The Death of the Green Energy Movement
Date: Tuesday, May 19, 2015 @ 01:26:31 UTC
Topic: Testimonials
From The Daily Signal: The Death of the Green Energy Movement by Stephen Moore
The green energy movement in America is dead. May it rest in peace. No, a majority of American energy over the next 20 years is not going to come from windmills and solar panels. One important lesson to be learned from the green energy fad’s rapid and expensive demise is that central planning doesn’t work.
What crushed green energy was the boom in shale oil and gas along with the steep decline in the price of fossil fuel that few saw coming just a few years ago.
A new International Energy Agency report concedes that green energy
is in fast retreat and is getting crushed by “the recent drop in fossil
fuel prices.” It finds that the huge price advantage for oil and natural
gas means “fossil plants still dominate recent (electric power)
capacity additions.”
This wasn’t supposed to happen....
Full article: http://dailysignal.com/2015/05/08/the-death-of-the-green-energy-movement/
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