That can delay things, but ultimately it will be the US against the rest of the world and no amount of subsidies will be able to offset that. We’re already seeing the early stages of that with China having invested heavily in solar. Cheap Chinese made solar panels are starting to drive the cost of solar installs down and China is still ramping up. Between the public backlash against fossil fuels on one side, and increasing economic pressure on the other eventually they’ll cave and phase the subsidies out.
That can delay things, but ultimately it will be the US against the rest of the world and no amount of subsidies will be able to offset that.
Coal and nuke power company provider First Energy straight up bribed the Ohio Speaker of the house with $61 million to get legislation passed to force residential electricity customers to pay extra fees to subsidize unprofitable coal and nuclear power in the state. The former Speaker is in prison now. The extra fees are still being paid by customers even today. source
Ugh. I hate to say this, but the US is dumb enough to crash into the future hoping that other countries go renewable so oil is cheaper here. It’s too late anyway.
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That can delay things, but ultimately it will be the US against the rest of the world and no amount of subsidies will be able to offset that. We’re already seeing the early stages of that with China having invested heavily in solar. Cheap Chinese made solar panels are starting to drive the cost of solar installs down and China is still ramping up. Between the public backlash against fossil fuels on one side, and increasing economic pressure on the other eventually they’ll cave and phase the subsidies out.
Coal and nuke power company provider First Energy straight up bribed the Ohio Speaker of the house with $61 million to get legislation passed to force residential electricity customers to pay extra fees to subsidize unprofitable coal and nuclear power in the state. The former Speaker is in prison now. The extra fees are still being paid by customers even today. source
Ugh. I hate to say this, but the US is dumb enough to crash into the future hoping that other countries go renewable so oil is cheaper here. It’s too late anyway.