We’re often hearing from environmentalists how renewable energy is the “energy of the future”. Barack Obama endorses this view. This is despite the fact that the industry can’t seem to survive without public subsidies and government efforts to hamper fossil fuel energy. This is a fantasy. Renewables are only the future because they are willed to be so. No matter how strong the religious fervour towards this technology, their effectiveness remains unchanged.
Renewables may one day become economically viable, but right now we have governments worldwide betting on this outcome. We see rent-seekers like Solyndra treating taxpayer money with contempt and other green companies going down the drain. And in the meantime, nuclear energy is taken completely off the table.