Alternate Energy Subsidies Are Money down a Rat Hole

EIN News says, "Walter Energy Bids $3.3 Billion for Western Coal. Walter Energy Inc. is launching a $3.3-billion takeover proposal for Canadian miner Western Coal Corp., as fast-rising demand from a rapidly industrializing China spurs global competition to secure coal assets. (theglobeandmail.com)"

If alternate forms of energy, such as wind and solar, are such a great idea, why is there such great activity in Petrobras Brazil willing to spend big bucks for oil reserves, and now Walter energy doing the same thing on coal?


Answer: Wind and solar are uneconomical compared to oil and coal, without government (read taxpayer) subsidies.

Let's get the US government out of the energy business and let private industry do the job it was originally set up to do. Start by eliminating all subsidies for energy in any form; solar, wind, oil, coal, natural gas, and nuclear. We cannot afford any obtuse considerations on energy. We are broke. Foreign governments will no longer buy our bonds to monetize our budget deficit. We are forced to buy our own bonds in a left-hand selling to the right-hand fraudulent process, which only leads to inflation. Stop this foolishness. You can't create money that has value from thin air.