Let’s Level the Playing Field

Want wind to get subsidies just like oil does?  Then, cut the PTC by 99.9%.  Wind’s subsidy is 40% of the wholesale cost.  This would work out to $50 per barrel in the oil industry.  Instead oil gets 5 cents.

Of course the best deal would be to cut them both to zero.

For the details, see my blog today at The Foundry.

On another point: AWEA and its apologists have fallen back on the “we need certainty” argument.  Well here is some certainty: The subsidy will be zero for all time.

David W. Kreutzer, Ph.D. is a Research Fellow in Energy Economics and Climate Change at the Heritage Foundation.