Llewellyn
King
Read Llewellyn's bio and previous columns
January 15, 2009
The Greening of Energy:
Not So Fast
Giving away money is hard to do. Just ask President-elect
Barack Obama.
The government has innumerable ways to collect money from the
populace and none to give it back, except through tax rebates. Now the
president-elect is proposing a green way to put money in our pockets.
There are those around Obama who believe as maybe he does
himself jobs can be provided and the world's energy balance can be
shifted through public financing of green energy projects. Green to them
probably means wind and solar, and possibly ethanol and biodiesel.
Of the whole panoply of green energy technologies, only one
is really ready to go wind power. It has the potential to make it
without government incentives beyond the tax breaks it already enjoys.
Yet wind power faces the same hurdle as other large
industrial installations permitting. For years, the well-connected
residents of Cape Cod have been opposing a wind farm in Nantucket Sound.
People love forests of windmills, so long as someone else has to look at
them.
Obama and his advisers have a strong ally in British Prime
Minister Gordon Brown, who has signed on to the same set of ideas with
brio. Incidentally, Germany leads the world in green power, but the
windfall of green jobs has not resulted.
Oil billionaire T. Boone Pickens is sinking millions of his
own dollars into developing a vast wind power corridor, running from the
Texas Panhandle to North Dakota. It is a compelling idea, except the
generation from thousands of windmills has to be collected and fed into
a transmission system that has yet to be built. And even if it is built,
the real need for electricity is along the two coasts. Unfortunately,
electricity does not travel well. It needs to be used near to where it
is generated.
Obama's advisers hope that their energy policies will create
many jobs. But the fact is that electric utilities have had a problem
finding new workers, particularly on their lines.
Since the 1970s, various technologies have had their
adherents. In addition to wind power, they have included low-head hydro,
wave power, ocean thermal gradients, solar panels, solar towers and
hydrogen. So far, wind power is the only technology that has delivered
on a commercial scale. Solar works for remote installations, but
powering cities would require planting panels on tens of thousands of
acres of land.
If the real problem is the nation's dependence on foreign
oil, the Obama proposals come up short. Natural gas and oil remain the
two most versatile fuels. The best way off oil is through electric
vehicles first hybrids then totally electric cars. Trouble is, hybrids
have yet to capture significant market share and all-electric cars are
still in the future.
Unfortunately, green advocates can be pretty disingenuous.
Their real mission is to stop the nation's return to nuclear power. They
know what they are against as much as what they are for.
If there are so many jobs to be created from going green, one
wonders how these jobs, if they materialize, will affect the cost of
electricity. Traditionally, energy has been capital but not labor
intensive. Big payrolls push up costs no matter how virtuous the
project.
Of course coal, which is the unloved fuel that supplies more
than half of our electricity, would like to get a green label. Ergo, the
political label clean coal. There is no such thing, although through
carbon capture or gasification, coal state
legislators are glad to paint the black stuff green and splash research
money on it.
Oh
well, back to free money, also known as long green.
© 2009 North Star
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