1 kilowatt of windmill electricity produces 57x the profit of 1 kilowatt of hydrocarbon fuel electricity.
The extraordinary and outsized economics of green energy are consistent with an arcane scheme. It is originated by government mandates forcing all electric customers to pay for nothing except for the transfer of wealth to the "chosen winners" of the high priests of Green Energy Ideology. Getting chosen to own a windmill is an economic gift of unprecedented proportions. And it will last as long as the "wind blows"! The Green Energy elites are profiting at the expense of all electricity users. They must do everything possible to prevent "we the people" from ever discovering how they make all their money.
Poster's note: The calculations in this article are many and it seems that the writer needed to make a certain number of assumptions. To understand the potential light these calculations and assumptions may or may not be shedding on MAINE "Windonomics" or perhaps "Reconomics" this may take a careful read or two. Under the heading of "where there's smoke there's fire", it would seem that investing the energy to understand the potential relevance to Maine, might be well worth your effort.
When rural Mainers' health and dreams are turned upside down, our core natural essence defiled, our electricity transmission rates increased by 19.6% overnight with far more to come, promised permanent green jobs exposed as essentially non-existent, the little man's tax and electricity money gone to make the wildly wealthy yet wealthier...and all Maine gets is an annual barbeque for a snowmobile club and perhaps a new firetruck, it is well past time for the walls to be brought crashing in on these looters of the little man and all we hold dear.
Occupy Wind Street.
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May 20, 2014
Warren Buffett can do without a tax break for wind energy
Does the “Oracle of Omaha” really need another tax break? It’s a fair question, given the way billionaire Warren Buffet made headlines several years ago with his complaints that his secretary paid more in taxes to the federal government than he did.
Buffet is big on big wind because it helps reduce the corporate tax liability of some companies. “On wind energy we get a tax credit if we build a lot of wind farms,” the billionaire Democrat recently told a Nebraska audience. “That’s the only reason to build them. They don’t make sense without the tax credit.”
Everywhere you look, the market is giving signals that wind energy is an economically-specious idea. In order to move ahead with these projects, especially the offshore wind farms that are the latest rage, business is asking for tax breaks, subsidies and federal loan guarantees. They understand that without them the math doesn’t work – so why don’t the politicians in Washington?
Much more here:
ALSO, please see:
Ed Markey, lawmakers rake in Cape Wind dollars