A decade or so ago, I spent a fair amount of time arguing on a particular television network which, for some reason — possibly the network’s name — I presumed was pursuing a niche of exploring legal issues. I admit that when we sat down to discuss a show they were considering launching it came as a bit of a revelation, as obvious as certain things seem in reflection, to learn that the business model was not so much informed legal or policy discourse as it was, just like everyone else, finding content that was sensational and “edgy.” Of course this makes perfect sense, as businesses are neither public service ventures nor, typically, vanity projects to spread a word.
I also therefore have no ground to maintain such naïveté and assume a “business network” is dedicated to considered analysis of matters economic. Okay, so some personalities engaged to peddle some dogmatic shtick might still theorize that, say, redistribution of wealth actually creates economic growth as opposed to simply making work which — as the mandated redistribution indicates — is not the most efficient allocation of resources. That’s entertainment.
But one would not expect — outside of guests brought on for the purpose — imperviousness to certain empirical truths, such as whether we might have already “invested” in wind, solar, and the like to the tunes of billions so that, to the extent they exist commercially, it is solely due to subsidies.
For example, nuclear is the subsidy hog among actual energy performers, receiving $1.59 of federal subsidy for every megawatt hour (WMh) of electricity generated. Renewables, however, as a whole, receive $2.80 of federal subsidy for every MWh of electricity generated. Yes, that’s “receive.” For decades.
And, gosh this is where it gets difficult when speaking to those who know what they know because it’s what the right people know but, within the renewables category, wind gets $23.37 per MWh while solar gets $24.34 per MWh. Yes. That’s “gets.”
Such readily available realities are why I nonetheless found the nice lady interviewing Myron Ebell on Fox Business (should still be the current video posted, here) to be quite something. Um. Why. Yes. Let’s “start investing” in such things. Maybe taxpayers can “start investing” in bank bailouts now, too.