Lynne Kiesling
Ron Bailey gets the quote of the day from this post about how cheap natural gas is roiling various energy markets, including renewables and nuclear:
Can an energy source be all that bad if it scares the two most heavily subsidized sectors of the electric power generation industry?
I thought the two most heavily subsidized sectors of the electric power generation industry were regulators and legislators. With other forms of investment in generation, you put money in and eventually some power will come out. With regulators and legislators, the money goes in but they keep all of the power to themselves.
This is a more significant quote from the Washington Post article: “In North Carolina, Duke Energy’s new Buck natural gas plant is producing power 30 percent cheaper than the company’s renovated Belews Creek plant, one of the most efficient coal plants in the country.”
That is a coal plant not far from coal mines and a natural gas plant that sits farther from significant natural gas production areas, and still the economics stack against the coal plant.