Elon Musk just recently took Big Oil to task in an interview at the World Energy Innovation Online forum (WEIF) at Tesla's Fremont, California, factory. He points out something that alternative energy supporters have wailed about for years: all forms of nonrenewable fuel source come with government subsidies.
Musk says this is no different from being able to discard garbage in the middle of your street and after that prevent paying garbage choice up costs. Fossil fuel subsidies are, in fact, choking development in solar, wind, and other forms of alternative, clean energy; however sustainable energy will prevail nonetheless.
Dirty Money, Dirty Fuel
Glaring loopholes in our country's tax code permit some ridiculous monetary breaks to oil business. Over the previous century, the federal government has pumped more than $470 billion into the oil and gas markets by method of these generous, never-expiring tax breaks. While companies like SolarCity, Verengo Solar, Sungevity, and Sunpower face an uphill climb, unique interest lobbyists working for Big Oil, such as the Koch Brothers and ALEC, employ all imaginable forms of propaganda possible to keep their nonrenewable fuel source billions coming in.
In states like Arizona, those who were forward believing sufficient to set up solar panels on their houses had the ability to sell back excess power to energy companies; but new legislation has dramatically decreased the incentives for the use of solar energy.
“For the last several years Arizonans have enjoyed the ability to generate their own electricity on their own property,” said SolarCity.“Their choices have also helped contribute to the creation of more than 9,000 local solar jobs in Arizona. SRP [Arizona’s Salt River Project Utility Company] has sabotaged the ability of Arizona consumers to make this choice if they happen to live in SRP territory. SRP cannot justify the elimination of competition and the denial of Arizonans’ choice in electricity service. In America, we expect companies to respond to competition and innovation with better service, lower costs and increased efficiency. What SRP has done instead is unacceptable and unlawful.”
The Virtuous Cycle of Clean Energy Cannot Be Stopped.
No matter how the Big Oil households continue to try to halt clean energy development, sustainable energy keeps collecting momentum. Wind power is now the cheapest electricity to produce in both Germany and the U.K., even without government subsidies, according to anew analysis by Bloomberg New Energy Finance (BNEF). Solar energy has actually seen similar success, and making use of renewable energy is a self-reinforcing cycle.
As more renewables are set up, coal and gas plants are used less often-- and the less coal and gas are utilized, the cost of utilizing fossil fuels to generate electrical energy increases. Therefore, as the cost of coal and gas power increases, more renewables will be installed.
Musk and the Revolt Versus Fossil Fuels.
Musk says that we need to stage a revolt versus the ongoing financial breaks offered to the fossil fuel market. Citing data from the International Monetary Fund (IMF), he lamented in his interview that he is “competing against something that has a $6 trillion per year subsidy,” and that the low gas prices subsidies create are “weakening the economic-forcing function to sustainable transport and clean energy in general.”
Musk also fights back against relentless propaganda published to reject business like SolarCity.
Musk suggested that a Los Angeles Times post misleadingly asserted that his companies got $4.9 billion in subsidies originating from the fossil fuel industry.
Musk described that the report was planted to counter the IMF study, which found the fossil fuel market was receiving trillions in subsidies every year. Both reports came out around the very same time. As Musk stated:
“After the IMF came out with their study showing that fossil fuels are subsidized to the tune of $6 trillion a year [it’s (sic) was actually $5.3 trillion in 2015]–like $6 trillion per year. Then some representatives from the oil and gas industry added up all the incentives that Tesla had received and will receive in the future, which happens to coincide with the $6 billion figure.”
Included in this figure was a Department of Energy loan, which Tesla paid back with interest. Musk stated:.
“They wanted it [the figure] to start with a ‘6’. So roughly a month or two after the IMF study came out, they started shopping that story around to journalists: ‘Tesla is getting a $6 billion subsidy’ and it sounds a bit like a ‘$6 trillion subsidy’. It has a ‘6’ in it and ‘billion’ or ‘trillion’, you know, it’s kind of close.”
He added, “Then they get the LA Times to buy it. It was totally nonsensical.”
These techniques are absolutely nothing brand-new. Anybody who threatens the petrodollar is an enemy to the billionaire magnates who want to play with individuals' lives and stain the world; however these cabalistic families running the world energy circus are on borrowed time.
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