Cape Wind Spokesman Mark Rodgers, “Do you have the tea party in Germany?”
Leaders in the American and German offshore wind industries emphasized the importance of a secure political climate in making the region’s offshore wind aspirations a reality during a panel discussion at the Whaling Museum on Tuesday morning. “Investors want a guarantee that the political climate will not change between when they invest and when they get a return,” U.S. Rep. William Keating, D-Mass proposes the next investment tax credit extension expire not on a particular date, but rather when there are 3,000 megawatts of offshore wind energy in the United States. (For reference, Cape Wind is a 455-megawatt project). In other words, NEVER more@cconline 07:24
Jens Eckhoff, president of the German Offshore Foundation, said that in Germany “we never had any political fight over this topic.”
Right about now I bet the Krauts wish they had a tea party!
Breaking news: What The U.S. Can Learn From Germany’s Green Energy Debacle
Over the last decade Germany became one of the leading forces in the global movement to subsidize green energy production and mandate its use. Germany’s renewable energy producers enjoy a guaranteed minimum price for their energy. So they can successfully produce and sell it at a guaranteed price, regardless of what customers want.
That has led to somewhat of an energy bubble in Germany. Many farmers and municipalities are producing green energy no one actually needs, but are entitled to sell it. In the end consumers have to pay for it. These policies caused a doubling of energy prices for German consumers over ten years.
more here: http://www.forbes.com/sites/realspin/2013/11/07/what-the-u-s-can-learn-from-germanys-green-energy-debacle/
Seems they missed this article from two days ago:
Germany resists EU plans to slash renewable energy subsidies
“A leading Social Democrat warned yesterday (6 November) that the EU planned to investigate German renewable energy discounts for industry, a move that could end up hitting a raft of companies operating in Europe’s biggest economy.”
Or this further down:
‘A problem for Europe’
“Across Europe’s 15 oldest member states (EU15), transmission charges, taxes or renewable subsidies account for roughly half the average household bill, VaasaETT energy research group said.
Danish households, for example, pay Europe’s highest electricity bills at around 31 euro cents per kilowatt-hour because more than half of the cost, or 55%, is made up of taxes, according to a report into energy bills by VaasaETT.”
http://www.euractiv.com/energy/germany-resists-eu-plans-slash-r-news-531558
From Der Spiegel two months ago, and this should highlight how economically damaging this would be to any countries economy:
‘Germany’s Energy Poverty: How Electricity Became a Luxury Good’
“If there is too much power coming from the grid, wind turbines have to be shut down. Nevertheless, consumers are still paying for the “phantom electricity” the turbines are theoretically generating. Occasionally, Germany has to pay fees to dump already subsidized green energy, creating what experts refer to as “negative electricity prices.”
On the other hand, when the wind suddenly stops blowing, and in particular during the cold season, supply becomes scarce. That’s when heavy oil and coal power plants have to be fired up to close the gap, which is why Germany’s energy producers in 2012 actually released more climate-damaging carbon dioxide into the atmosphere than in 2011.”
The main point of the article:
“German consumers already pay the highest electricity prices in Europe. But because the government is failing to get the costs of its new energy policy under control, rising prices are already on the horizon. Electricity is becoming a luxury good in Germany, and one of the country’s most important future-oriented projects is acutely at risk.”
http://www.spiegel.de/international/germany/high-costs-and-errors-of-german-transition-to-renewable-energy-a-920288.html
GREEN ENERGY CORRUPTION & CRONY CAPITALISM….
With the Chief Liar in the White House, it should be ALL HANDS ON DECK to have those in congress stop this meddling with our energy industry as we not only have the fossil fuel resources to lower energy prices for decades to come, and yet it has been proven time and again that green energy has to be:
– highly subsidized
– financial guarantees to protect those private businesses that invest in offshore wind and solar
and that the outcome for consumers is:
– the sticker shock on their monthly electric and heating bills
– ever rising energy costs for transportation and food production which is also passed onto consumers
As has been one of the main goals of President Zero’s Administration to destroy the American coal industry. For those who want to see the latest news on this, and it continues to be updated almost daily about the EPA and the regulatory road blocks on coal, go to:
https://www.google.com/#q=EPA+OUT+TO+DESTROY+COAL+ENERGY
Bathhouse Barry, the community organizing activist, is intent in radically changing this country and green energy is neither as green as they say, nor does it give relief for Americans in heating their homes or lowering electrical energy rates, nor cheaper prices for transportation petroleum products.
Ask yourself, why keep delaying KEYSTONE XL? Why the crushing regulations against coal (wake up Senator Joe from West Virginia)? Why the delay in permits for drilling by the Interior Department on federal lands and along our coast? Why is their a continued demonetization of a 60 year old technology, fracking…(yes Andy ‘HUD’ Cuomo, choosing gambling over fracking in the economically depressed southern tier of NY)……
Ah, CAPE WIND…CAPE WIND, why shouldn’t those two connected words raise the hairs on the back of our necks?
From a month ago:
‘Cape Wind: Another Solyndra boondoggle in the making’
“For all of that, things may be about to get even worse. For almost a decade, a firm has been seeking to begin construction on one of the world’s largest wind farm projects – Cape Wind – to be built on Horseshoe Shoal in Nantucket Sound off the coast of Massachusetts at Cape Cod. The problem is that private financing just isn’t there for such an endeavor, which means private investors believe Cape Wind is a loser.”
“If Cape Wind is ever to be completed, it would produce electricity at two to three times what ratepayers are typically paying for the same energy coming from coal, natural gas and nuclear power.”
http://www.humanevents.com/2013/10/03/cape-wind-another-solyndra-boondoggle-in-the-making/
If there is ONE walkaway value here, ANYTHING that O’Bummers administration tells you is “A GOOD DEAL FOR YOU”, is a complete LIE….its a fleecing of your money, destroying the free market economic environment in this country and causing greater reliance on government.
Read the comments on the above link…
Make a difference in the 2014 midterm elections and vote out those who support this administration.