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Old 12-26-2012, 08:25 PM
  #443  
FDXLAG
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Joined APC: Nov 2006
Position: 767 FO
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Why we are doomed:

Phil Gramm: The Multiple Distortions of Wind Subsidies - WSJ.com

"The costs of wind subsidies are extraordinarily high—$52.48 per one million watt hours generated, according to the U.S. Energy Information Administration. By contrast, the subsidies for generating the same amount of electricity from nuclear power are $3.10, from hydropower 84 cents, from coal 64 cents, and from natural gas 63 cents."

"But the cost to taxpayers is only part of the problem. Subsidized, wind-generated electricity is displacing other, much cheaper sources of power. The subsidies are so high that wind-power producers can pay utilities to take the electricity they produce and still make a profit. Such "negative pricing" has occurred for some time in the Midwest, the Pacific Northwest and in Texas—and, according to the Energy Information Administration, it will likely grow."

"When electricity demand peaked in Chicago on July 6, 2012, wind energy, which comprised 2,700 megawatts of capacity, was able to supply only four megawatts of electricity, a stunning 99.8% failure rate. In Europe, one day this February wind power produced almost a third of Germany's electricity—but four days later it produced none (it was a still day)."
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