North Dakota’s congressional delegation emphasized the elimination of tax credits for solar and wind projects as part of the federal reconciliation package will be a huge win for coal, gas and oil producers.
He also said the country has been subsidizing wind and solar energy sources for about 35 years and those sources are still not able to “stand on its own merit.”
“We’ve actually diminished the reliability of our grid by putting intermittent … electricity on that grid,” Cramer said. “You have to have generation and generation that is available 15% of the time isn’t going to build you many server farms.”
Oil and coal have been subsidized for twice as long as renewables. Our gas prices are low because of them.
Someone should start looking really closely at what this dude’s bank account looks like.
