Denmark Slashes Wind Power Subsidies to Curb Runaway Power CostsPosted: May 2, 2016
Europe’s green energy basket case is unraveling rapidly and yet the ideological push for expensive, intermittent unreliable, feel-good energy drives on, stoked by climate guilt, fear and votes.
A hastily driven green fantasy, lavishly fed with billions upon billions of dollars of other-peoples-money, in the form of massive government subsidies. Handouts without which, wind, solar and other feel-good forms of renewable (unrealiable) energy would collapse, as is happening right now in Scandinavian countries.
Green centralised planning, like central economic planning of socialist regimes gone by, has failed with truly devastating economic results…
When the wind industry and its worshippers start chanting their mantras about the ‘wonders’ of wind, it isn’t long before they start preaching about the examples purportedly set by the Europeans; and, in particular, the Nordic nations.
That the great wind power fraud was driven by Denmark’s struggling turbine maker, Vestas probably has a fair bit to do with the worshippers’ fanatic-cult-like veneration of Scandinavia.
But, hold the phone?
It seems that economics works in precisely the same fashion in Denmark, Sweden, Finland and Norway, as just about everywhere else (save Cuba and North Korea, say?).
When you’re trying to sell a ‘product’ with NO commercial value, the ‘business’ – for want of a better word – can only be about what you can extract from gullible/compliant governments (and unwitting power consumers), in the form of massive and endless subsidies.
Now, in the wind industry’s heartland, the Danes…
View original post 2,104 more words