As debate rages regarding the extension of the wind-power production tax credit, the Wall Street Journal ran a great article last Friday examining the question of energy subsidies: Who’s really pulling in the sugar from Uncle Sam? According to the Journal, it’s not who the Obama administration would like people to think it is:
The natural gas and oil industry received $2.8 billion in total subsidies, not the $4 billion Mr. Obama claims on the campaign trail, and $654 million for electric power. The biggest winner was wind, with $5 billion. Between 2007 and 2010, total energy subsidies rose 108%, but solar’s subsidies increased six-fold and wind’s were up 10-fold.
And on an apples to apples basis of subsidy dollars per megawatt-hour of energy produced, the situation is even more outrageously skewed:
So on a per megawatt-hour basis, the wind-power people get 88 times the subsidy given to coal, oil and gas, while the solar power people get 1200 times the subsidy given to the fossil fuels.





Wow. So even water is cheaper than gas? LOL! Obama gots some explaining to do!
Sorry I meant, even water(hydropower) is cheaper than solar power?