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It is Rhode Island regulators rejected a proposal -- -- -- wind farm.
When they found out that it would cost twice as much as electricity from regular fossil fuel sources twice as much.
Robert -- a senior fellow with the Manhattan institute he's the author of how hungry in the midst of green energy in the real fuels -- future he joins us now Robert welcome back to the program.
I thank you good morning Stuart would it be true decide that consumers say no thanks to wind power generated electricity when it costs more than it costs already from existing -- Well I think what we're seeing and in the Rhode Island case is really not surprising at all.
The hard economics of -- hander finally colliding with a high and as the regulators in Rhode Island decided they said.
This is far too expensive and it doesn't make any economic sense and I think that as these as these kind of situations play out both with offshore wind and onshore wind.
I think this kind of move is going to be more -- -- what why doesn't it woke financially.
Why was the cost twice what it would've been from existing energy sources.
Well the offshore situation Stewart is special because everything having to do.
It doesn't matter -- -- about offshore oil and gas exploration and production.
Or offshore wind or any other kind of offshore activity.
When you get boats involved and ropes and all the other things that are involved and offshore the price is just go up dramatically good but I think it's important to understand though that.
This is not just offshore both the entered International Energy Agency and the US Energy Information Administration.
Have compared onshore wind energy prices with conventional generation and found that onshore wind is significantly more expensive than every other form.
We'll do what are we going -- the president says we've got to get away from fossil fuels are gonna go towards Seoul and wind power.
-- telling us it's always going to be very very expensive then it just doesn't want we'll have.
What will absolutely everything that -- -- two key problems here with the wind energy business.
It's incurable -- intermittent you can't it we can't -- forecast when the wind is gonna blow and when it won't.
And it peaks and provides power at the wrong time of day it -- and it at night when most people are sleeping and not an electricity demand -- be as low.
So that means we necessarily have to back it up all the time with conventional forms of generation which also means by the way here's a great irony.
Higher CO2 emissions.
Okay after another well -- got another sign -- I -- in that -- Stewart and nobody felt that it just that would constantly told -- environmentalists.
And all we've got to go to win pound gonna go to win out that's the way of the future.
You're telling us injured Justin is not going to what's on and off financially it.
It is very interesting stuff.
Robert Bryce thank very much.
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