By Kim Greenhouse in Its Rainmaking Time
February 5, 2010
In this show, guest Lawrence Dwight, Jr. of Dwight Investment Counsel gives us valuable insight into true energy independence and the economics of wind power. We tend to perceive it as an exciting, cost-effective, sustainable energy solution for the future. It seems very alluring. But is it really as great as we’ve been told?
The details suggest that wind power may not be as affordable or efficient as we thought. Of course everything has its place, but where does wind power fit in? How does it work? And who benefits from using it? Tune in to find out!
Listen in here.
Meanwhile, with prompts from their advisors at GE and the environmental NGOs , Secretary Chu came to congress with energy plans, focusing on wind.
E&E News (2/4, subs. req’d) reports, “Senate Democrats and Republicans criticized President Obama’s spending proposals for energy today for not living up to his State of the Union rhetoric expressing support for both new and old sources of energy. “These policies are clearly not designed to spur more domestic production,” said Alaska’s Lisa Murkowski, the top Republican on the Senate Energy and Natural Resources Committee.
Many programs favored by the environmental community won out in the proposal, while priorities of the George W. Bush administration were recommended for cuts.
Wind was the big winner, driven by the Obama administration’s desire to push offshore wind in the coming fiscal year. The budget request for wind power jumped 53 percent, from $80 million this year to $123 million next year. The administration’s campaign will seek to win public acceptance, overcome regulatory hurdles and find solutions to technical problems facing offshore wind. The Obama administration is proposing to cut all funding for research into natural gas technologies, a program that had received $18 million for the current fiscal year. The spending plan would eliminate 12 tax breaks for the oil and gas industry, the largest of which is industry’s ability to claim the Section 199 domestic manufacturing tax deduction. The Office of Management and Budget estimates ending it would bring in an extra $17.3 billion over the next 10 years.”