Energy

Reports indicate that the predominant costs of implementing the Environmental Protection Agency’s new "green" economy regulations are job loss (as coal plants are forced to close) and mass blackouts.

wind farmDespite billions in taxpayer subsidies pumped into the so-called “green-energy” industry, almost 15,000 windmills — maybe more — have been left to rot across America. And while the turbines have been abandoned over a period of decades, the growing amount of “green junk” littering the American landscape is back in the headlines again this week.

The increase in federal subsidies for clean energy development from $17 billion in 2007 to $37 billion in 2010 has resulted in a “gold-rush mentality” among developers, according to the New York Times.

Writing in the Washington Post on Friday, Daniel Yergin, author of The Prize: The Epic Quest for Oil, Money and Power (which was adapted into a mini-series by PBS in 1992) explored the shift of oil’s epicenter from the Middle East to the Western Hemisphere, expressing his surprise that “what appeared to be irreversible is being reversed.” He explains:

Researchers claim to have discovered vast untapped oceans of geothermal energy they say could replace coal and other so-called fossil fuels as primary U.S. energy sources.

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