The Financial Impact on You of Renewable Energy

Some may wonder why we would be posting a story about renewable energy on a site that is dedicated to Investor Education for Main Street America. It is precisely because there is a huge financial impact on Main Street America if we continue down the current path of forcing the consumption of energy that is scarce, unreliable and expensive. Unfortunately, in the current environment in America, if you are to watch out for your own pocketbook, you have to engage with politicians – otherwise they will pick you pocket clean. Some would say this has always been the case. I say the problem has multiplied in recent years and citizens who want a financially secure and reasonable future must take action to reverse the direction this country is headed in regard to energy, environmentalism and “green jobs” (read temporary jobs). What follows is an analysis of potential new legislation that will cost us all dearly if enacted. Read on…

Renewable Energy: Free as the Wind?

The Senate Committee on Energy and Natural Resources met this morning and, among other things, discussed a national renewable electricity standard (RES). The RES, which mandates that a certain percentage of our nation’s electricity production come from wind, solar, biomass and other renewable energies, already passed out of committee but is likely to be a part of any energy agenda this year. A new Heritage Foundation study analyzing the costs of an RES finds that a national mandate for pricier, less reliable electricity would be harmful to American families, American businesses and the American economy.

Heritage analysis on Renewable Energy

The Heritage analysis models the effects of an RES that starts at 3 percent for 2012 and rises by 1.5 percent per year. This profile mandates a minimum of 15 percent renewable electricity by 2020, a minimum of 22.5 percent by 2025, and a minimum of 37.5 percent by 2035. It looks solely at onshore wind, which is currently the cheapest renewable energy source that can be scaled in significant fashion…

For the full article, go to Renewable Energy: Free as the Wind?

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