Jump to content


Wind Power: Absurd "Fairy Tale"

  • Please log in to reply
15 replies to this topic

#11 Rogerdodger



  • TT Member*
  • 24,660 posts

Posted 17 April 2012 - 11:11 PM

As speculators in oil are demonized,

Wind industry lost 10k jobs since 2009...
The promise to create millions of so-called "green jobs" has been a colossal and expensive failure.

Edited by Rogerdodger, 17 April 2012 - 11:16 PM.

#12 stocks



  • Traders-Talk User
  • 4,444 posts

Posted 29 October 2014 - 07:12 AM

The Production Tax Credit is a federal program that provides billions of dollars annually to subsidize renewable energy facilities such as wind farms.

Generally speaking a clean technology facility receives a tax credit for 10 years after the date the facility is placed in service with the tax credit amount ranging from $0.23 per kilowatt-hour (kWh) for wind to $0.011 per kWh for qualified hydroelectric.

Rep. Mike Pompeo, (R-Kan.):

“We offer our full support of the current process undertaken by the House Committee on Ways and Means that will allow the most anti-competitive and economically harmful tax provisions, specifically the wind energy production tax credit (PTC), to expire. Ensuring that our nation’s patchwork tax code undergoes significant reform is a noble goal and, as part of this process, we believe Congress should stop picking winners and losers and finally end the wind PTC.”

Warren Buffet:

"I will do anything that is basically covered by the law to reduce Berkshire's tax rate. For example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit."

The outcome of the elections remain far from certain as does the fate of the PTC under any election outcome scenario and Washington D.C.’s capacity for cronyism should never be underestimated.


-- -

Defenders of the status quo are always stronger than reformers seeking change, 
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.

#13 *JB*



  • Traders-Talk User
  • 915 posts

Posted 17 November 2014 - 03:17 PM

Patrick Moore: Greenpeace Founder Questions Windfarms

The industry is a destroyer of wealth and negative to the economy.

Moore, who now refers to himself as the “sensible environmentalist,'' said the solar bubble has burst and thinks the wind bubble is about to burst.

“They are ridiculously expensive and don't work half the time,'' he said. “And no matter how many are built, they won’t replace coal, gas or hydro or nuclear plants, because they are continuous and wind is not always reliable.''

Moore told his audience the wind energy industry in Spain has resulted in a 30% unemployment rate among people under the age of 30.


The above a very true, but steps are possible to improve the integration of alternatives into the grid -- batteries have been deemed as far too expensive to use, until "MAYBE" the near future.

My goal has ALWAYS been energy independence for the US for all the obvious reasons. I've been following ALL aspects of energy production for many years. Batteries (using known technology) for electric cars are not be scalable due to the scarcity- of rare earths required. (also who controls the vast majorty of what is minable).

Below may be a step forward for the grid, however.

""Oncor, which runs Texas’ largest power line network, is willing to bet battery technology is ready for wide-scale deployment across the grid.

In a move that stands to radically shift the dynamics of the industry, Oncor is set to announce Monday that it is prepared to invest more than $2 billion to store electricity in thousands of batteries across North and West Texas beginning in 2018.

Utility-scale batteries have been a holy grail within the energy sector for years. With enough storage space, surplus electricity can be generated at night, when plants usually sit idle, to be used the next day, when demand is highest. Power outages would become less frequent. Wind and solar power, susceptible to weather conditions, could be built on a larger scale.""

"Don't think...LOOK!"
Carl Swenlin, founder of Decision Point and original Fearless Forecasters board.

#14 stocks



  • Traders-Talk User
  • 4,444 posts

Posted 24 December 2018 - 01:39 PM

Virginia Governor Ralph Northam and the Republican controlled legislature have approved Dominion Energy plans to install two Washington Monument-high wind turbines off the Norfolk coast.    https://wattsupwitht...-energy-policy/


Virginians will pay 78¢/kilowatt-hour for their intermittent electricity. That’s 26 times the 3¢ per kWh wholesale price for coal, gas, hydroelectric or nuclear electricity in Virginia; almost nine times the household price. 


Each of these monster wind turbines needs about 800 pounds of neodymium, 130 pounds of dysprosium, other rare earth elements, and tons of iron, copper, concrete, petroleum composites and other metals and materials. Replacing coal or gas backup units with huge rechargeable battery arrays requires lanthanum, rare earth alloys, lithium, nickel, cadmium and assorted other metals – in massive quantities.


Many of those metals come primarily from China, the Democratic Republic of Congo and other places where child labor is common, adults earn a few dollars a day, and health, safety and environmental rules are all but nonexistent. They’re the renewable energy equivalent of “blood diamonds” and slave labor.

-- -

Defenders of the status quo are always stronger than reformers seeking change, 
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.

#15 MaryAM



  • Traders-Talk User
  • 1,175 posts

Posted 24 December 2018 - 04:49 PM

The utilities studied wind power 25 years ago. No way. Could not produce enough energy and cost more to build than it generates and needs constant maintenance. Good old oil fired (bunker c) boilers are still the best. Nuclear was a bust also.

#16 diogenes227



  • TT Patron+
  • 4,865 posts

Posted 27 December 2018 - 11:48 AM

What about charcoal briquets?  Those nubbins could power Los Angeles in the future and they'd be a recycle of spent fuel.

"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”


"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."