Connected cronies and the cost of energy

Idiots are apparently idiots. From Instapundit.

THE RENEWABLES FRAUD: After the Texas Blackouts, Follow the Wind and Solar Money – All $66 Billion of It. “What was the result of all that spending? When combined with the shutdown of several gigawatts of coal-fired capacity, it’s apparent that the $66 billion spent on renewables before the blackouts didn’t make the Texas grid more robust – it made it more fragile.”

Once the left discovered how dumb its constituency is there has been no stopping them. However, there is also this comment to consider which adds a different perspective.

Going to point out that the good citizens of Texas did NOT vote for this nonsense, did NOT want it. No one outside of Austin was saying “Wow, we need more renewable energy sources!” I’m certainly interested in pursuing alternative sources of energy as are most people but I am not willing to replace what we know works with unproven technology that has a spurious track record and tends to cost ridiculous amounts of money for minimal output. Despite the fact nobody voted for this nonsense we got this anyway. In a “Red” state. Ponder that. In Texas we got a program we didn’t want and didn’t vote for and we’re considered “conservative”.

No doubt $66 billion includes a very large incentive for fraud and larceny of all kinds. Might as well mention this as well.

Investments only make sense if you can get an actual *return* on your investment equal to or greater than just dumping it into T-bills. The $66B ‘invested’ in solar and wind can only make a return if the government essentially taxes the citizens to transfer the money to the invest-ee, and behold, that’s exactly what is happening. And since there’s no real limits on it, the tax money shoveling to connected cronies rapidly becomes a huge scam.

“Connected cronies” is it? A few of those around.

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