One European business leader summed up European’s dire energy situation this way: “I can see green taxes, I can see no shale gas, I can see closure of nuclear, I can see manufacturing being driven away. I can see the competition authorities in Brussels blissfully unaware of the tsunami of imported product heading this way and standing blindly in the way of sensible restructuring . . . It’s not looking good for Europe, we are rabbits caught in the headlights, and we have got our trousers down.”…
Almost all of the power produced in Ohio (96 percent)18 comes from conventional and low-
cost sources – coal, natural gas, and nuclear. Ohio is also a major manufacturing state – the manufacturing sector alone represents 17 percent of Ohio’s GDP, generates more than 660,000 jobs, and chips in $36 billion in labor income.19 Ohio generated $576 billion in GDP in 201420,had nearly 5.4 million people employed, and had an unemployment rate of 5.7 percent, below the national average of 6.2 percent.21
Ohio’s economy is on track to continue its growth, with significant growth coming from oil and natural gas development, including from unconventional sources.22 Under European-style energy policies that make fossil fuels more expensive and/or harder to produce, Ohio households and businesses would suffer major economic impacts.
Those impacts start with jobs: under this new pricing regime, Ohio would lose more than 187,000 jobs, and $8.2 billion in wages being paid out to Ohio workers today would also be eliminated. All told, the state’s annual economic output would decline by a staggering $14.8 billion. Our analysis of energy price increase impacts to Ohio (including the extra $5,000 that Ohio households would have to pay for their energy, over and above what they already pay today) is represented in Table 18.
As with the other states we analyzed, we examined what the potential economic value at risk would be for the top 25 energy-intensive industries in Ohio. Similar in many ways to the industrial profile on display in Michigan, Ohio’s economy would stand to lose more than 512,000 jobs if EU energy prices became the norm there. Those lost jobs put nearly $30 billion in wages at risk, and have the potential to deprive Ohioans of more than $57 billion in annual state GDP.
One segment worth noting in Ohio is its iron and steel manufacturing sector, which contributes
$2.2 billion in direct GDP to the state. If energy prices were to rise to European levels, this sector could be at risk (i.e., the industry may stop or move production elsewhere). Because of the ripple effect, the total economic value at risk increases to $5.8 billion. Table 19 shows the economic value at risk for Ohio’s top 25 energy-intensive industry sectors….
Do you wonder what other states are doing to fight BigWind? It is a growing list of actions that have been taken to protect individuals and communities. Please click the link, below and view the spreadsheet and see if there has been an action that could help you!!!
An interesting addition to our post from 2 days ago…we posted a video of a noisy turbine that is affecting a household in Van Wert, Ohio. Iberdrola developed this industrial wind site LESS than 6 years ago and we have repeatedly blogged about developers SELLING their sites BEFORE the 10 year mark, due to maintenance issues and the end of the PTC $ at the 10 year mark. Iberdrola has LEFT THE VAN WERT AREA and sold/merged the project! This household has been UNable to get through the telephone line of the ‘new’ BigWind company that is ‘supposed’ to be operating the site!!! Don’t let this happen to your neighborhood!!!
We have been watching Apex, since they purchased the leases for southern Van Wert county. Their plans are now official and stated on the website. A new office has been opened in Ohio City. What will the Van Wert county commissioners say this time? Despite complaints from farmers and townships, the commissioners only see $$$. May we remind you where all of the $$$ comes from….our pockets! Hundreds of millions of taxpayer $ will be given for the building of this project and it will produce less than a dozen long-term jobs. But, Apex will throw $ back to the leasing farmers and the county….pocket change for them. Why should YOURS and MY tax$ fund their project? It will also produce far LESS energy than they tell us! How do we know this? Because it is public information how much electrical energy wind sites produce and Van Wert county has dismal, pathetic results. These sites will never replace the energy we can produce from a coal, nuclear or natural gas plant. NEVER.
Apex Clean Energy has acquired the development rights for and is exploring the feasibility of constructing Long Prairie Wind, a wind energy project in rural southern Van Wert County, Ohio….
Source: Long Prairie Wind
At the federal level, there is still much debate about legislation to extend a number of expired tax provisions like the Production Tax Credit. This gets very complicated because a Senator like Ohio’s Rob Portman, who opposes extension of the PTC, may vote in favor of a different bill that is important to him but that bill might have the PTC extension tacked on to it. It does not mean that Portman supports the PTC. This is exactly what happened recently and the wind developers are busy trying to mislead the public – again – that there is support for the PTC. In fact, Iberdrola wrote a letter to the Editor of the newspaper in Van Wert congratulating him on his vote in support of the PTC. This is a lie and they know it but, factually, Portman did vote for a bill that had the extension of the wind subsidy tacked on. Last week, Portman had an opportunity to vote on a procedural bill that prevented the renewal of the PTC and did so. It is complicated but the wind industry assumes we are too stupid to figure it out. Letters to the Editor thanking Portman for his stand against renewal of the Production Tax Credit would be helpful in every local paper. Letters to the Editor do find their way to the Senator’s attention. Does Iberdrola really believe this tactic will HELP them reach Senator Portman? Odd strategy….
Thank you to Ohio U.S. Senators Sherrod Brown and Rob Portman for looking out for Ohioans’ jobs by voting for the renewal of the Production Tax Credit (PTC) for wind energy….