Many people have made the argument that, since the oil industry receives tax breaks and incentives, other forms of energy should, too. In fact, a lot of industry has been generated (!) over the years through government incentives to pursue alternative energy. However, there are those who believe this to be a waste of taxpayer money.
While it may not be wasteful, it certainly is limited. According to the Energy Policy Forum that was held in Washington DC, the subsidies for wind energy are skewing the figures for power production. In an article in Aol Energy, the executive chairman of Exelon Corp said that businesses need realistic numbers in order to decide about investments. Exelon Corp is the nation’s largest operator of nuclear power plants, with a total of 24 reactors. Since the wind energy industry gets tax credits, it can sell power more cheaply to the grid than nuclear power can, forcing nuclear power plants to PAY people to take their energy.
Currently, the solar industry has a remaining tax credit for 4 more years. However, wind energy will lose its tax credit at the end of this year. The American Wind Energy Association is attempting to “level the playing field” with solar power.
And, as the jockeying for billions of U.S. taxpayers’ dollars, and, indeed money from taxpayers all over the world, continues, Andrea Rossi “continues working” to perfect possibly the cheapest and most revolutionary power source the world has ever seen – the E-Cat, which uses LENR technology.
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