07 Jul '12, 12am

FreedomWorks Fails Basic Math And Economics To Smear Renewable Energy Investments

The problem with FreedomWorks’ argument is that the free market doesn’t actually exist in the energy industry. By definition , a “free market” is one that operates without any interference or aid from the government. Since all forms of energy are receiving subsidies of some form or fashion, and all are regulated in some way, the “free market” principles do not apply to the industry. Furthermore, Coopersmith’s claim that the “basic” laws of supply and demand are to blame for the failure of renewable energy programs is preposterous. He tells us that there is a lack of demand, when really there is a lack of supply. Sure, there are plenty of renewable energy projects and companies pumping out solar, wind, geothermal, and other clean forms of energy – the problem is that there is no infrastructure to bring these energy sources to the mass market . In order to have a truly capit...

Full article: http://www.desmogblog.com/freedomworks-fails-basic-math-a...

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