to power homes or industry. So using kWh anywhere in the calculation is both foolish and misleading.
2) Anyone can manipulate numbers to make them appear as they want.
3) Why factor in kWh produced? Renewables will of course produce less energy per dollar invested, because it's still a developing technology, and isn't nearly as refined as oil and gas.
4) Every form of energy production has a different capacity factor.
http://en.wikipedia.org/wiki/Energy_subsidies
Wikipedia posted:
A 2009 study by the Environmental Law Institute[5] assessed the size and structure of U.S. energy subsidies over the 2002–2008 period. The study estimated that subsidies to fossil-fuel based sources amounted to approximately $72 billion over this period and subsidies to renewable fuel sources totaled $29 billion. The study did not assess subsidies supporting nuclear energy.
The three largest fossil fuel subsidies were:
Foreign tax credit ($15.3 billion)
Credit for production of non-conventional fuels ($14.1 billion)
Oil and Gas exploration and development expensing ($7.1 billion)
The three largest renewable fuel subsidies were:
Alcohol Credit for Fuel Excise Tax ($11.6 billion)
Renewable Electricity Production Credit ($5.2 billion)
Corn-Based Ethanol ($5.0 billion)
In the United States, the federal government has paid US$74 billion for energy subsidies to support R&D for nuclear power ($50 billion) and fossil fuels ($24 billion) from 1973 to 2003. During this same timeframe, renewable energy technologies and energy efficiency received a total of US$26 billion. It has been suggested that a subsidy shift would help to level the playing field and support growing energy sectors, namely solar power, wind power, and biofuels.[6] History shows that no energy sector was developed without subsidies.[6]
You will notice here that wind isn't even in the top three renewable subsidies.
In short, you are stupid, and this article is nothing but a bunch of misinformation designed to hook fools like you.
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We have not inherited the Earth from our parents, we have borrowed it from our children.
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Blue_arrow
Posts: 468
Registered: 2008-7-2 02:02:19
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Date Posted:
1/1/00 12:00am
Subject:
Wind energy subsidies thousand percent more than oil
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theredkay1 posted:
Blue_arrow posted:
If you’re interested in thinking about all this logically,
This was like a funny little easter egg
National gas price $3.93 predicted to hit $4 in few weeks
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__Bonk__
Posts: 5,122
Registered: 2009-7-25 03:04:52
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Date Posted:
1/1/00 12:00am
Subject:
Wind energy subsidies thousand percent more than oil
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Im all for alternative energy. People have to realize that at first the cost of new tech like this is very high. OBama is right in a way but we still must use oil
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I keep my eyes fixed on the sun!
A change in feeling is a change in destiny.
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dae_trist
Posts: 1,049
Registered: 2003-6-5 13:32:39
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Date Posted:
1/1/00 12:00am
Subject:
Wind energy subsidies thousand percent more than oil
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__Bonk__ posted:
Im all for alternative energy. People have to realize that at first the cost of new tech like this is very high. OBama is right in a way but we still must use oil
Back away from the keyboard, Audrey.
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Date Posted:
1/1/00 12:00am
Subject:
Wind energy subsidies thousand percent more than oil
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Date Posted:
1/1/00 12:00am
Subject:
Wind energy subsidies thousand percent more than oil
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People against the green movement are simply not geared towards long term thinking.
The simple fact is that fossil fuel prices will continue to go up as the supply diminishes. Renewables will cost less as more efficient methods are discovered and utilized. To wait until gas costs $12/gallon before investing in the inevitable is a failing policy.
I guess the hope is that China will create a cost effective technology and will benevolently share it with us. 
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"Goddammit, Swearengen, I don't trust you as far as I could th'ow you, but I enjoy the way you lie."
I don't typo often, but when I do, I blame Swype.
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Bjorvald
Posts: 334
Registered: 2002-4-5 20:51:00
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Date Posted:
1/1/00 12:00am
Subject:
Wind energy subsidies thousand percent more than oil
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We have hundreds and hundreds of years of fossil fuels available. The world is awash in it.
Diminishing supply isn't what is causing oil prices to spike.
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Bjorvald 9lx healer
Blinknone, various toons on classic
GANKED AGAIN
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Date Posted:
1/1/00 12:00am
Subject:
Wind energy subsidies thousand percent more than oil
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Wind and solar power could be virtually free ad infinitum. Water could also be free. It is only the vested interests that prevent this from happening.
Why not use the resources that are readily available and that don't require the destruction of the environment that sustains us?
The world we currently live in, that treats the sunlight and rain that falls on each and every parcel of land as WASTE, is a world that is blinded by 150 year old thinking.
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We have not inherited the Earth from our parents, we have borrowed it from our children.
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