{"id":228520,"date":"2022-11-11T10:21:52","date_gmt":"2022-11-11T09:21:52","guid":{"rendered":"https:\/\/climatescience.press\/?p=228520"},"modified":"2022-11-11T10:21:55","modified_gmt":"2022-11-11T09:21:55","slug":"wicked-waste-nothing-to-show-from-3-8-trillion-squandered-on-intermittent-wind-solar","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=228520","title":{"rendered":"Wicked Waste: Nothing to Show From $3.8 Trillion Squandered on Intermittent Wind & Solar"},"content":{"rendered":"
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\"\"<\/figure>\n<\/div>\n\n\n

<\/p>\n\n\n\n

The wild claims about wind and solar replacing, coal, gas and nuclear power don\u2019t stand first contact with reality.<\/p>\n\n\n\n

Over the last 20 years, trillions of dollars have been squandered on subsidies, tax breaks, mandates, penalties, and other state-directed efforts to make chaotically intermittent wind and solar serious contenders on the world energy scene. Their combined contribution to world energy demand remains thoroughly underwhelming, as John Hinderaker highlights below.<\/p>\n\n\n\n

$3.8 Trillion for Essentially Nothing
<\/strong>Powerline
John Hinderaker
26 October 2022<\/p>\n\n\n\n

Jeff Currie, who is Global Head of Commodities Research for Goldman Sachs, describes<\/a> the utter futility of \u201cgreen\u201d energy:<\/p>\n\n\n\n

Here\u2019s a stat for you, as of January of this year. At the end of last year, overall, fossil fuels represented 81 percent of overall energy consumption. Ten years ago, they were at 82. So though, all of that investment in renewables, you\u2019re talking about $3.8 trillion, let me repeat that $3.8 trillion of investment in renewables moved fossil fuel consumption from 82 to 81 percent, of the overall energy consumption. But you know, given the recent events and what\u2019s happened with the loss of gas and replacing it with coal, that number is likely above 82.<\/p>\n\n\n\n

So, in other words, $3.8 trillion in dead economic loss. Currie adds this, which I don\u2019t agree with:<\/p>\n\n\n\n

The net of it is clearly we haven\u2019t made any progress.<\/p>\n\n\n\n

By progress, he means progress in replacing fossil fuels with wind and solar. But I don\u2019t call that progress, I call it regression, along the lines of: \u201cWhat did socialists use for light, before candles? Electricity.\u201d Wind and solar have both been obsolete for a long time, and happily, no \u201ctransition\u201d to those inadequate energy sources is occurring, nor will it ever.<\/p>\n\n\n\n

Finally, given the total absence of the allegedly intended impact of spending on wind and solar, how in the world has $3.8 trillion (and counting) gone up in smoke? Easy: enormous amounts of money have been made by a small number of people, at the expense of the rest of us. And those people have shared a small share of their ill-gotten gains with politicians.
Powerline<\/strong><\/em><\/a><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Easy come, easy go.<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n\n\n\n

via STOP THESE THINGS<\/mark><\/em><\/strong><\/p>\n\n\n\n

November 11, 2022,\u00a0by\u00a0stopthesethings<\/a>\u00a0<\/p>\n\n\n\n

Wicked Waste: Nothing to Show From $3.8 Trillion Squandered On Intermittent Wind & Solar \u2013 STOP THESE THINGS<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

What did socialists use for light, before candles? Electricity.<\/p>\n","protected":false},"author":121246920,"featured_media":228527,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":{"0":"post-228520","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","9":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/11\/0092-922446_falling-burning-money-png.jpg?fit=1920%2C1080&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-XrO","jetpack-related-posts":[{"id":227512,"url":"https:\/\/climatescience.press\/?p=227512","url_meta":{"origin":228520,"position":0},"title":"Money For Nothing: Europe Squandered $Trillions on Weather-Dependent Part Time Power","author":"uwe.roland.gross","date":"05\/11\/2022","format":false,"excerpt":"Despite Europe spending \u20ac1.2 Trillion on large-scale wind and solar generation, the amount of power being actually delivered in return is risible.","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/11\/image-184.png?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/11\/image-184.png?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/11\/image-184.png?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/11\/image-184.png?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/11\/image-184.png?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":217477,"url":"https:\/\/climatescience.press\/?p=217477","url_meta":{"origin":228520,"position":1},"title":"Transmission Loss: $Billions Squandered Connecting Remote & Intermittent Wind & Solar","author":"uwe.roland.gross","date":"06\/09\/2022","format":false,"excerpt":"Untold $billions are being squandered to connect unreliable, intermittent and diffuse, wind and solar to power grids; grids that were working just fine before the unreliable turned up.","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/09\/image-289.png?fit=400%2C383&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":160261,"url":"https:\/\/climatescience.press\/?p=160261","url_meta":{"origin":228520,"position":2},"title":"Five big problems with President Biden\u2019s energy-climate plan","author":"uwe.roland.gross","date":"01\/09\/2021","format":false,"excerpt":"1.\u00a0Oil obviously has no alternative. 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