Monday, April 29, 2013

Fact vs. Fiction: How Renewables Outshine Fracking

Fact vs. Fiction: How Renewables Outshine Fracking | Alternet
Just how real is the fracking "boom" when compared with other developments within the energy industry—specifically the exponential growth of renewable energy?   In a marketplace dominated by headline stories of visible failures such as Solendra, few Americans realize that (according to the Government Accountability Office) the electricity generated by fossil fuels receives $5 in federal subsidies for every $1 received by the renewable energy industry.  In a very real sense, the only reason the fossil fuel industry can now compete with renewable energy is because of government subsidies.

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