Wicked Waste: Nothing to Show From $3.8 Trillion Squandered On Intermittent Wind & Solar

The wild claims about wind and solar replacing, coal, gas and nuclear power don’t stand first contact with reality.

Over the last 20 years, trillions of dollars have been squandered on subsidies, tax breaks, mandates, penalties, and other state-directed efforts to make chaotically intermittent wind and solar serious contenders on the world energy scene. Their combined contribution to world energy demand remains thoroughly underwhelming, as John Hinderaker highlights below.

$3.8 Trillion for Essentially Nothing
Powerline
John Hinderaker
26 October 2022

Jeff Currie, who is Global Head of Commodities Research for Goldman Sachs, describes the utter futility of “green” energy:

Here’s a stat for you, as of January of this year. At the end of last year, overall, fossil fuels represented 81 percent of overall energy consumption. Ten years ago, they were at 82. So though, all of that investment in renewables, you’re talking about $3.8 trillion, let me repeat that $3.8 trillion of investment in renewables moved fossil fuel consumption from 82 to 81 percent, of the overall energy consumption. But you know, given the recent events and what’s happened with the loss of gas and replacing it with coal, that number is likely above 82.

So, in other words, $3.8 trillion in dead economic loss. Currie adds this, which I don’t agree with:

The net of it is clearly we haven’t made any progress.

By progress, he means progress in replacing fossil fuels with wind and solar. But I don’t call that progress, I call it regression, along the lines of: “What did socialists use for light, before candles? Electricity.” Wind and solar have both been obsolete for a long time, and happily, no “transition” to those inadequate energy sources is occurring, nor will it ever.

Finally, given the total absence of the allegedly intended impact of spending on wind and solar, how in the world has $3.8 trillion (and counting) gone up in smoke? Easy: enormous amounts of money have been made by a small number of people, at the expense of the rest of us. And those people have shared a small share of their ill-gotten gains with politicians.
Powerline

Easy come, easy go.

6 thoughts on “Wicked Waste: Nothing to Show From $3.8 Trillion Squandered On Intermittent Wind & Solar

  1. Humans used to read and find “evidence” for the ideas they used to implement – now they are unable to read and do not believe in evidence and so DREAM UP all sorts of “nightmares” for us all and expect us to be able to heat and run machines on breezes and sunshine?? GOD HELP US ALL – we will be living in holes in the ground next while our cities and houses rot as we forget why we built them !!! GOING BACKWARDS !!!!!

  2. All over the world, more and more wildfires!burning houses and killing people. Fake solar panels are dangerous, electrical equipment begin autoignition
    when sunshine. I have to join NFPA and IAAI,try to avoid more loss.
    Diesel emission door fraud only pollutes the environment, but low-quality electrical appliances will bring danger to personal and property safety!
    more chinese become richer。

  3. UN Secretary-General António Manuel de Oliveira Guterres must have read STTs 22/11/08 post as he used the AC/DC song title ‘Highway to Hell’ in a COP27 speech. Regardless of whatever he meant, the hell is in all the subsidies & resource depletion.

    Using all the graphs, charts & info from STT over the years, some from electricity suppliers own records, RE cannot, will not, & can never work, other than to transfer money into already rich peoples pockets; as it is designed to do.
    It is known that as long as the working class continue to be manipulated into fighting among themselves, nothing will change in the common two party so-called democratic political system. The system controlling the parties work for their overlords & always was intended to.

    How brainwashing it is to have young kids packing short life rechargeable battery solar powered lights so kids in 3rd world countries can be ‘educated’. The Gadget Man can make an unlimited light source from a couple of old broken cone speakers based on their magnets.
    Take a good look at the standard for working class in 1st world countries where bosses have been holding hands with Unions to make workers accept low conditions for years. Many seem to forget their roots.

    Nothing RE can do will stop sea level rise continuing for the final end of the last Ice Age. How will polar bears, penguins, whales & krill be saved? Putting more into the ocean adding to land erosion is as stupid as King Canute trying to hold back the tide. What is so difficult to understand about water displacement?
    So the UN et al., are the new lunatics & standing as bare faced false as the Emperor’s New Clothes.
    The ancient historical lineage is indisputable in the Judaeo-Cristian tradition!

    Any politician/others who say their religious moral guidance does not interfere with their public decisions are admitting their religion isn’t worth a tinker’s cuss.

    1. power come from sunshine! Electrical power is energy like fire 🔥, a dangerous thing. More solar panels means more Unexpired cigarette butts,fire resources. Can the 🔥 be used to cooking?
      Spend so much electricity to get nothing!
      When you try to ask, they tell you with out sunshine 🌞

      1. Because electricity is invisible, I want to use flame to describe electricity, because they have the same characteristics: danger!

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