Opportunity Cost or Fraud & Waste

 

 

$2 Trillion Dollars has been spent (mostly forced spend via tax dollars) since 2011 on wind & solar across the world. The ROI (return on investment) is 3% up from 0.5%.

At that rate $60 Trillion dollars would get the world to about 1/3 "clean energy" & be 3 years worth of total USA GDP.

Could you imagine if that $2 Trillion had been spent putting in known & proven methods? 

Maybe that's how China has gotten 400 million of it's people out of poverty in less than 20 years? 

Literally, an entire United States was brought out of poverty thanks to fossil fuels.

Ironically, they use coal fired power plants to make solar panels which the USA buys 90% from. 

They are building more coal fire power plants than the total of all plants in the world. Think about that !

By the way, they are the #1 emitter of Co2 in the world & NOT a part of the Paris Climate Agreement. Why is that?

Maybe they know that the efficiency of wind & solar doesn't provide.

A wind mill has 34.8 % efficiency (on a good day)

A solar panel has 24.5% efficiency (on a good day)

A blended efficiency rate is just shy of 30% 

But don't worry the USA Taxpayer pays: 

1.5 cents/kw for wind - no cap, 10 years. ( PTC)

26% tax "credit" for every dollar spent on solar - no cap (ITC)

Since 2010 over $100 Billion has been given in PTC and ITC.  That's about $300 for every women, man, & child in America or $800 per household.

(That $800 per household is just shy of what 3 billion people earn in an entire year.

With 100 GW of solar capacity & 120 GW of wind capacity in the USA (2021) that's $4.50/kw average given out by the government. 

California will continue to have millions of people living in the dark because of rolling blackouts as they cannot increase supply when demand is needed. With electricity supply approaching 50% from ONLY wind & solar - the future will only get worse. 

Texas is fast approaching California with it's energy mix now above 30% "clean energy" i.e. wind, solar, & nuclear. Just look at March 2021 & the "winter storm." Now spring of 2021 is having trouble because wind doesn't blow when atmospheric pressure is equalized (i.e. very hot days).

 

Next Up - Poverty or Prosperity?

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