The Center for American Progress (the Obama White House's unofficial think tank) argues for a federal "35 by 35" standard—mandating that 35 percent of America's energy come from renewables by 2035. This means the feds would force all utilities to generate more than a third of their electricity from renewables—a guarantee of far higher prices.But don't take Heritage and Reason Mag's word for it. Listen to the liberal El Lay Times explain a green energy fiasco right in the heart of liberal la la land:
A Heritage Foundation study found that even a scaled-down version of the plan, a 22.5 percent renewable standard by 2025, would bump household-electricity prices 36 percent and industry prices 60 percent by 2035—producing a net GDP loss of $5.2 trillion between 2012 and 2035. ( Shikha Dalmia – Global Warming by Another Name)
As head of a $5.7-billion, taxpayer-funded program to rebuild the college campuses, Eisenberg commanded attention. But his plan for energy independence was seriously flawed.
He overestimated how much power the colleges could generate. He underestimated the cost. And he poured millions of dollars into designs for projects that proved so impractical or unpopular they were never built.
These and other blunders cost nearly $10 million that could have paid for new classrooms, laboratories and other college facilities, a Times investigation found.Instead of saving an advertised millions of dollars per year, a multi-billion dollar community college green energy project ended up wasting $10 million...
Get it? They blew $6 billion, expecting energy savings. Instead, they bled out another $10 million, in addition to the existing energy costs…
Here’s the fundamental truth that destroys the green energy myth:
“But Eisenberg's enthusiasm obscured an inconvenient reality: With the technology now available, the cost of renewable power exceeds that of energy derived from burning coal and natural gas.” (El Lay Times – Grand Dream)For those who cheer on the absurd notion of government paying to create jobs… OK, why not have government blow two trillion and completely wipe out unemployment?
John Stossel – Obama’s Green Jobs Fantasy
Vincent Carroll – A Double Standard
AEI – The Myth of Green Energy Jobs
