Big Wind, I call your bluff – go ahead and stand w/o the PTC!

Comparing Wind-to-Coal is like comparing an Energy Bar-to-Candy Bar for exercising…one gives you an extended supply of energy, where the other allows you to crash and burn in a short time.  Coal provides us with a consistent, stable energy source, but wind is on/off and as our EPA policies decimate the coal industry, blackouts/grid problems will follow. Just notice how this article makes reference to the “new wind capacity in x GW”, but there is no reference to how much power will ACTUALLY be produced. I would LOVE to see Kiernan’s quote (below) come true! Funny how he makes reference to “all the subsidies from EVERY energy source” though, since wind receive substantially more subsidies (than EVERY other producer) per unit of energy produced! And don’t forget the local tax abatements, aka PILOTS and other goodies that we throw their way. Buffett’s decision doesn’t show that wind power rivals coal, it only shows that he knows that this administration has “dug in its heels” to make sure that coal, oil and and natural gas are being demonized. He will make a few bucks here and then dump them fast if/when some common sense prevails again someday…

Wind is the cheapest source of power in Iowa, and the deal indicates that turbines are becoming profitable without subsidies, according to Tom Kiernan, chief executive officer of the American WindEnergy Association trade group. That’s a boost for suppliers including Siemens, General Electric Co. and Vestas Wind Systems A/S, and a threat to coal miners such as Peabody Energy Corp.“If Congress were to remove all the subsidies from every energy source, the wind industry can compete on its own,” Kiernan said at a press conference at a Siemens factory in Fort Madison, Iowa, yesterday, when the order was announced.

via Buffett’s $1 Billion Order Shows Wind Power Rivals Coal.

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