Comment Re:Problem? (Score 1) 644
When you consider how much we spent to protect our oil interests (about 2 Trillion dollars since 2006), the real cost of oil is grossly subsidized.
I agree with you on that particular company. It's much better to offer tax credits and tax deductions to encourage solar.
Alternative and Oil have a feedback loop which makes it difficult to get alternative energy going.
The more effective alternative energy is-- the cheaper oil is. You shave 10% off the demand curve for oil, you lower the price of oil.
But the price of alternative energy is dropping quickly now. It's still too high. A $1200 investment will net you $36 per year of electricity. You'd be better off putting the money in coca cola stock and using the dividend to pay your electricity while getting capital appreciation.
But only one order of magnitude away... $120 investment for $36 per year of electricity. That's going to happen sometime in the next 10-15 years. The new solar material are lighter, less expensive to install as well.
Fox news pretty much sucks. I use a lot of news sources. I used to use Fox fairly frequently but they were really atrocious about rationalizing rather than being rational so I've mostly dropped them.