Comment Re:What if we overcorrect? LA comparison (Score 1) 343
The market will self-correct to cheaper Solar fairly quickly, if you can provide low-cost capital in low-interest loans from part of the money we save by removing those inefficient tax subsidies for coal, oil, and gas.
Shesh, nope. First, what tax subsidies are you talking about? There is no way Coal is subsidized, nor is oil and gas. There ARE significant subsidies and tax abatements for renewable energy already. Second, The problem is the huge drop in natural gas prices due to fracking and the increased production it has made possible. Projections are clear, we will have at least a decade of natural gas prices in the current range. It is what is driving old (and newer) nuclear plants out of business and it is driving electric rates so low that renewables are simply not viable.
Handing out low cost capital to solar ventures is STUPID unless you just want to loose the money. Remember Solyndra? There is a reason this company failed and it's not just because it was mismanaged and sucked cashless by a political contributor to the party in power or under cut by manufacturing in China... Solar is simply NOT viable yet for industrial or even small scale use outside of areas that have the correct kinds of weather (even then it's all but marginal and has really long ROIs). Most of the US doesn't have the right kind of weather to make solar work, even if costs where cut in half. It's going to be cheaper to make electricity by natural gas for a LONG time, especially over solar.
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