Green Jobs As a Scam

I just read this on Hot Air, its worthy of its own post, add this to the corruption associated with wind turbines and you get the picture.

Compound FDR’s failure record with Obama’s policies.

MAX SCHULTZ @ City Journal
The Green-Jobs Engine That Can’t
Inefficient eco-friendly technologies destroy more jobs than they create.

The paucity of details to date isn’t surprising. For all the talk about green-job creation, there’s an unavoidable problem with renewable-energy technologies and the policies that promote them: from an economic standpoint, they’re big losers. Renewables can’t produce the large volumes of useful, reliable energy that our economy needs at attractive prices. Government subsidizes renewables because—all things being equal—the free market won’t. In many cases, these subsidies amount to little more than welfare for companies and industries with political connections.

The green subsidies are considerable. The U.S. Energy Information Administration reported in early 2008 that the government subsidizes solar energy at $24.34 per megawatt-hour (MWh) and wind power at $23.37. Yet even with decades of these massive handouts, as well as numerous state-level mandates for utilities to use green power, wind and solar energy contribute less than one-half of 1 percent of our nation’s electricity. Compare the green energy subsidies to the energy sources reviled by environmentalists, such as natural gas (25 cents per MWh in subsidies), coal (44 cents), hydroelectricity (67 cents), and nuclear power ($1.59). With relatively little government largesse, these sources (along with oil, which undergirds transportation) do the heavy lifting in our energy economy.

The alternative technologies at the heart of Obama’s plan, relying on more such government handouts and mandates, will inevitably raise energy prices—and high power prices are job killers. Industries that make physical products, whether cars or chemicals or paper cups, are energy-intensive and will gravitate to low-energy-cost locales—which is why California and New York, with some of the highest electricity prices in the country, have lost manufacturing jobs in droves. But it’s not just manufacturers that need cheap electricity: Google, the poster child of California’s information-technology economy, houses its massive server farms not in the Golden State but in places with lower electricity costs, like North Carolina and Oregon. Policies that drive up energy costs across the nation, as Obama intends, will drive many of these jobs not elsewhere in the country but overseas.

ARGH!

maverick muse on March 15, 2009 at 8:19 AM