But there's no fundamental reason for the price to be higher than $150 - it might stabilize at that level on the argument that at that level alternative energy infrastructure becomes profitable.
2 years abowe $100 and the long-term expectations will set in and change the game. When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes
In the long run, we're all dead. John Maynard Keynes
For instance, suppose the break-even price is $50, so $80 for 15 years is $30 over break-even for 15 years. Could you get away with $90 over the threshold for 5 years? That would be $140 for 5 years, which you can now perfectly hedge in the forward market. When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes
And as wind grows, it pulls marginal prices down, thus threatening its own viability. Thus, as I noted before, it's likely that wind will need feed-in tariffs even as fuel prices are very high... In the long run, we're all dead. John Maynard Keynes
