The debate around green energy is really interesting, because it is such a gamble between cost and efficiency. Although it may seem more beneficial to switch to wind turbines and solar panels, the cost of a total switch is enormous and unrealistic. I never thought of the cost of disposal, though, which is definitely a good point. Thank you for this discussion!
What does this have to do with economics, besides everything? It was estimated that Americans spent approximately $4.7 billion dollars on gas during Memorial Day weekend. The choice of which energy source is used has tremendous economic ripple effects. There are multiple financial considerations that aren't always mentioned at the forefront of the energy argument. Considerations such as:
- The price for building enough wind turbines and solar panels to replace fossil fuels
- The additional costs of implementing devices to convert the energy
- The cost to dispose of used solar panels
- The cost of disposing the current fossil fuel items
- The development costs to address what to do in situations where the wind doesn't blow and the sun does shine; not a joke these are actual realistic situations.
These are a few questions in the area of the economic impact that must be addressed, answered, and activated prior to switching from fossil fuels.
This video is the beddrock of this blog. Green energy is viewed as the way of the future, deemed as "better, but is it really. Those who promote it-- such as Leonardo DiCaprio-- live lives that contradict the movement. Yet, I don't fully fault them. I take issue with the actual sources of energy that are being promoted. I believe that fossil fuels are the primary source of energy because of the dependable energy that they provide. I submit that solar and wind should be viewed as additional energy sources, not replacements.
The debate around green energy is really interesting, because it is such a gamble between cost and efficiency. Although it may seem more beneficial to switch to wind turbines and solar panels, the cost of a total switch is enormous and unrealistic. I never thought of the cost of disposal, though, which is definitely a good point. Thank you for this discussion!
What does this have to do with economics, besides everything? It was estimated that Americans spent approximately $4.7 billion dollars on gas during Memorial Day weekend. The choice of which energy source is used has tremendous economic ripple effects. There are multiple financial considerations that aren't always mentioned at the forefront of the energy argument. Considerations such as:
- The price for building enough wind turbines and solar panels to replace fossil fuels
- The additional costs of implementing devices to convert the energy
- The cost to dispose of used solar panels
- The cost of disposing the current fossil fuel items
- The development costs to address what to do in situations where the wind doesn't blow and the sun does shine; not a joke these are actual realistic situations.
These are a few questions in the area of the economic impact that must be addressed, answered, and activated prior to switching from fossil fuels.
This video is the beddrock of this blog. Green energy is viewed as the way of the future, deemed as "better, but is it really. Those who promote it-- such as Leonardo DiCaprio-- live lives that contradict the movement. Yet, I don't fully fault them. I take issue with the actual sources of energy that are being promoted. I believe that fossil fuels are the primary source of energy because of the dependable energy that they provide. I submit that solar and wind should be viewed as additional energy sources, not replacements.