VitalAccurateThinking

Power Tradeoffs

This story on coal-fired electric plants illustrates the nature of economic trade-offs. Some reporters want to see electricity prices go down when natural gas prices go down without really understanding the market dynamics, while others stand in the way of possible alternatives. The way alternatives work is they come with a price.

This is similar to politicians who want to wean the US off of foreign oil dependence, but stand in the way of domestic drilling initiates or alternate energy generation in their neck of the woods.

Once again, is it economic ignorance or hypocrisy at work here? Take your pick. I am not sure which one is worse.

posted by Jim VAT @ 7:02 PM