As an American, we have been beholden to oil, coal, and natural gas for a century. Renewable energy is consistently lobbied against and hard to churn up continuous movement towards a cleaner energy future because of political turbulence. I think Trump fucked up so hard with Iran that the entire planet will take a deep dive into renewable energy, because Iran doesn’t own the sun, nor do they own the wind blowing in my face as I type this. Most renewable energy assets can go up in your own yard even via a solar panel or windmill. I’m cautiously optimistic for ETFs like ICLN. The world can’t be lied to forever andI think this could be the breaking point. It could also just be my own internal biases. What do you all think?
The Silver Lining of the Energy Crisis is Renewables
byu/Possible-Yak-4876 instocks
Posted by Possible-Yak-4876
2 Comments
Takes a whole lot of oil to manufacture and install those windmills and solar panels. Never mind the massive carbon footprint, the strip mining to get the raw materials, or when they stop creating electricity they become giant fields of mostly non recyclable toxic waste.
There is no shortage of districts that dump tax payer money into renewables, it isn’t the pot of gold you think it is. Look at California. All of those subsidies and still have some of the highest power costs in North America.
If it was actually as profitable as you think, companies wouldn’t need subsidies to make it work.