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30 July 2010



But dear Mr. Harris:

According to my back-of-the-envelope calculation, the annual world energy consumption is about 1.5 * (10^14) kWh. So those $550 billion "subsidies" are actually less than half a cent per kWh. How much is Recurrent getting from Spain per kWh as a "subsidy?" No wonder Spain is reconsidering.

Joe Garma

Fossil fuel-based energy generation benefits far more then just subsidies in that their prices to not incorporate what economists term "externalities", such as pollution, or war for that matter.

If such energy product was priced (taxed) at a rate sufficient to clean up the pollution created from consuming such product, alternatives such as solar would been at price parity a long time ago.

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