Renewable Energy: Bubble, Scam, or Both?

Posted by on Nov 12, 2011 at 5:15 pm

As Gomer Pyle used to say to Sargent Carter: Surprise, surprise, surprise!—in the wake of the Solyndra scandal, public support for government spending on alternative energy is ebbing pretty fast.  The Pew Research Center came out with a new survey on Thursday that shows public support for government funding of renewable energy to be sliding sharply.  The chart below from the Pew report shows that overall public support for alterative energy subsidies has fallen from 82 to 68 percent.  That’s still a pretty large majority in favor of this nonsense, but the right hand cross-tab that shows the trend by partisan breakdown is more interesting, as it shows that among Republicans support for government energy subsidies has fallen by 30 percent, while support among Democrats is virtually unchanged.  (That Democrats won’t change their views in light of the evidence should not surprise anyone, of course.)  In other words, virtually the entire decline in public support came from Republicans.  Maybe this New York Times story will affect a handful of Democrats, but I doubt it.  Just last Monday Paul Krugman was waxing poetic about solar power once again, adding the monumentally ignorant comment that perhaps we are on the cusp of “a Moore’s law for energy.”   (There is no such thing.)


Full story.

Comments are closed.