Friday, October 17, 2008

Wind subsidy may mean service cuts, more taxes

Cumberland Times-News - Wind subsidy may mean service cuts, more taxes

How do wind energy amusement parks benefit the rich at the expense of everyone else? A good question, as we reel from the Wall Street welfare bailout. Let’s follow the money. On a kilowatt-hour basis, wind is by far the most heavily subsidized source of power, receiving 25 times more than coal, hydro and natural gas and 16 times more than nuclear, despite not producing any capacity value, unlike the rest.

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