The Energy Information Administration estimates that new natural gas-fired plants will create electricity at a cost of $63.10 per megawatt hour, compared to the Administration's "green" favorites, offshore wind and solar thermal plants—like the one in Nevada funded yesterday—which cost $243.20 and $311.80.Meanwhile millions of homeowners are looking toward a very cold winter with trepidation. They won't be able to afford to heat their homes, what with skyrocketing utility bills.
Even if you believe in the "green job" mantra, here's some more math: Yesterday's $737 million loan guarantee to Tonopah Solar Energy will create "600 construction jobs and 45 permanent jobs," according to the company. The $337 million loan guarantee to Sempra Energy "will fund up to 300 construction jobs." That's $1.1 billion for 45 permanent jobs.
By comparison, the proposed Keystone XL pipeline to carry crude oil from Western Canada to refineries on the U.S. Gulf Coast would create some 13,000 union jobs and around 118,000 "spin-off" jobs—if the U.S. State Department ever gets around to approving it. And taxpayers wouldn't have to risk a dime. (source)
Yet off the government goes, "investing" in technologies that will send those heating bills through the stratosphere. All the while, that same government - whose face will be Obama's - will shed tears over the growing plight of America's poor and underprivileged.
This has to stop.
These people have to be stopped.
We're heading toward cataclysm.
Do they not care?