Crush Liberalism

Liberalism: Why think when you can “feel”?

Spain stops wasteful subsidies of green energy. In related news, green energy industry collapses in Spain.

Well, isn’t that strange?  It’s almost as if an idea that couldn’t be sustained by the free market was doomed to failure…almost, that is.  Details:

Saddled with a budget deficit more than twice the European Union limit and a ballooning gap between income and costs in its power system, Spain halted subsidies for new renewable-energy projects in January. The surprise move by Prime Minister Mariano Rajoy one month after taking office helped pierce investor confidence in stable aid for clean energy acrossEurope.

“They destroyed the Spanish market overnight with the moratorium,” European Wind Energy Association Chief Executive Officer Christian Kjaer said in an interview. “The wider implication of this is that if Spanish politicians can do that, probably most European politicians can do that.”

Spain’s $69 billion of investment in power capacity from 2004 to 2011 was about triple the spending per capita in the U.S. in that period, according to Bloomberg New Energy Finance data and U.S. Census Bureau population estimates. Most of the 2012-2013 spending will be for the legacy of projects approved before the aid cuts to wind, solar, biomass and co-generation. …

Investment in solar photovoltaic alone is headed to skid to as little as $107 million in 2013 from $879 million this year and $1.5 billion last year, New Energy Finance estimated. For new wind projects, investment should plunge to $963 million in 2013 and $244 million in 2014 from $2 billion this year.

Listen, I’d love nothing more than to flush oil for good.  But until the free market can determine how to make alternative energy widely available and inexpensive, I want my gas, and I want it cheap.

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May 30, 2012 - Posted by | big government, economic ignorance, environuts, Euros

2 Comments »

  1. You know…it is ALMOST as if simply DESIRING that a concept be true just isn’t enough! As if the obvious fact that there is no market for this stuff yet and simply WISHING that such forms of energy was easily created and distributed doesn’t REALLY change anything….Almost, that is.
    The Left’s answer: “But it OUGHT to be so, therefore, we proclaim it to be so!!”
    Real world response: chirp…chirp…chirp (crickets).

    Comment by Kevin | May 30, 2012

  2. Al Gore must be laughing his a** off right now. Him and his “little” buddy, Michael Moore!

    Comment by tnjack | May 31, 2012


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