Recently, there has been a large debate over weather or not we should increase or decrease spending on government funded alternative energy resources. Companies like Solyndra, have received over $535 million in federal aid in order to push forward to a greener energy. However, Solyndra has recently filed for bankruptcy even after receiving the millions in aid. This failing business has left taxpayers furious and enraged, claiming that the government is wasting their money. Recently, another alternative energy company called NRG Energy is establishing a 4,000 acre solar energy plant northwest of Los Angles, in San Luis Obispo County. This plant, costing 1.6 billion to set up, with approximately million solar panels will only be able to power 100,000 homes. With stats like these, it appears that alternative energies will never gain the spotlight from the traditional fossil fuels. However, the amount of spending on fossil fuels compared to alternative energies is approximately six times as much. In 2010, fossil fuels received 409 billion dollars in subsides while renewable energy sources obtained a mere 66 billion in federal funds. In the past, multiple companies have failed to find an alternative source of energy before we have found one successful company. Bryan Welsh, author of the article, believes that if we are to better our climate, environment, reduce pollution, and become independent of foreign oil it will take enormous changes to our energy system. And not just by a few billion dollar change, but one in the trillion dollar range. Clearly, the author is trying to reach out to the public of America to expose the need to find an alternative source of oil. This desirable change will only come in time, but hopefully sooner than later.
http://www.time.com/time/health/article/0,8599,2099480,00.html