The Wall Street Journal lays out some reality-based information to clarify the impossibility of Obama's supposed energy plan.
The Senator calls for $150 billion over 10 years to achieve "energy independence," with elevated subsidies for renewable alternatives and efficiency programs. He also says he'll "leverage billions more in private capital to build a new energy economy," euphemistically referring to his climate plan to tax and regulate greenhouse gases. Every President since Nixon has declared "energy independence," as Mr. Obama noted. But this time, he says, things will change.
They won't. And not because of "the old politics," or whatever. Currently, alternative sources -- wind, solar, biomass, hydroelectric and geothermal -- provide less than 7% of yearly domestic consumption. Throw out hydro and geothermal, and it's only 4%. For the foreseeable future, renewables simply cannot provide the scale and volume of energy needed to meet growing U.S. demand, which is expected to increase by 20% over the next two decades. Even with colossal taxpayer subsidies, renewables probably can't even slow the rate of growth of carbon-based fuel consumption, much less replace it.
Take wind power, which has grown rapidly though still only provides about two-thirds of 1% of all U.S. electricity. The Energy Department optimistically calculates that ramping up merely to 20% by 2030 would require more than $2 trillion and turbines across the Midwest "wind corridor," plus multiple offshore installations. And we'll need a new "transmission superhighway system" of more than 12,000 miles of electric lines to connect the wind system to population centers. A mere $150 billion won't cut it. Mr. Obama also didn't mention that this wind power will be more expensive than traditional sources like coal.
Read the rest. And this isn't even to mention the technical problems that exist with an intermittent source of energy like the wind and how we'd still need some other source. And then there are all the land use problems if we engage in biofuels the way that Obama is recommending. And what the effects would be on our food supply.
Problems like these are the reality of "alternative" energy, and they explain why every "energy independence" plan has faltered since the 1970s. But just because Mr. Obama's plan is wildly unrealistic doesn't mean that a program of vast new taxes, subsidies and mandates wouldn't be destructive. The U.S. has a great deal invested in fossil fuels not because of a political conspiracy or because anyone worships carbon but because other sources of energy are, right now, inferior.
Consumption isn't rising because of wastefulness. The U.S. produces more than twice as much GDP today per unit of energy as it did in the 1950s, yet energy use has risen threefold. That's because energy use is tethered to growth, and the economy continues to innovate and expand. Mr. Obama seems to have other ideas.
