MCViewPoint

Opinion from a Libertarian ViewPoint

Delingpole: Renewmaggedon – Solar, Wind Industries Dying as Subsidies Dry Up…

Posted by Martin C. Fox on July 19, 2017

http://www.breitbart.com/big-government/2017/07/19/delingpole-renewmaggedon-solar-wind-industries-dying-as-subsidies-dry-up/

Yes. That’s right. Slowly, deliciously, like a leech starved of blood, the renewable energy industry is withering away and dying. It can only survive through government enforced subsidies or bribe-incentives. Once those dry up, so does its trade.

The jobs aren’t productive ones, the businesses are an ugly manifestation of crony capitalism, and the investors should have realized that in finance there’s no such thing as a one way bet. And in any case the victims of the renewable energy industry’s ongoing collapse will be far outnumbered by the victors. Renewables are, and always have been, a scam perpetrated by the few against the many.

While Germany has succeeded in increasing the share of wind and solar in German electricity production to over 30 percent, the average German household spent 50 percent more on electricity in 2016 than 2007. German firms open new manufacturing facilities not in Germany, but in Slovakia and other countries with much cheaper electricity.

The California state Assembly passed a $3-billion subsidy program for electric vehicles, dwarfing the existing program. The bill is now in the state Senate. If passed, it will head to Governor Jerry Brown, who has not yet indicated if he’d sign what is ostensibly an effort to put EV sales into high gear, but below the surface appears to be a Tesla bailout.

Tesla-Crony capitalism on steroids. Tesla gets subsidies to build cars. Tesla sells it’s big bucks government issued pollution credits. Tesla buyers get discounts.  All paid for by US taxpayers.  The only winner is Elon Musk.

Tesla is the electric car bridge to no-where. Government force feeding renewables is modern day Soviet style central planning.  It didn’t work then, it does not work now and never will.

When the market decides the time is right, that will be when the time is right.

Be seeing you

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