Quote:
Originally Posted by Stormer
I just want to make a point that should be obvious. The oil and gas industry pays probably the highest taxes and royalties of any industry. There are no net subsidies. Sometimes royalties are temporarily reduced to offset things like investment in enhanced recovery techniques. The Government does this because they recognize that it makes the Government more money in the long run.
On the other hand wind and solar are greatly subsidized by mostly by above-market power purchase agreements, but also by not attributing to them the cost of the base load power that must be built to back them up.
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Just wanted to chime in that solar is now cheaper per kW than coal, even without subsidies. It needed subsidization in the beginning because it had the world's largest industry fighting to stop it (fossil fuels), but now that it has scaled up thanks to government, it is profitable at a lower cost.
Solar isn't perfect, but with new battery-farm techniques to store power for days or weeks for when demand exceeds sunlight (Tesla has made a few so far), it is much smarter to use solar now than coal, gas, or oil-fired plants.
It really sucks for SK, but the oil and gas industries have to die.