The ethanol industry is suffering and The Wichita Eagle asks, “Will wind energy follow ethanol’s path?“
The answer is: Possibly. It depends on politics, the health of the credit markets and the price of coal, oil and natural gas.
Oil prices are moving up, recently exceeding $70 bbl in NYMEX trading, but gas and coal prices haven’t followed. For ethanol, oil prices are more important; for wind, gas and coal. Credit markets seem to be opening up a bit, but slowly. What about politics?
“[Wind power] polls extremely well,” [AWEA policy director Rob Gramlich] said. “Both Republicans and Democrats support it.”
I guess if you can’t be good, it is good to be popular.
HT to the Caprock Plains Wind Energy Association.