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but electricity prices follow gas prices with a lag, and gas prices follow oil prices with a lag (and with quite independent short term variations).

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

by Jerome a Paris (etg@eurotrib.com) on Tue Jun 24th, 2008 at 04:08:45 PM EST
[ Parent ]
Yes, as a matter of pure Keynesian trade policy, it is only common sense to pull wind off the margin and into the baseline.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Tue Jun 24th, 2008 at 06:14:57 PM EST
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