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As I'm reading this, I'm also watching the California Energy Commissioner on CNBC, the business channel, who is saying much the same thing. He is couching his discussion in terms of energy storage capacity, the most easily understood part, and saying things like "the market will sort it out" which will appeal to their target audience, but he is preaching the same sermon as something California is actively working on.
by greatferm (greatferm-at-email.com) on Mon Aug 19th, 2013 at 11:59:54 AM EST
The market only finds local optima. One of many market failures, but the one relevant in this case.
by mustakissa on Wed Aug 21st, 2013 at 09:03:20 AM EST
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And beyond that "the market" as some force of nature is a fiction: the real world market is formed by laws and rules. The "solution that the market finds" depends in part on what solutions the market as constructed by those specific laws and rules is allowed to evaluate.

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 Wed Aug 21st, 2013 at 04:24:00 PM EST
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