Over at the Manhattan Contrarian, Francis Menton points out the limitations of renewable energy. It’s a great read! Here’s the introductory paragraph:
In the field of litigation settlements, people sometimes talk about a “win, win” scenario — a settlement structure where both sides can get some advantage and simultaneously claim victory. By that criterion, what is “green” energy (aka intermittent wind and solar power)? The public pays hundreds of billions of dollars of subsidies to get the things built, and in return it gets: sudden shortages and soaring prices for coal, oil, gas and electricity; and dramatically reduced reliability of the electrical grid, leading to periodic blackouts and risks of many more of same; and despite it all fossil fuel use doesn’t go down. It’s a “lose, lose, lose.”