The hundreds of $billions paid in subsidies to intermittent wind and solar constitute the largest wealth transfer in economic history - from unwitting power consumers and taxpayers to a cabal of rent-seeking crony capitalists. Greed and avarice drives them, aided and abetted by government mandates, diktats and decrees. Built on lies and running on subsidies, … Continue reading Grand Theft: Wind & Solar ‘Transition’ Squanders $Trillions in Taxpayers’ Cash
Category: Economics
Cash Inferno: Offshore Wind Power Fastest Way to Squander Countless $Billions
In the absence of endless subsidies and guaranteed, fixed-price contracts (set at ludicrously high prices), the purported economic case for wind power never, ever stacks up. And the metrics are far worse out at sea. Notwithstanding the $billions in subsidies - gouged from taxpayers and/or lumped on power consumers’ crushing power bills - proposed projects … Continue reading Cash Inferno: Offshore Wind Power Fastest Way to Squander Countless $Billions
Coal-Fired Power Rescues Germany From Failed Wind & Solar ‘Transition’
Germans have worked out that relying on the weather for your power has one major problem: “The Weather”. They’ve even coined a term for gloomy, windless weather - ‘dunkelflaute’ - periods of days or weeks when their more than 30,000 wind turbines and millions of solar panels produce next to nothing or nothing at all. … Continue reading Coal-Fired Power Rescues Germany From Failed Wind & Solar ‘Transition’
Crash Test Dummies: Wind Turbine Maker Siemens Suffers Massive Share Price Slump
The world’s wind turbine makers are bleeding cash; none of them are capable of turning a profit and all of them are facing financial ruin. General Electric’s renewables business blew a cool $2.2bn of shareholder value in 2022. Siemens Gamesa has axed hundreds of jobs in Europe and America. Vestas, Nordex and Enercon are also … Continue reading Crash Test Dummies: Wind Turbine Maker Siemens Suffers Massive Share Price Slump
No Deal: Aussie Farmers Reject Massive Wind & Solar Transmission Grid Rollout
The wind cultist is always ready to spear hundreds of giant 240m (787ft) industrial wind turbines into your backyard, but howls bloody outrage should the ‘favour’ look like being returned. Destroying your patch of paradise is a sacrifice that he is always willing to make. Characters like former Greens leader, Bob Brown and rent-seeking renewables lobbyist, Oliver Yates. … Continue reading No Deal: Aussie Farmers Reject Massive Wind & Solar Transmission Grid Rollout
Subsidised Wind & Solar Delivering Crushing Power Prices For Energy-Starved Californians
Looking for insight into the wind and solar ‘transition’? Then start with California - where power prices are crushing the poorest households, and blackouts and routine power rationing are now an accepted part of their attempt to run on heavily subsidised and chaotically intermittent wind and solar. Power prices, already the highest in the USA, … Continue reading Subsidised Wind & Solar Delivering Crushing Power Prices For Energy-Starved Californians
Grand Energy Deception: Unpacking The Worldwide $5 Trillion Renewable Energy Scam
The heralded wind and solar ‘transition’ has already revealed itself as among the greatest deceptions ever pulled. Harry Houdini would have been impressed with the wind and sun cult’s ability to turn night into day and twist logic and reason beyond even the most delusional imagination. As Nick Giambruno details in this punchy little essay, … Continue reading Grand Energy Deception: Unpacking The Worldwide $5 Trillion Renewable Energy Scam
Man Without A Plan: Joe Biden’s Energy Policy is Utterly Incoherent and Totally Destructive
America’s energy policy has been captured by the same class of ideologues and rent seekers, that have destroyed reliable and affordable power supplies in Europe, Australia and elsewhere. So, it’s probably not entirely fair to attribute the blame to the bumbling Joe Biden. Struggling with signs of senile dementia, on occasions, Biden gives the appearance … Continue reading Man Without A Plan: Joe Biden’s Energy Policy is Utterly Incoherent and Totally Destructive
Wind Industry’s Major Meltdown: In 2022 GE, Vestas & Siemens Energy Lost $4.6 Billion
In 2022, GE’s renewables division scorched $2 billion, Vestas vaporized $1.68 billion and Siemens Energy said goodbye to $943.48 million. It seems that it’s only the hope that governments might throw a few more taxpayer’s $billions in their direction that keeps these outfits hanging on. While that might have been a sensible tack to take … Continue reading Wind Industry’s Major Meltdown: In 2022 GE, Vestas & Siemens Energy Lost $4.6 Billion
All Downside: Energy & Mineral Hungry Wind & Solar Are Simply Not Sustainable
There is no such thing as a 'free' lunch, some one always pays. Wind and sun may be free, the occasional power they produce is anything but. The economic choices we make (and the policies that surround, support or reflect them) are driven by a simple equation: that the economic cost should be outweighed by the … Continue reading All Downside: Energy & Mineral Hungry Wind & Solar Are Simply Not Sustainable
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