Green Energy Won't Cut Price of Oil For Decades -- If Ever: Investors Business Daily

The administration is aware that hundreds of thousands of birds

 are being killed annually by wind farms.

A big thank you to "Chris" for sending me this link from Investors Business Daily.

Obama has been touting an "all of the above" policy, which focuses less on what he calls the "fuel of the past" and more on things like alternative energy and improved efficiency. He touted this approach again Thursday at stops in Oklahoma and Ohio.

An IBD review of the president's energy proposals finds that, if they have any effect on oil consumption and prices at all, it won't be for decades. Among the main ideas in his energy plan:

Wind, solar, etc.: Obama argues for expanding the use of renewable fuels, such as wind, solar and biofuels. "It's time," he says, "to double down on clean energy industries that have never been more promising." ["Solyndra was not our program." -- The President]

But the federal Energy Information Administration says these will account for just 13% of the nation's energy production as far out as 2035, up from 7% today. In contrast, traditional fuels — such as oil, coal and natural gas — will still make up 73%.

For investors, there may be some "get rich quick schemes with wind/solar" but wind/solar won't do a thing in the big picture. Wind turbines have no redeeming value, unless you're a rodent, and then the slaughter of raptors by wind turbines might be seen as a positive. Solar produces less electricity than wind. And even with subsidies, Solyndra investors found out how that turned out.

You have to give the president kudos for sticking to his principles. But as Einstein noted for the definition of insanity: doing the same thing over and over again expecting a different result. ["Solyndra was not our program." -- The President]

Per se.

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By the way, the administration is aware that hundreds of thousands of birds are being killed by wind farms. The administration is recommending wind power developers voluntarily address this. I wonder if he will call off oil and gas regulators and suggest that the oil and gas industry voluntarily try to reduce risk of oil spills. Just saying.