Energy Secretary Chris Wright on Windmill Subsidies and Energy Collapse
Fox BusinessSeptember 5, 20253 min51,355 views
10 connectionsΒ·9 entities in this videoβWind Power and Subsidies
- π‘ Windmills are described as "stupid and ugly" and are blamed for increasing energy prices by 28% in New Jersey.
- π The rapid growth of wind power is attributed to subsidies, which are seen as making electricity more expensive rather than cheaper.
- β οΈ Ending these subsidies is expected to lead to a shrinkage of wind power.
Economic and Environmental Impacts
- π Subsidizing wind power has led to tripled electricity prices and de-industrialization in countries like Germany and the United Kingdom.
- π£ Fishermen in Cape Cod are concerned about windmills disturbing fisheries, and the tourist industry is also negatively impacted.
- π The justification of saving the world from climate change by using wind turbines is questioned, as it barely dents the demand for hydrocarbons.
Community and Project Concerns
- ποΈ Growing pushback from communities, both rural and coastal, against wind power projects due to visual impediments and land use.
- π° Townships were incentivized with subsidies to start windmill projects, leading to agreements to pay crazy high prices for wind power.
- π The intermittency of wind power (electricity only when the wind blows) increases system costs for the electricity grid.
- β οΈ Projects that have already started are on a case-by-case basis for potential changes, with a focus on stopping future subsidies.
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9 entities
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Transcript13 segments
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Whatβs Discussed
WindmillsWind PowerEnergy PricesSubsidiesEnergy SecretaryChris WrightNew JerseyCape CodFisheriesTourist IndustryClimate ChangeHydrocarbonsElectricity GridGermanyUnited Kingdom
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