If there is an opportunity to be made our “free market system” will allow our entrepreneurs to do it. So why aren’t we driving electric cars, or cars that run on biofuel. It may be possible that these ideas are simply unsustainable without a government subsidy. If there is a breakthrough in energy it will happen in the private sector and without government assistance or oversight. This has happened with fracking.
The government has a long list of green energy investments, the most noted one being Solyndra a company trying to make a go at solar. Solyndra costs the tax payers around $500million. It seems like the politicians doling out these subsidies may not be interested in real energy progress, but instead interested in pushing there green energy agenda. Public investments in the myth of green energy are really a waste of our money.
Real progress has been made in fracking (extracting natural gas from rock beneath the earth). Private companies have decided to invest their own money in the development & advancement of this technology and it has payed off big time. Everyone benefits from the this technology. These companies drill for natural gas, employ people in real jobs, and provide a clean source of energy. The more natural gas they extract the more the price of energy declines. That is assuming the current administration doesn’t tax the natural gas to high heaven to pay for green energy failures.
For those people that oppose fracking for gas, the “no drill, no spill” people. I only ask that they stop complaining about the price of energy if they become unreliant on fossil fuels.