Germany says solar energy is path to bankruptcy, yet Obama doubles US down on it

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Solar energy – not the answer

One of the biggest national investors in green energy, Germany, is coming to the realization that green energy is the path to bankruptcy. This is nothing short of blasphemy in the green world to even make a partial admission that solar power is not the panacea it was promised to be.

Germany invested gargantuan amounts of money in green energy, doling out more than 130 billion in subsidies to install solar systems and spends an additional 10 billion per year subsidizing existing solar installations.

Yet after all of this capital expenditure, Germany has little to show in terms of reducing green house gasses and helping the country’s power needs. Despite massive investment, solar power accounts for approximately three percent of Germany’s total energy…When the sun shines!  To add insult to injury, Germans also pay the second highest price for electricity in the developed world, due mainly to the fact that they are heavily subsidizing green energy by adding the cost to everyone’s utility bills.

According to Der Spiegel, members of Chancellor Merkel’s staff are describing the policy as a massive money pit. Philipp Rösler, Germany’s minister of economics and technology, has called the spiraling solar subsidies a “threat to the economy.”

Germany will be cutting subsidies to solar sooner than planned, and to phase out support over the next five years.

In spite of  this ominous sign that solar may be a technology that will not reach its dreamed of potential, President Obama has America on a headlong rush down the same path of energy broken dreams that Germany has found itself on.

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Germany says solar energy is path to bankruptcy, yet Obama doubles US down on it | From the Right | IrishCentral.

Robert Murray says prominent Americans are discussing impeaching President Obama

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Obama
Obama “waging war on coal gas and oil”

The direct speaking Robert Murray pulled no punches when he addressed the Bluefield Coal show in West Virginia today.

The CEO of Murray Energy, one of America’s largest coal producers, had a lot to say and the word impeachment was one of them during a hard hitting keynote speech to the coal mining industry, as well as to the rest of America.

Murray warned that Obama‘s disastrous energy policies are leading America to a European model of energy poverty as evidenced by huge price spikes to consumers in Britain and Germany…

“They are destroying low cost electricity in America for everyone, including our citizens on fixed incomes and our manufacturers of products that compete in the global marketplace.  European countries, particularly Germany went this route with disastrous consequences”

See: Germany says Solar is path to bankruptcy

He backed up Germany’s energy plight with: “Germany spent 194 billion in the past 10 years on their “green” Obama experiment, including 10.2 billion in subsidies for solar alone. The result is German electric prices have jumped 61% and 15% of German families live in energy poverty.”……All of their predictions on the cost of solar and wind power were understated five-fold”

 “To make up for German’s energy shortfall created by the loss of nuclear power and the inefficiency of “green” electricity, Germany is currently building 23 new coal-fired electricity generating plants.”

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Robert Murray says prominent Americans are discussing impeaching President Obama | From the Right | IrishCentral.