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Heritage Foundation Energy Analyst David Kreutzer on the government’s spending on green energy.
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-- -- -- Anyway here's the problem.
We've got this whole energy thing backwards the president touting how much -- spending on alternative energy subsidies.
But not whether he's getting any results from these subsidies and narratives is -- that crisis.
You know were brought about the wrong stuff army -- Yeah you wanna what's the deal here you think that the energy of the future would be cheaper more reliable.
And instead it's it's more expensive and less reliable we have decades and we spent tens of billions of dollars on wind and solar.
And they still can't compete head to head with conventional fuels so what's the point well I guess what I wonder is when you say.
Your bragging about how much you're spending.
And kind of two point what you're getting then these things that you bragging about the wrong thing.
Yeah you know it's got a lot of -- to go talk to the people whose -- getting the money.
What about the taxpayers on the ratepayers we should be seeing energy prices go down but were not so sure and it's a lot of fun if you're the one that's getting everybody else's funds.
But though overalls a bad idea what we're we're we're subsidizing.
Overly costly on reliable energy sources you know what -- Worries us is David is that that you don't numbers can be funny things you could talk about it they had an energy advocate on Fox News earlier today from -- -- we have doubled.
The return also -- wind investment in other words how much energy were getting from went.
And when I got into the numbers themselves -- realize they're a little bit more than 2% of those we've gone for a little bit more than what presented to present.
We are still getting our energy from 98% of other sources so.
We gotta be careful bragging about these.
Yeah yeah if you going from a very very low base you can have phenomenal growth rates and still not get anywhere.
Com but the main thing -- why can't compete yet that means it's too expensive we're putting money after somebody that's too expensive we see -- other cases -- Solyndra -- the investment is just horrible.
I'll let let the people make their own choices on this don't have Washington DC decide where I have to send my money all right now -- lose here from environmental -- those.
-- these initiatives that China is doing it -- he is doing it they're committed to this is a great Vista this future that we are not.
We're gonna be at a competitive advantage because we are not -- -- that.
Yeah every couple weeks they have to change the role models person -- -- -- -- is going broke.
And it was Germany -- Germany's backing off their subsidies that that nobody can afford to do this -- it's -- to scale up even had a few percent.
And they have trouble integrating yet another -- -- China well China it's producing these solar panels along before buying and we -- I am gonna quit producing and they don't want to much of it there.
You know why it was.
Look at these alternative energies and I'm all for exploiting you want what the private market decide but it if the government asked to be in the -- compelling you to like something.
-- I don't like that and it's why I'm not for oil subsidies are not for subsidies anyone I just think let the market decide.
Whether this technology this route is the way to go.
I agree we do 100% and we see that around the world.
Conventional fuels have been successful without subsidies -- -- successful here they pay taxes here.
On the those wind and solar and -- some isolated cases where there's no power lines and thereby they're okay but we don't need to have Washington DC compelling us to make investments compelling used to buy stuff is too expensive.
-- we'll David -- equates a month's sense of please don't do that god -- in -- sterilizing -- having my front but.
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