It's now become de rigueur among the radical right wing rhetoricians to characterize any government support of America's green energy sector as wasteful, fruitless, and scandalous. They greeted with glee the collapse of the government supported solar company, Solyndra, America's first major casualty in our race with China to dominate the "new energy" economy. With Solyndra dying on the battlefield -- its marketplace choking on inexpensive Chinese solar panels -- the right wing's response was to hoist the white flag and declare defeat in the war for global cleantech leadership. That brand of "Can't Do" cowardice is a boon to the carbon and nuclear power incumbents who fund so much of the right wing's activities -- but it's bad for America.
The same DOE loan guarantee program that supported the solar projects gave an astonishing $8.3 billion loan guarantee -- many times the size of the solar projects -- to Southern Company to build two nuclear power plants. Nuclear power is an industry with a product so expensive it cannot compete in any version of free market capitalism. Big nuke is totally dependent on massive, monstrous public and government subsidies at every stage of its life. Oil is a close second. A comprehensive inventory of oil subsidies by former California EPA Chief Terry Tamminen, in his acclaimed book Lives Per Gallon, calculates U.S. subsidies to the oil industry at upward of one trillion dollars annually!
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