“Perverse tax incentives such as the PTC serve only as an encouragement for Colorado’s green fantasies and wind profiteers.”
Amy Oliver Cooke and Michael Sandoval write in the Pueblo Chieftain:
Colorado’s newspapers are loaded with pleas to extend the current 2.2 cents per kilowatt-hour Production Tax Credit for wind energy. With the exception of Republican Rep. Doug Lamborn, the entire Colorado congressional delegation signed a letter urging Congress to continue the PTC at a cost of $3.5 billion annually.
We disagree with the majority and wonder why Americans should subsidize Colorado’s green fantasy and a resource that is neither practical nor economically viable…
It took 8 years and two months from JFKs historic announcement of the program to “put a man on the moon and safely return him to earth” until the Apollo 11 mission took place.
In that time it was proven that space travel was possible, but not economically practical.
A main feature of that project was that it had a clear objective, at which it could only succeed or fail, and a clear deadline.
The effort to ‘green’ the world power grid has no clear objective, no clear-cut path to follow, no quantitative or qualitative measure of success, and no deadline. The fools running it will keep pouring other people’s money into it indefinitely, regardless of the lack of sucesss it has so far shown.
Frankly. I’d rather take my chances flying to the moon in a tin can built by a consortium of lowest bidders than live in a house that dares every contractor to try to milk me for every dollar they can for as long as they can.