John Hinderaker:
This is all sheer fantasy, with one exception: the need for a “strategic reserve” of natural gas, although five percent is no doubt much too low. Why is that “strategic reserve” necessary? Because, no matter how much you spend, there will always be times—frequent times, in fact—when the wind doesn’t blow and the Sun doesn’t shine. So a reliable energy source will always be needed.
The financial numbers currently being bandied about in Great Britain are scarcely more realistic than the fantasy calculations upon which the “green revolution” was launched, years ago. The brutal reality is that no government can subsidize lousy sources of energy like wind and solar enough to make them viable.
If so much wealth were not being destroyed, it would be rather entertaining to see the entire “green” energy enterprise collapse before our eyes.
# posted by Ranger @ 8:28 PM
