Downsizing Blog
Massive Cost Overrun on Renewable Energy Project
A massive Australian energy project is an exemplar of runaway costs. The budget of the Snowy 2.0 power dam and energy storage project has exploded from $2 billion in 2017 to $12 billion today. The project is a reminder that taxpayers should be skeptical when governments propose large and complex construction schemes.
No Need for Biden’s Electric Vehicle Subsidies
President Biden’s infrastructure plan includes $174 billion in subsidies for electric vehicles and charging stations.
Biden Infrastructure Plan: Funding Not Green
President Biden’s infrastructure plan is a mess of contradictions.
Electric Vehicles and the Biden Infrastructure Plan
A damaging effect of government expansion is the “crowding out” or displacement of private‐sector activities. Governments often think that they can do better than businesses, and they take over industries or intervene to set things right. But they misjudge, and government‐dominated industries usually become bloated, stagnant, and distorted.
Taxpayers Eat Another Solar Energy Flop
Looks like another federally backed solar energy plant has gone bust.
Crescent Dunes: Another Green Flop
The Department of Energy called the vast and expensive solar project a “success story” and “milestone for the country’s energy future.”
Perry the Profligate
Rick Perry is one of the more disappointing of Trump’s cabinet secretaries. He once fashioned himself a conservative budget-cutter, but since becoming head of the Department of Energy (DOE), he has focused on defending subsidies rather than cutting anything.
Government Ownership Sucks
The Wall Street Journal today profiles South Africa’s electric power company, Eskom. What a mess.
Is Green Energy Competitive?
Without government intervention, renewable energy cannot compete with conventional resources.
Multi-Billion Dollar Boondoggle at DOE
The federal government spends an unreal amount of taxpayer money cleaning up nuclear weapons sites.