Why Would Congress Cut a $1.6 Billion Dollar Subsidy to Wind and Still Subsidize Oil to the Tune of $40 Billion?

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It seems that every year or so a matter of national urgency comes up for debate in Congress: a rather inexpensive incentive for the critical wind industry called the production tax credit. This incentive aids an industry that creates tens of thousands of US jobs even as it helps to mitigate the ongoing climate change crisis currently impacting the United States.

In all, the production tax credit cost the US government $1.6 billion last year. It paid that money back tenfold in new jobs created and in carbon emissions prevented. In short, this small sum is helping to solve the climate change crisis that this year may cost America as much as $100 billion from combined drought and other extreme weather damages even as it helps to solve our economic crisis.

Often, wind opponents argue that if wind must receive subsidies to expand, then it is not economically viable. But considering the fact that all major energy sources receive a degree of subsidies and incentives, this argument is, in itself, nonsensical.

Oil, for example, is a major beneficiary of US subsidies. And, for years, it has operated under the illusion of being an ‘economic energy source.’ Now, a decade of high prices has made a mockery of this claim. And over the same period, more than $40 billion has been spent in subsidies and incentives for this dirty, dangerous, and depleting oil. But high oil prices have managed to ensure one thing: that oil companies themselves end up making record profits. In this case, shoveling money at already highly profitable oil is like shoveling more fuel onto a climate change fire. Onto a depleting energy source that is bound to cost more and more as the years wear on. In essence, we are spending taxpayer money to damage our economy while simultaneously enriching the companies that do so.

Republicans in Congress, who seem determined to kill this tax credit for the wind industry should think on the job losses, and the further damage to America via the vehicle of climate change, such a repeal would cause. They should think on their often hollow claims of reverence to the spirit of freedom. One they are allowing the oil barons to crush through the force of political and market dominance. These same republicans have often given lip-service to job creation. Now they have a chance to allow an actual job creation measure to pass. Given past performance, one is not too hopeful this will occur. But should they block the production tax credit, they should pay for their failure. For they would harm America’s energy security, her ability to create jobs, and the climate security which is vital to maintaining her Agricultural prominence.

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Rush, Romney in Denial over Renewable Energy

Mitt Romney, in a recent tirade against the clean energy industry, gave progressives another gift today.  “You can’t drive a car with a wind mill on it,” he said, clownishly. One wonders what Romney’s fixation with cars sporting various things strapped to the top is. I suppose the dog wasn’t enough for him and now he’s trying wind mills? If he were smart, he might have first tried a solar panel:

http://www.youtube.com/watch?v=9Jsqf5CEUI0

Behold, Romney, your worst nightmare — a solar Prius. Dog kennel not included…

Romney’s own tirade follows directly on the heels of Rush Limbaugh who, after losing many of his advertisers for his mad dog slut-shaming of Sandra Fluke, has shifted his eyes to fresh meat — the U.S. renewable energy industry. But this particular attack involves a rhetorical disappearing act.

The problem with the Volt is just like all of Obama’s green energy, there’s no business there yet. There’s no solar energy business yet. There’s no wind energy yet,” Rush said on his radio show today.

I suppose Rush missed the 50 gigawatts of wind energy capacity the US now boasts. Or, perhaps, Rush is unaware of the 5 gigawatts of solar energy systems now in place? That 71 billion dollars worth of solar power sales in 2010? Nada, according to Rush. Or the Chinese dumping of solar panels in an attempt to bankrupt a rocketing U.S. alternative energy market? Rush says it all never happened.

As for no business for the Volt — it sold more than 1000 units last month, more than the comparatively priced Corvette. Rush must also have missed the millions of hybrid electric vehicles on the road worldwide or the 150,000 all-electric vehicles now on highways in California.

It seems that Rush and Romney would both like to deny the existence of an industry that now produces more energy than all the nuclear power plants in the world. Much like climate change, they’re trying to hide something that is undeniably real with another smoke and mirrors act.

Pay no attention to the oil man behind the curtain…

http://thinkprogress.org/green/2012/03/07/439938/oil-lobby-chief-jack-gerard-uses-out-of-context-finding-to-protect-oil-subsidies/

 

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