Just within the last several days recent press releases and news out of the energy industry, paint a vivid picture of the problems facing the energy industry and policymaking.
US Midwest floods may raises coal, electricity prices: Barclays
Houston (Platts)--20Jun2008 Flooding in the Midwest has halted coal deliveries to utilities, possibly leading to an increase in off-peak power prices in the Midwest Independent System Operator, the PJM Interconnection, and Southeast US markets
This month, an important bill came up for vote in the Senate: the Renewable Energy and Job Creation Act of 2008. It had already passed the House on May 21 (click here to see how everyone voted), and was now seeking what seemed to be a clear path to pass the Senate. After all, this bill offered benefits to all Americans, benefits so clear that only...well, only a politician working with goals other than his constituents' best interests would vote against it, right?
themiddleclass.org has an excellent summary and discussion of this bill and its benefits. In short, this bill:
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