Critics of subsidies for renewable energy are usually met with the comeback that the oil industry gets trillions in subsidies – $5.3 trillion a year, to be exact. That estimate is based on three major mistakes: It’s the entire energy industry (not oil); the estimate includes externalities, which aren’t subsidies; and most of the amount tends to benefit consumers, not the industry.
Here are some more accurate numbers through a recent article in Forbes, which shows the amount of subsidies given to green energy sources, versus coal, oil or natural gas. And the results are less-than-flattering for the greenies.
These are numbers from 2013 released by the Department of Energy and reported by Forbes and the Daily Caller:
“Solar and wind power get 326 and 69 times more in subsidies than coal, oil, and natural gas per amount of energy generated according to an article published in Forbes Wednesday.
“This will be no surprise to many analysts, but it will no doubt shock renewable power advocates to realize the magnitudes involved, including the fact that wind is a much better buy than solar. The reason is that most solar subsidies go to residential installations, while wind is usually industrial scale and thus more efficient.
“But efficiency has never been very relevant to the renewable power sector. (The much lower figure for total renewable electricity subsidies reflects the impact of hydroelectric power, which receives almost no support but is a major source of energy.)”
This confirms that liberals always want you to conform to their ideals and ideas – even if they’re bad ones that the free market can’t support on their own.
Do you believe that the Left is pushing “green energy” because they want to save the environment – or because they want to push a radical agenda on the American people?
Sound off in the comments section below.