Obama's federal land grab
Federal-and-state-sponsored renewable programs are being pursued without any regard for the economic consequences. The electricity they produce will be guaranteed a market at a price that makes them profitable, whatever it may be. As David Crane, CEO of NRG Energy, told the New York Times about California-sponsored solar project his company is building: "I have never seen anything that I have had to do in my 20 years in the power industry that involved less risk."
August 16, 2012
by William Tucker
in American Spectator
Enviros used to oppose any use of America's federal lands. Now they want it to be the source of "renewable energy." Welcome to America's two economies.
Three weeks ago, Dan Henninger of the Wall Street Journal wrote about how under the Obama Administration the country is really splitting into two economies, one public, one private. More and more the government is trying to replace private markets in the decision of what gets built, when and how.
Little did he know. As if on cue, the Administration a week later announced it will be starting a full-scale initiative to build... [continue via Web link]