“Tesla is redefining ‘too big to fail’ as ‘politically correct, so bail’.”
I publish a monthly post at Forbes.com, Political Energy. My fellow scholars Michael Lynch and Alex Epstein also have columns at Forbes. All of our contributions offer the energy community and policy makers an alternative to the current government energy planning mentality.
My most recent post, “Investors Confront Tesla’s Energy Fantasy,” has just been published. Some quotations follow:
… Continue Reading“Musk’s various ventures have received almost $5 billion worth of government assistance. Nevada recently chimed in with $1.3 billion to incentivize Tesla to build its “gigafactory” — a new battery producing facility — near Reno.”
“Each car sold by Tesla receives a federal income tax credit of $7,500. And California allows an additional $2,500 rebate to its citizens.”
“Artificial reliance on unconventional energies is problematic outside niche applications. Politically favored renewable energies for generating electricity are expensive and supply constrained and introduce their own environmental issues. Alternative vehicular technologies are, at best, decades away from mass commercialization. Meanwhile, natural gas and reformulated gasoline are setting a torrid competitive pace in the electricity and transportation markets, respectively.” (1999)
Advocates of energy reality and a consumer-driven, taxpayer-neutral energy industry have reason to be discouraged. Arguments against government intervention in energy market from decades ago are still valid if not more true today.
Peak oil … Energy security … Pollution reductions… Global lukewarming. Game, set, match fossil fuels. Game over for government subsidized wind power, solar power, ethanol, and electric vehicles.
But the advocates of forced (government) eco-energy transformation march on.
A theme at MasterResource, now in its eighth year, has been the false arguments and predictions of the energy interventionists, and the still-true, come-true arguments of the freedom school.…
Continue ReadingThe Alliance for Wise Energy Decisions (AWED) is an informal coalition of individuals and organizations interested in improving national, state, and local energy and environmental policies. Our premise is that technical matters like these should be addressed by using Real Science (please consult WiseEnergy.org for more information).
A key element of AWED’s efforts is public education. Towards that end, every three weeks we put together a newsletter to balance what is found in the mainstream media about energy and the environment. We appreciate MasterResource for their assistance in publishing this information.
Some of the more important articles in this issue are:
Wind Executive Interview: Wind Energy is Just a Subsidized Experiment
Levelized Cost of Electricity from Existing Generation Resources
Australia Finds Out that Wind Energy Doesn’t Really Work
LTE: Wind Project opposed for Many Good Reasons
Bats Save Billions in Pest Control
The Right to Know: Releasing Wind Turbine Bird & Bat Death Data
Are We Considering All the Costs For Wind Projects?…
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