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you could say that, I suppose. You might want to add the budget of the DoD, highway patrol etc..., to the price of oil, and you'd suddenly get a subsidy of several hundred percent to oil producers.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Sat Jan 19th, 2008 at 09:51:45 AM EST
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Comparing a tax credit with the DoD budget is not exactly apples to apples.

What you're saying is that wind needs a wholesale price of $50 to $60 per MWh but that the wholesale price that can be locked in with long-term contracts is $30 to $40.

We have met the enemy, and he is us — Pogo

by Migeru (migeru at eurotrib dot com) on Sat Jan 19th, 2008 at 09:56:04 AM EST
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And so was I.

And the reason long term prices cannot be locked at higher levels is because it is difficult to force utilities to buy power at a higher price than they can get from coal-fired plants, especially older ones that have been grandfathered and do not have to fulfill all pollution and emission requirements and have to pay neither the environmental damage of strip mining, mountaintop removal or global warming.

So yes, I object to any expression that makes it look like wind gets huge subsidies.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Sat Jan 19th, 2008 at 10:03:47 AM EST
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