BP's Tatics in Cape Vincent Ny

Sunday, February 9, 2014

Loss Of Production Tax Credits Brings Big Wind Chill To Cooling Subsidy-Dependent Market

Today from Forbs ~
The following quote by CEO of the Dallas-based Tang Energy Group Patrick Jenevein,says it all
“If our communities can’t reasonably afford to purchase and rely upon the wind power we sell, it is difficult to make a moral case for our business, let alone an economic one.” 
 Unsurprisingly, President Obama didn’t let Congress’s decision to finally end Production Tax Credits let the air out of his breezy wind power subsidy agenda. Speaking at his State of the Union address he said: “We’ve subsidized oil companies for a century. That’s long enough. It’s time to end the taxpayer giveaways to an industry that rarely has been more profitable, and double down on a clean energy industry that never has been more promising. Pass clean energy tax credits. Create these jobs.” Continue...

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