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Wind will be competitive! (Secretary Chu since 2011) – Confused about that?


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By Robert Bradley Jr. – January 6, 2022

“Before possibly the end of the decade, I see wind and solar cost-competitive without subsidies with new fossil fuels,” Chu said at an event at Pew Charity Trusts. ” (below)

Energy history problem. On the market, what energies are already active and at what prices; in energy policy, who said what and when. In this respect, dilute, intermittent energy has a bad history.

Obama’s DOE Secretary, Steven Chu, celebrates the tenth anniversary of a now falsified statement. According to a report by the American Security Project in “Wind, Sun become Cost Competitive: Chu, ”

Clean energy sources like wind and solar will not be more expensive than oil and gas projects by the end of the decade, US Energy Secretary Steven Chu said on Wednesday.

President Barack Obama’s administration has encouraged companies to invest in green growth, calling it a source of new jobs and concerned that other countries – led by China – are stealing the march.

“Before possibly the end of the decade, I see wind and solar cost-competitive without subsidies with new fossil fuels,” Chu said at an event at Pew Charity Trusts.

“So countries and companies that develop renewable energy and resources that become cost-competitive without subsidies suddenly have a world market. And, boy, we can’t lose that world market,” he said.

The US Congress has rejected efforts to mandate a cap on carbon emissions caused by climate change, with many Republicans arguing that reducing dependence on fossil fuels would be too expensive.

But the Obama administration had hoped to seek bipartisan cooperation on what it hoped were less controversial efforts like the promotion of renewable energy….

Wind energy, which has never been able to compete with fossil fuels, remains uncompetitive as demonstrated by the desperate attempt of the Biden Administration in the BBB (Building Back Better) to renew 14th Production Tax Credit. Well, what started in 1992 for wind PTC has been extended to 1999… 2002… 2004… 2005… 2006… 2008… 2009… 2012… 2014… 2015… 2016 … 2019… 2021.

It’s time to unplug and let the market decide between energy levels. The government – the taxpayer – should be neutral.



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