Wait, on what planet does this make sense? From the Left Action Facebook page:
Send Congress a message, and tell your reps to renew the Production Tax Credit for wind energy.
It’s mind boggling that we might continue subsidies for oil production while letting credits for wind energy lapse.
Yes, it IS mind boggling. Look, oil has been pretty much the same since we started drilling for it in the 1850’s. Hell, it’s been the same for a few million years before that, but you get my point. If it can’t make it on its own in a free market, why in the world should we subsidize it? What the heck is going to change with oil that hasn’t changed in the last 150 years?
Wind power, on the other hand, is rapidly getting more efficient and cost-effective, thanks to technological advances. Some subsidization to help it get over the hump to cost competitiveness seems eminently logical, given the advances already shown. Not to mention that wind power is pollution free, while oil is chock full of what the economists would call “negative externalities” (pollution, heating up the Earth, spawning conversations that start with “what the hell is that smell”, etc.)
Look, I can understand an argument for not subsidizing either. I don’t agree, but it’s not a crazy one. But tax breaks for oil, while eliminating them for wind? That’s taking stupidity to 11.