That’s nice, but Americans and American companies can’t afford non renewable energy. Trump needs to triple subsidies over the next 4 years to keep them competitive with renewable energy.
Just a reminder, Trump is not more corrupt or well bribed than Texas, and Texas is one of the largest producers of renewable energy in the Western hemisphere. Money wins over ideology, and there’s a lot more money to be had with solar and wind given the now low upfront costs and nearly non-existent maintenance costs compared to all fossil fuels.
Counterpoint, Alberta exists and low costs benefit the consumer, not the company. I am fully confident that the profit made by oil and gas is significantly more than the tight profit margins in renewables, which means far less money to throw at politicians. Oil and gas can therefore throw much more money at Trump and still be in the black on their ‘investment’, even if you ignore that Trump has deep ideological and political opposition to renewables.
Renewables don’t have tight profit margins, you’re think of nuclear, maybe hydro.
Solar approaches a 100% profit margin after 20 years, wind only ever gets to 90ish but still has the same timeline. Without subsidies, neither oil or coal gets profitable.
No, i’m thinking of solar.
Over decades a solar system will pay back itself many times over, but that’s irrelevant to the question of how big of a money pile can business throw at politicians in the here and now.
That’s determined by the profit margin for companies manufacturing and installing them, which tend to be rather thin given the highly competitive nature of the market. No solar installer anywhere near the profit that oil companies are raking in, and the people owning the panels are usually paying off the loan to install them, using the profits to build more capacity, or saving, not buying off politicians.
Without subsidies there would be far less profit for oil companies, which is exactly why it is so important for them to ‘reinvest’ some of their recent massive profits into continuing and expanding said subsidies and slowing down the adoption of alternatives. Buying off the government with its own money is a benefit since it leaves more for them.