Max Schulz, who goes way, way back with the Gormogons, has a terrific op-ed on the chimera of alternative energy in the Journal this morning about alternative energies. Read the whole thing, but if clicking through is just too damn hard, read this (and get some exercise):
There’s an unavoidable problem with renewable-energy technologies: From an economic standpoint, they’re big losers. Renewables simply cannot produce the large volumes of useful, reliable energy that our economy needs at attractive prices, which is exactly why government subsidizes them.
The subsidies involved are considerable. The U.S. Energy Information Administration reported in early 2008 that the government subsidizes solar energy at $24.34 per megawatt-hour (MWh) and wind power at $23.37 per MWh. Yet even with decades of these massive handouts, as well as numerous state-level mandates for utilities to use green power, wind and solar energy contribute less than 1% of our nation’s electricity.
Compare the subsidies to renewables with those extended to natural gas (25 cents per MWh in subsidies), coal (44 cents), hydroelectricity (67 cents), and nuclear power ($1.59). These are the energy sources (along with oil, which undergirds transportation) that do the heavy lifting in our energy economy.
Don’t ask impertinent questions like that jackass Adept Lu.