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Post Info TOPIC: Obama green stimulus bust


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Obama green stimulus bust


More reports like this will continue to dog 'green' energy projects. 

"...With the United States left as the only major developed country still flooding the market with government funding, competition from overseas suppliers promised to be more fierce than ever, Mr. Sherraden said.

"It is impossible to guarantee that clean-energy stimulus is not leaked abroad," he said. "We have to recognize that we are funding job-creation programs in Germany, Spain, Japan and China."

Even if the green-energy funding is viewed as a long-term investment to replace dwindling reserves of oil rather than as pure economic stimulus, advocates have greatly exaggerated the benefits, said Kerry Lynch, senior fellow at the American Institute for Economic Research.

"For all the hype over wind and solar, the reality is that they contribute very little to our energy supply," she said, saying that wind accounts for less than 1 percent of total U.S. energy production and solar power for just one-tenth of 1 percent. "Together, they could power the country for all of three days a year."

Washington Times



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Bruce Behrhorst
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