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For the last half decade, renewable energy lobbyists have claimed that electricity from solar & wind is *already* cheaper than existing electricity. Now, Congress is about to give solar & wind industries another $238 billion in subsidies. Fascinating.
These subsidies should further reduce the incentive by US oil and gas firms to expand production.
A win-win-win for the Saudis, Chinese solar panel makers, and investment bankers!
#BuildBackBlackrock
A win-win-win for the Saudis, Chinese solar panel makers, and investment bankers!
#BuildBackBlackrock
