Monopoly Utilities Neglect To Mention Billions In Fossil Fuel Subsidies
After all these many years should fossil fuels not be standing on their own? Why are they getting a single penny of support? Why are coal and oil not paying their external costs? Why is oil not paying for our three oil wars? Wind and solar are emerging technologies. Our subsidy programs have been wildly successful bringing the cost of wind power down from 38 cents per kWh to around 5 cents. Approaching an 8x price drop. The cost of solar panels has fallen from well over $100/W to under $1/W, a 100x price drop. The money we are spending on renewables is paying off spectacularly. If you want to worry about tax dollars, worry about the money we are wasting on coal and oil. Worry about what we are doing to our country and the world by continuing to use fossil fuels. That is leading us to debts that may be impossible to pay.