Climate Con-Job: You Know It’s a Ponzi Scheme When Pure Fantasy Has a Colossal Price

The wind industry is just the latest and largest in a long line of great Ponzi schemes, like the South-Sea Bubble and Dutch tulip mania.

In the wind industry, the scam is all about pitching bogus projected returns (based on overblown wind “forecasts”) (see our posts here and here and here and here); claiming that wind turbines will run for 25 years, without the need for so much as an oil change (see our posts here and here and here); and telling investors that massive government mandated subsidy schemes will outlast religion (see our posts here and here and here).

The story is the same, the world over: wind power doesn’t run on wind, it runs on subsidies. The merest threat to which has the wind industry, its parasites and spruikers howling ‘blue murder’.

But, for as long as governments are prepared to squander billions of dollars of other people’s money – and/or to mandate fines, targets and penalties on those attempting to provide reliable and affordable power – there will be a disorderly queue of rent-seeking RE scammers ready to take suckers for all they’re worth. Never mind that what’s on offer is a complete fantasy.

In short, as David Wojick points out, if it’s too good to be true, then it probably is.

STOP THESE THINGS

The wind industry is just the latest and largest in a long line of great Ponzi schemes, like the South-Sea Bubble and Dutch tulip mania.

In the wind industry, the scam is all about pitching bogus projected returns (based on overblown wind “forecasts”) (see our posts here and here and here and here); claiming that wind turbines will run for 25 years, without the need for so much as an oil change (see our posts here and here and here); and telling investors that massive government mandated subsidy schemes will outlast religion (see our posts here and here and here).

The story is the same, the world over: wind power doesn’t run on wind, it runs on subsidies. The merest threat to which has the wind industry, its parasites and spruikers howling ‘blue murder’.

But, for as long as governments are prepared to squander billions of…

View original post 1,239 more words

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