This is another reason why deflation is bad! When prices drop, we seem to always end up subsidizing somebody: Farmers, Oil drillers, wind farms, bankers, etc. And some beeks think electricity prices are going through the roof :?
I completely agree with the article; it is ridiculous to subsidize dumb investments by the 1%er, like the wind mills (and solar cells). When those guys make a bad bet, they should get just as much compensation for losses as I get when I make bad bets and loose money: which is $0. As usual the system to rigged so they never lose money; I’m sure that was in the fine print of the contract :evil:
Even Boone Pickens didn’t expect Natural Gas prices to implode like they have done. Really nobody predicted such a huge drop in NG prices. That alone puts the kibosh on all other power sources for generating electricity. Now if somebody can only get the stuff to power our cars and trucks in an efficient manner we'll be on easy street for while :)