Greens Terrified Cheap Energy Is Killing Wind And Solar

Unreliable, expensive solarUnreliable, expensive solarCheap coal, oil and natural gas are out competing wind and solar power despite massive government support, and environmentalists are really upset about it.

“I believe low energy prices may complicate the transformation, to be very frank, and this is a very important issue for countries to note; all the strong renewables and energy efficiency policies therefore may be undermined with the low fossil fuel prices,”  Fatih Birol, the executive director of the International Energy Agency (IEA), told reporters in Brussels Thursday.

Americans are spending less on energy than they have at virtually any other point in recent history. Energy prices dropped by 41 percent in 2015 due to innovative new techniques to extract hydrocarbons, like hydraulic fracturing and horizontal drilling.

Environmentalists are also terrified that the rise of cheap conventional energy will hurt wind and solar.

“Increasing reliance on natural gas displaces the market for clean energy,” reads The Sierra Club’s website. This concern notably did not impact The Sierra Club when it took $26 million from natural gas interests to oppose coal power.

Natural gas electricity, in particular, is so cheap that it’s already passing coal power as the most used source of electricity.

Projections from the IEA estimate that developing wind and solar power to substantially impact global warming could cost up to $16.5 trillion between now and 2030. To put such numbers in perspective, the U.S. government is just under $19 trillion in debt and only produced $17.4 trillion in gross domestic product in 2014.

American taxpayers spend an average of $39 billion a year financially supporting solar energy, according to a 2015 report by the Taxpayer Protection Alliance. The same report shows President Barack Obama’s 2009 stimulus package contained $51 billion in spending for green energy projects, including funding for failed solar energy companies such as Solyndra and Abound Solar.

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  • Avatar

    JayPee

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    Energy should be plentiful, reliable and cheap because
    Energy is plentiful, reliable and cheap.

    Deity gave the earth to man to provide for himself.

    NO GOVERNMENT LEGITIMATELY CONTROLS OR OWNS THAT WHICH G-D HAS GIVEN MAN !

    Reply

  • Avatar

    Al Shelton

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    A good conspiracy theory is that the oil producers forced down prices to kill the wind and solar power projects.

    Reply

  • Avatar

    Amber

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    Wind and solar were ,intermittent and uncompetitive before any drop in oil or gas .
    Any business that only exists because of government subsidies ,grants and other props is no threat to the two gorillas in the room .
    Unless government want to cut off the taxes they collect from fossil fuels by banning their use and peoples right of choice, solar and wind will remain a fringe part of the energy markets.

    Climate changes and the little mouse mankind is not going to alter the direction .
    Fortunately we have a gradually warming earth cycle and we should celebrate that . The animals and plants are the big winners .

    Reply

  • Avatar

    JayPee

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    @ Al

    If anyone is forcing down the price of crude, it’s the OPEC gang who are scared to death of fracking leading to complete energy independence for the west.

    Reply

  • Avatar

    JayPee

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    I forgot to add :

    O’Bama is also scared to death that the west
    particularly the USA
    will have energy independence

    It ruins his plans to put the west under the thumb of islum

    It ruins his dream of the universal caliphate.

    Reply

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