Steven Hayward:
If you’re a glutton for misery, no doubt you’ve heard more than a few times from the climatistas about how we need to “end fossil fuel subsidies.” Supposed subsidies for oil, natural gas, and coal are actually minuscule when calculated on a per-unit-of-energy delivered to the consumer, and has little effect on consumer prices, unlike subsidies for wind and solar power, which are yuuuge on a per-unit-of-energy delivered, and they have large market price-distorting effects for electricity. If we simply “levelized” energy subsidies on a per-unit-of-energy delivered basis, wind and solar development would halt overnight, and oil, gas, and coal production would not change a bit in output or price.
# posted by Ranger @ 7:32 PM
