Ed Markey, lawmakers rake in Cape Wind dollars “It just doesn’t smell right,”
Cape Wind executives and lobbyists have poured hundreds of thousands of dollars since last year into the campaign coffers of key lawmakers — including more than $50,000 to U.S. Sen. Edward J. Markey — as developers of the controversial offshore wind farm seek nearly $1.3 billion in federal cash and loan guarantees, a Herald review found. Read more here 09:29
“Doesn’t smell right” when it comes to the crony capitalism surrounding wind energy? I believe you were being polite here Bore Head… in reality, “it stinks to the high heavens!”
To wit: “The developer is now seeking
an investment tax credit that would pay up to one-third of the project costs —
or $780 million — plus a $500 million loan guarantee from the DOE, which means the federal government would assume the debt if Cape Wind fails.”
Look at the list of congressional names here…notice to which party they belong to….yes President Zero’s party.
Fishermen, we have heard the lies, the promises and the pillow talk from these politicians on how they are here to help us. The only ones that they seem to be helping, is themselves and their
campaign war chest. Why would ANY politician support this type of energy
product when the end result, is the price you pay skyrocketing?
From Forbes and mind you that this is wind energy on land, not from wind farms on the water:
“A newly published paper by the American Wind Energy Association
illustrates that electricity prices are rising more than four times the
national average in nine of the 11 states with the most wind power consumption.
http://www.forbes.com/sites/jamestaylor/2014/02/27/wind-industry-study-electricity-prices-skyrocketing-in-largest-wind-power-states/
Even the progressive LA TIMES
noted last month:
‘U.S. electricity prices may be going up for good’ – “One recent study predicts the cost of electricity in California alone could jump 47% over the next 16 years, in part because of the state’s shift toward more expensive renewable energy.”
http://www.latimes.com/nation/la-na-power-prices-20140426-story.html#page=1
One has to realize that the costs of not only constructing, but the support system need to maintain wind farms on the ocean, will continually drive up the costs that the rate payer will have to bear with their monthly electric bill.
Come this November, vote in people
who will not support the crony capitalism which seems to be rampant
throughout the halls of congress….and let’s get the KEYSTONE XL project approved!
We should require the Congressman behind this Wind Mill farce to where Beanies w/ Pinwheels on their Heads. With the amount of Wind being generated down there. They should be able to power there Offices.