Hardcover: 256 pages
Publisher: Regnery Publishing (May 23, 2016)
Language: English
ISBN-10: 1621574091
ISBN-13: 978-1621574095
Product Dimensions: 6 x 1.1 x 9.1 inches
Shipping Weight: 12 ounces (View shipping rates and policies)
Average Customer Review: 4.3 out of 5 stars See all reviews (21 customer reviews)
Best Sellers Rank: #37,703 in Books (See Top 100 in Books) #7 in Books > Engineering & Transportation > Engineering > Energy Production & Extraction > Fossil Fuels #8 in Books > Business & Money > Industries > Energy & Mining > Oil & Energy #99 in Books > Science & Math > Nature & Ecology > Conservation
Stephen Moore seems to be living in the last century. His "facts" are dated.Not long ago I heard Moore claim that solar panels only last 10 years and that since the pay back period is 12 years or so, they are uneconomic. Uh, no. If he had done the least bit of research he would know that solar panels are warranted for 20 years, and studies show panels manufactured since 2000 last for 35 years minimum, and 50 years is more likely. According to the NREL you should get "at least 80% [of the original power] after 50 years. Panels manufactured post 2000 should lose between 0.1% and 0.4% per year." You could get as much as "95% after 50 years if you live in a 'gentle' climate. Little wind and snow loading. Low UV exposure." An honest economist would have calculated the ROI of a solar panel investment with a 12 year pay back period and 23 to 38 years of free electricity.Also unbeknownst to Moore are the facts that solar and wind are already beating natural gas and coal on price, unsubsidized. Someone needs to tell Trump that the coal mines will never be re-opened because coal is no longer cost competitive, even without accounting for its external costs.Moore and his co-author need to read the reports of several investment banks about energy, especially Lazard's "unsubsidized levelized cost of energy" comparison. Wind is now the cheapest energy there is. It was selling for only $.025/kWh three years ago, and it is undoubtedly cheaper now. Also, based on a Harvard School of Public Health study, it is estimated that wind power saved the U.S. $7.2 billion in health costs in 2015 alone. Somehow, economist Moore always fails to mention that poisoning the air and water has real dollar costs.
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