Seeking Alpha

The U.S. added ~6,800 MW of new wind power generation in 2011, 31% more than was added in 2010,...

The U.S. added ~6,800 MW of new wind power generation in 2011, 31% more than was added in 2010, a new Energy Department report says; U.S. wind generation now totals nearly 47K MW. Federal incentives, which have driven new wind installations, are set to expire at the end of 2012; the White House says as many as 37K U.S. jobs could be lost if the tax credits are not renewed.
From other sites
Comments (21)
  • tomlos
    , contributor
    Comments (1236) | Send Message
     
    More tax credits from thin air, wahoo! Free money for all.
    14 Aug 2012, 10:55 AM Reply Like
  • wigit5
    , contributor
    Comments (4248) | Send Message
     
    I need a subsidy to build my dream home... LEEDS certified of course its for the Environment!!!
    14 Aug 2012, 10:58 AM Reply Like
  • montanamark
    , contributor
    Comments (1452) | Send Message
     
    wonderful - the koolaid drinkers are happy and the american consumer faces soaring energy cost; now if obama can just get gas prices to european levels
    14 Aug 2012, 10:57 AM Reply Like
  • Terry330
    , contributor
    Comments (870) | Send Message
     
    US gas prices are among the worlds lowest, Obama has record US drilling.
    14 Aug 2012, 11:20 AM Reply Like
  • montanamark
    , contributor
    Comments (1452) | Send Message
     
    would that be "koolaid drilling?" gas was $1.78 when the energy master took office and its headed to $5
    the "drilling" is not being done by obama - its not on federal lands but I am sure you will remind us those private drillers did not build that
    14 Aug 2012, 11:36 AM Reply Like
  • montanamark
    , contributor
    Comments (1452) | Send Message
     
    wonderful record poverty as well
    http://huff.to/R0dlo4
    14 Aug 2012, 11:44 AM Reply Like
  • nyuszika45
    , contributor
    Comments (633) | Send Message
     
    If you actually study the mark-to commodity pricing for Arab oil, you might find that the discrepancy exists in the purchasing power of the USD, the dissolving dollar is the culprit as the Fed is eroding the value, not the "real" price of oil. That being the case, national discoveries priced similarly will have nothing to do with the price at the pump - thus is the hidden danger of not just a fiat currency, but a rapacious Fed, unaccountable to anyone but its owners.

     

    I found this explanation effective: http://bit.ly/Qymhgb
    14 Aug 2012, 11:56 AM Reply Like
  • Terry330
    , contributor
    Comments (870) | Send Message
     
    Little wonder W. Bush has cheap gas, the entire US was in a recession, worst in 70 years, 600k were being fired each month.
    14 Aug 2012, 12:30 PM Reply Like
  • 867046
    , contributor
    Comments (398) | Send Message
     
    Moantana,

     

    I think you need to focus on your socialists closer to home:

     

    "July 23, 2012 5:45 am • By Tom Lutey

     

    With the largest drought in a half century chewing up farm acres, the call for federal assistance is growing.

     

    Montana farm groups are calling on Congress to renew emergency loss programs that expired last September. Forage losses to drought and fire, as well as lost crop revenue are hitting southern Montana farms and ranches hard.

     

    “A significant portion of Montana is in pretty rough shape, the south and southeast,” said Ryan McCormick, Montana Grain Growers vice president.

     

    Four disaster programs that expired last September should be revived to help drought-affected farms and ranches, McCormick said. For farmers, the big one is the Supplemental Revenue Assistance Program. Also known as SURE, the program covers crop and livestock losses that crop insurance doesn’t cover. It was created in 2008 as part of the farm bill, but expired a year ahead of other farm bill provisions, which end in two months...."
    14 Aug 2012, 04:30 PM Reply Like
  • Kingnukem
    , contributor
    Comments (12) | Send Message
     
    Love it. 25-30% capacity factor for wind power means that coal/oil/gas/nuclear has to back up each megawatt of wind. That is where the jobs are really gained.
    14 Aug 2012, 10:58 AM Reply Like
  • maudie
    , contributor
    Comments (484) | Send Message
     
    Tax credits or Solyndra 'loans'? Semantics.
    14 Aug 2012, 11:00 AM Reply Like
  • phxcrane
    , contributor
    Comments (559) | Send Message
     
    Or put another way. 37 thousand jobs the taxpayers no longer have to pay for.
    14 Aug 2012, 11:09 AM Reply Like
  • Terry330
    , contributor
    Comments (870) | Send Message
     
    Take that Ryan, the big oil sell out to American families.
    14 Aug 2012, 11:19 AM Reply Like
  • montanamark
    , contributor
    Comments (1452) | Send Message
     
    obama is destroying families and the middle and lower classes
    14 Aug 2012, 11:46 AM Reply Like
  • montanamark
    , contributor
    Comments (1452) | Send Message
     
    and how much does that wind energy cost including the federal subsidy?
    is it like the $26/gal biofuel the the new green and gay navy is using
    14 Aug 2012, 11:19 AM Reply Like
  • wigit5
    , contributor
    Comments (4248) | Send Message
     
    Lets not attempt to degrade the Navy just because they are doing exactly what they are told to do... We (as voters) are responsible for electing the people who direct the Navy (and all military branches).

     

    No one to blame but ourselves.
    14 Aug 2012, 11:23 AM Reply Like
  • montanamark
    , contributor
    Comments (1452) | Send Message
     
    excuse me - I didnt vote to pay $26/gal for biofuel or to make homosexuality a priority - did you
    14 Aug 2012, 11:45 AM Reply Like
  • 867046
    , contributor
    Comments (398) | Send Message
     
    Moantana,

     

    1) While you are munching on your pork rinds at home, some gay person is on point somewhere in Afganistan or wherever SOCOM sends them.

     

    2) Z-gram # 66: (Equal Opportunity); dated 17 December 1970 (Adm. Zumwalt)
    "OURS MUST BE A NAVY FAMILY THAT RECOGNIZES NO ARTIFICIAL BARRIERS OF RACE, COLOR OR RELIGION. THERE IS NO BLACK NAVY, NO WHITE NAVY--JUST ONE NAVY-- THE UNITED STATES NAVY."
    14 Aug 2012, 04:44 PM Reply Like
  • Veritas1010
    , contributor
    Comments (2054) | Send Message
     
    Our federal government has been out of control for a while now.

     

    Remedy?

     

    1) Cut ALL foreign "aid". Heed the words and wisdom of George Washington's Farewell Address to the nation on the subject of foreign entanglements. When we can take care of all American's with complete equity and fairness then let's look abroad to assist others...

     

    2) Close needless military bases and installations in over 130+ countries around the world. Protect our borders and coastlines.

     

    3) Stop giving certain nations "favored nations status". End export/import subsidies.

     

    4) Cut "SNAP" (food stamps) so that they are paid back as a loan to the government and then only given to those in true and dire need. End welfare loopholes like "disability" collections.

     

    5) End domestic "subsidies" from farming, to alt. energy, to big oil. Let everyone pay their own way.

     

    6) Go to a flat tax, abolish the income tax and let ALL Americans pay their fair share equally. End exemptions.

     

    7) Audit (completely) the Federal Reserve, and then abolish. The US Constitution says Congress should control our money supply not for profit international banks. Consider the feasibility of returning to a hard currency system of finance. End fiat currency. Fiat currency means debt spending and inevitable inflationary/deflationary economic cycles.

     

    Then, balancing the budget and government accountability would be lot easier...and guess what, America would come first - not the global internationalist cabal.
    14 Aug 2012, 02:49 PM Reply Like
  • 867046
    , contributor
    Comments (398) | Send Message
     
    "Iowa’s Republican governor blames “a bunch of east coast people” on Republican presidential candidate Mitt Romney’s campaign for getting Romney to oppose federal tax breaks for the wind energy industry.

     

    During a brief interview with Radio Iowa earlier today, Governor Terry Branstad said he wants to talk directly with Romney about the value of the wind energy production tax credit. The credit is set to expire at the end of the year.

     

    “It needs to be continued, not forever, but it does need to be continued for a while and the result is it’s been a very good thing for Iowa in terms of 20 percent of our energy is now generated by wind,” Branstad said. “We have a lot of farmers that receive rent from having wind turbines on their property and we have a lot of jobs associated with it.”

     

    About 7000 Iowans work in the wind energy industry. More than 200 companies in Iowa are involved in manufacturing the blades, towers and engine parts and in maintaining the nearly 3000 wind turbines that are operating in Iowa today.

     

    Branstad blamed “confusion” in the Romney campaign for Romney’s stand against the tax break for wind energy production. The Romney campaign is running a TV ad in Iowa which suggests part of the 2009 economic stimulus package sent taxpayer dollars to “windmills from China.”

     

    “I understand why they are very critical of the whole thing that was done by the Obama Administration with regard to the stimulus and some of the money that was wasted on Solyndra and some of these green energy projects didn’t make sense,” Branstad said. “The tax credit, however, is a much different thing and it way proceeded Obama and it was actually something that Senator Grassley authored and has made a real difference over time.”

     

    Senator Chuck Grassley, a Republican, said earlier this week it’s “not right to single out one energy incentive over others before a broader tax reform debate.”

     

    The Romney campaign website lumps “windmills” in with solar power as examples of the “failure” of green energy projects to make a profit or “make a significant contribution” to the country’s energy supply. That wording — particularly the reference to “windmills” rather than wind turbines — angers Branstad.

     

    “They don’t understand,” Branstad said. “You’ve got a bunch of people that have put that website together that are bunch of east coast people that need to get out here in the real world to find out what’s really going on....”"
    14 Aug 2012, 04:49 PM Reply Like
  • dendv
    , contributor
    Comments (328) | Send Message
     
    Can anyone tell me how much does it cost per KWH of electricity produced? If it is like solar and cost 7 times more than coal then who is paying for the difference? The user or the rest of us. If the user is paying and not subsidies from the tax payers then I am all for it. But give us the facts before we decide.
    14 Aug 2012, 08:26 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs