Forbes: A New Study Takes The Wind Out Of Wind Energy

“… if wind energy doesn’t significantly reduce carbon dioxide emissions, then critics can easily challenge the industry’s hefty subsidies, which include the federal production tax credit of $0.022 for each kilowatt-hour of electricity. That amounts to a subsidy of $6.44 per million BTU of energy produced. For comparison, in 2008, the Energy Information Administration reported that subsidies to the oil and gas sector totaled $1.9 billion per year, or about $0.03 per million BTU of energy produced. In other words, subsidies to the wind sector are more than 200 times as great as those given to the oil and gas sector on the basis of per-unit-of-energy produced.” ¬†Robert Bryce, Forbes Magazine

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: