Despite widespread political support and large direct and indirect subsidies from both the federal and stategovernments, renewable electricity—wind and solar power, in particular—produces only 3.6 percent of USpower generation. This small market share suggests inherent limitations that can be overcome only at veryhigh cost.

A number of rationales for renewable electricity support usually are offered in support of those public policies; whatever their surface plausibility, they are deeply problematic both conceptually and in terms of the available data.

Despite this support, renewable electricity has only a small share of the market, and ongoing developments in the market for competitive fuels—in particular, the prospect of declining prices for natural gas—make it likely that renewable electricity will continue to face severe constraints in terms of competitiveness for many years to come.

What is the outlook for renewable energy in electricity generation--particularly wind and solar power--as a substitute for such conventional fuels as coal and natural gas?

U.S. House of Representatives hearing on tax policy impacts on the commercial application of renewable energy technology

For several years now, President Obama and his allies in the environmental movement have promised to usher in a green economy that will create millions of new green jobs that “can’t be outsourced.”

The average American would believe that the nation's need for substantial nuclear fuel, oil, natural gas, and coal will soon be a distant memory, based on the Obama administration's strident emphasis on developing "alternative" energy sources. The reality, however, is quite different.

Losing money is embarrassing. And an embarrassed Jamie Dimon publicly admitted that J.P. Morgan Chase goofed. Three senior executives lost their jobs as a result. But politicians and regulators in Washington are rushing to leverage the bank's misfortune for their own gain.