One of the arguments launched against renewable energy (solar, wind, biofuels, geothermal) is that unless they were heavily subsidized by our government, they wouldn’t have a chance. The inference, I suppose, is that we wouldn’t be talking about these delusional energy options at all if some socialistic scheme weren’t keeping them alive and shoving them down the public’s throat.
Actually, big oil is getting the big bucks from the government. “$45 billion over 10 years” is light years away from what any renewable source of energy could, in its wildest dreams, get from our government. In my opinion, if the government wanted its best tax dollar for the buck on energy, it would be best spent our money on increasing battery energy storage capabilities.
Small batteries with exceptional energy storage capacity could truly revolutionize energy option around the world. Imagine, you wouldn’t have to be connected to the grid, or you could back-up the grid, you could power your vehicle, your home, or whatever with whatever energy source you could invent because you would be able to store that energy efficiently.
Water, solar, wind, geothermal, bicycle, or anything that could produce energy could be stored in a battery. But, we’ve ball-and-chained ourselves to the fossil fuel industries and the proponents of this greenhouse-gas-emitting energy source are forcing off us the bridge into the dark waters below because they’re making so much money—from our money.
More government subsidies for batter storage technologies would not support a particular energy industry, but all of them. Increased battery storage would be as profound a change to our energy issue as the Internet has been to communication, opening up a whole new field for energy production. But, no. We’re stuck with this:
Eliminating Tax Subsidies for Oil Companies "President Obama’s 2011 budget proposes to eliminate nine different tax expenditures that primarily benefit oil and gas companies. Cutting these special tax deductions, preferences, and credits would save the government about $45 billion over the next 10 years. " (May 13, 2010) Center for American Progress