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Blog

    Romney speaks out against the PTC

    07/31/2012

    The Production Tax Credit (PTC) has provided the wind industry with literally billions and billions of dollars since its inception nearly two decades ago. Yet with all the money poured into wind energy, it remains very expensive while generating only 2-3 percent of energy consumed in the United States. 

    Republican Presidential Candidate Mitt Romney, who has been silent on the issue of wind subsidizes, has come out with a statement today saying Congress should allow the PTC to expire at the end of this year. A spokesperson for the Romney campaign told the Des Moines Register, “[Romney] will allow the wind credit to expire, end the stimulus boondoggles and create a level playing field on which all sources of energy can compete on their merits.”

    Romney’s stance has upset the crony capitalists whose business models rely on government subsidies to turn a profit. Indeed, in the swing state of Iowa—a stronghold for the wind industry—Rep. Tom Latham and Sen. Chuck Grassley, both republicans from Iowa, have come out attacking Romney for his decision.

    But Romney, unlike Latham and Grassley, understands that it’s not the job of the federal government to choose winners and losers in the market. All energy companies should operate on level playing fields letting the consumer choose which economic good he wants. 

    Wind Turbine

    http://www.beaconbroadside.com/broadside/2012/07/wind-power-real-energy-real-jobs.html

    This issue of wind energy is not a republican versus democrat one. After all, it was Former President George Bush who introduced wind power as a viable source of energy as governor of Texas and who later promoted it through his Department of Energy (DOE).   

    On his campaign website Romney states the following: 

    Government has a role to play in innovation in the energy industry. History shows that the United States has moved forward in astonishing ways thanks to national investment in basic research and advanced technology. However, we should not be in the business of steering investment toward particular politically favored approaches. That is a recipe for both time and money wasted on projects that do not bring us dividends. The failure of windmills and solar plants to become economically viable or make a significant contribution to our energy supply is a prime example.   

    Despite being subsidized since the early 1990s and receiving $1.5 billion annually in tax credits, the wind industry contributes less than 3 percent of our national energy consumed and remains dependent upon government aid. The wind industry has lost 10,000 jobs since 2009 yet insists on more government help. Just a one-year extension of the PTC will cost taxpayers $4.1 billion!   

    The facts are clear and simple. Wind energy is not working. Like many other investments the government has made, it has failed. Romney recognizes this and is ready to let the PTC expire.  

    3 comments
    Albastru Voronet
    08/04/2012

    Windmills kill nearly half a million birds a year, according to a Fish and Wildlife estimate. The American Bird Conservancy projected that the number could more than double in 20 years if the administration realizes its goal for wind power. For years, the wind energy industry has had a license to kill golden eagles and lots of other migratory birds.
    Over the past two decades, the federal government has prosecuted hundreds of cases against oil and gas producers and electricity producers for violating some of America's oldest wildlife-protection laws: the Migratory Bird Treaty Act and Eagle ProtectionAct.
    But the Obama administration has never prosecuted the wind industry despite myriad examples of widespread, unpermitted bird kills by turbines.
    Last June, the Los Angeles Times reported that about 70 golden eagles are being killed per year by the wind turbines at Altamont Pass, about 20 miles east of Oakland, Calif. A 2008 study funded by the Alameda County Community Development Agency estimated that about 2,400 raptors, including burrowing owls, American kestrels, and red-tailed hawks—as well as about 7,500 other birds, nearly all of which are protected under the Migratory Bird Treaty Act—are being killed every year by the turbines at Altamont.
    So keep on pushing on this "green energy" while species are going extinct because people refuse to see the main reason why we are running out of fuel: OVERPOPULATION. We shouldn't focus on how we can rape our planet of more resources we should focus on reducing the world population and then all the problems will be solved.
    Check this out: http://www.vhemt.org/

    PR
    07/31/2012

    I think the article misses a few fundamental points. Wind power accounted for 35% of the country's new power-production capacity from 2007 to 2011, second only to natural gas. It is clearly doing some good. Think of it this way, you floor the accelerator on your Ferrari, in that first fraction of a second you still actually haven't gone anywhere. Imagine if the judges disqualified you at that point. Kind of weak analogy, but you need to look at how an energy source's adoption is accelerating. With the PTC in place it was booming like the Ferrari. Clean wind energy doubling capacity every few years and technologies coming on line to smooth out the rough aspects of wind. Wind is a success story unfolding. To hammer on its 3% of the total is misleading because in 3-4 more years, with the PTC, it would be at 6%, the DOE laid out plans for 20% by 2030. That isn't make believe, and we would all strongly benefit from it. The PTC should fade away, just not in the next 5-10 years.

    Wesley Coopersmith
    07/31/2012

    35% of new power-production isn't that encouraging when you take into account that oil, gas, and coal aren't "new" powers.
    Wind energy subsidies have been around for over 20 years so your analogy of the first fraction of a second is way off.
    18 more years to make up 20% would be $100 billion more dollars...l'm not sure if that's worth. 20% is also very wishful thinking when considering it took over 20 years to get to 3%.