Sunday, October 14, 2012

Barack Obama's energy policy summed up: Make solar, wind energy more finically feasible by driving up energy costs so that wind, solar look like the better finical choice. Per the May-June 2012 Cogeneration & On-site power Production pg 26 quotes "the average installed cost of residential and commercial solar systems fell by 17% ...the LBNL study estimated an average price of between $6.30/W and $8.30/w for systems less than 10 w in size, and between $3.00/w and $4.00/w for large utility-sector systems." Compare this with nuclear at ~$22/kw ( $.022/w) To do what Obama wants with nuclear power this much lower than solar/wind, the government will have to raise electricity generation costs 66% to make solar /wind viable. For a country in the economic state we are in this shows a dreamer with very bad judgement. Investing in R&D to bring down the costs of solar /wind would have been a much more practical and a less costly solution. Background Obama's administration lost 90 billion backing solar and other green energy companies whose technology and business models were not financially feasible.

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