Last week, Examiner columnist and Manhattan Institute fellow Diana Furchtgott-Roth, author of the new book “Regulating to Disaster: How Green Jobs Policies Are Damaging America’s Economy,” explained that:
Most people think green is good but pay little attention to associated increases in costs. In 2015, it will cost between $49 and $79 to generate one megawatt hour of electricity from natural gas. A megawatt hour from onshore wind will cost between $75 and $138, and from solar photovoltaic will cost between $242 and $455.
As her book demonstrates in this chart, rising costs of energy hit lower income Americans the hardest, because they spend a higher proportion of their incomes on energy.
Not to mention that President Obama sent 80 percent of his $16 billion green energy windfall to his campaign bundlers and contributors, leaving only 20% to those who did not contribute.
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