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I thought the stimulus was all about creating jobs, jobs, jobs in
Green Energy and stuff. Apparently not. "Mr. Pickens cited several factors that caused him to alter his plans, including lack of transmission lines and a fall-off in the price of natural gas, with which wind competes as a power source. The project was also hurt by the financial turmoil that has stymied activity across the once-popular renewable energy industry. “Everything kind of slowed us down,” Mr. Pickens said. Mr. Pickens’s struggles are symptomatic of a broader reversal of fortune for wind developers. This year, Emerging Energy Research, a consulting firm, expects a drop of nearly 25 percent in the amount of new wind power installed compared with last year. Two crucial provisions to aid renewable energy in the stimulus package passed in February have yet to be introduced, Keith Martin, a tax and project finance specialist with the law firm Chadbourne & Parke, said." http://dealbook.blogs.nytimes.com/20...ous-wind-farm/ ----- OBAMA OBAMA OBAMA!!! |
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