Wednesday, January 25, 2012

The Great Renewable Energy Scam: Is There A Change in the Wind? | Patrick J. Michaels | Cato Institute: Commentary

The Great Renewable Energy Scam: Is There A Change in the Wind? | Patrick J. Michaels | Cato Institute: Commentary: 'Nor do RPSs allow for natural gas. There are massive quantities in shale formations around the country, and new horizontal drilling techniques are releasing so much of it that it is now the cheapest source of electrical power. If our environmentalist friends were at all serious about climate change, they would enthuse over it becaus. it produces significantly less carbon dioxide than an equivalent quantity of coal when used for power generation. Instead, they are horrified that cheap gas will destroy solar and wind.'

'One needs to look no further than ethanol as a motor fuel, mandated by the feds. Sold as “renewable” and reducing pernicious carbon dioxide emissions, it actually produces more in its life cycle than simply burning an equivalent amount of gasoline. It also—unconscionably—consumes 40% of U.S. corn production, and we are the by far the world’s largest producer of this important basic food.'

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