Although wind and solar proponents still claim costs are falling, the reality is the opposite. Offshore wind developers, especially, are clamoring to renegotiate contracts they signed previously, including guaranteed price adjustments for increasing costs, and relaxing the domestic content requirement so they can claim the additional 10% ITC.
Despite spiraling deficits – almost $2 trillion in the fiscal year that ended this past October – green energy subsidies will be financed with still more government debt. With the increase in interest rates to normal levels, financing costs will soar, adding an estimated $500 to $800 billion to the bill costs, almost as much as the subsidies themselves.
I don’t believe this. Green energy is “cheap” and “unlimited” and I cannot be convinced otherwise.
Why are literally every single one of your Lemmy comments about oil or green energy? Do you really expect people to believe that you’re being genuine with any of this, especially with this half-assed non-reply to such a lengthy comment?
I’m interested in energy in general. Seems like you picked up on that. It’s a complex topic that combines physics, chemistry, economics, politics, and our ecosystem.
When replying to others on Lemmy, it’s good to get to the point or have a TLDR. Seems like you picked up on my tendency to do others this favor as well.
Frankly, I don’t care what people think of me or if they think I’m genuine. I derive my sense of self and esteem from my self. With that said, I enjoyed chatting with the other Lemmy. Hope they did too