Monday, January 23, 2017

Market forces and energy

Thanks to @BorensteinS for linking to this Bloomberg article. Wyoming wants to raise the cost of wind energy via taxes, just to promote coal and natural gas. This can of course do some damage, but it shows how market forces are arrayed against those legacy energy sources. Not surprising, but yet again sadly ironic how the pro-market ideology goes out the window when it's convenient. Populism run amok.

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