Renewable energy projects will provide cheaper electricity - "Pay for It Once, and then its FREE"

Date:   1/8/2009 7:24:54 PM ( 15 y ago)

Pres.[elect] Obama said today [Jan.8th 2009] that he will fund renewable energy projects as part of his economic stimulation plan. It will include the manufacturing and installation of solar panels and wind turbines.

He said that this "will lead to new jobs, and LOWER COSTS".

He is referring to lower ENERGY costs, as in cheaper electricity - renewable energy installations provides electricity at a lower cost than electricity made from fossil fuels because after the initial cost of the solar panels and wind turbines, they continue to produce electricity FOR FREE for many years.

Coal-fired power plants need a continuous supply of coal, and even though it is cheap, it is not free.

The energy industry, as it is now, likes the coal-fired power plants because they make money on both the coal, and the electricity it produces, but we, the users of electricity, have to pay for both of those.

"PAY FOR IT ONCE, AND THEN IT'S FREE"

Hurray!! Obama gets it, and he says it out loud - I am starting to have more faith in Obama. I hope to be apologising for my pessimism of Obama at some point in the near future!!



 

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