Research institute reveals disconnect between green energy economy and U.S. energy use
As the Obama Administration continues to push for a moratorium on deepwater drilling and announces $2 billion in stimulus funds for solar energy companies, a new analysis by the American Institute for Economic Research (AIER) shows a growing disconnect between political visions of a green energy economy and the practical reality of U.S. energy use.
“Developing cleaner energy sources and reducing our reliance on fossil fuels is not impossible, but it’s a huge challenge that is much more complicated than the bumper stickers and slogans suggest,” says AIER Senior Fellow Kerry Lynch, whose analysis appears in a recent issue of AIER’s Research Reports. “The inconvenient truth is that no one has yet developed an alternative to fossil fuels capable of providing energy on a comparable scale at a comparable cost.”
Lynch points out that shifting from one energy source to another is difficult because their costs vary greatly and they are not necessarily interchangeable. Click here to read the entire research brief.