Real energy pipelines are a better bet than green pipe dreams
The “peak oil” scare has long been used as an excuse for alternative-energy providers to demand government subsidies. We are told that oil production will reach a zenith and the wells will run dry any day now, so failure to provide billions in handouts to the providers of other fuels would be irresponsible. Forget peak oil – the world may be on the verge of peak renewables.
The much-hyped intermittent energy sources such as solar and wind have proved so expensive to maintain that other developed nations are trimming subsidies. The push-back appeared in United Nations climate-change talks that began last week in Bonn, jeopardizing the green dream of an annual $100 billion slush fund for global alternative-energy projects. Read entire article here