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By admin, July 7, 2010 6:02 pm

Renewable energy. Why isn’t our government doing more to subsidize and encourage industry growth?

Set aside your biases about global warming for a second. America’s energy consumption is outgrowing it’s ability to produce said energy. Every summer, power grids around the country have experienced brown-outs and shutdowns to keep the energy grids running. This is only expected to increase as the population and dependence on coal based electricty increases.
The technology exists to lower fossil fuel consumption and augment it with renewable resources. Why not spend less money providing subsidies and tax breaks to oil and coal, and instead work to subsidize renewable energy into the market. For instance, invest in private companies to develop and sell solar technologies to businesses at a reduced rate. Or, give a tax credit to homeowners for investing in solar roofs or windmills on their property. Renewable energy may never replace traditional fuels, but there is a definite need to grow this industry and it seems like the government doesn’t care.

Well, the government is run by a lot of people with ties to the oil industry. They have to protect their own interests.

Also, the oil industry has a lot of money, so it can influence the views of people without ties to the oil industry, because they all have to worry about getting re-elected.

If the renewable energy industry grew a lot, what do you think would happen to the profits of the oil industry?

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