Dick Downey reports a “fractivist” ended the recent Otsego County Natural Gas Advisory Committee’s meeting by intoning the following statement:
A dollar spent on natural gas is one less dollar spent on renewables.
Very deep, but what does this mean? It’s probably about subsidies, so let’s scroll back to Economics 101.
Demand determines where money is spent in free markets. However, in command-and-control societies, the money goes where the kings and commissars (the elites) deem it best. Our society is a little of both, but thankfully, still more of the former. So, in spite of loan guarantees, tax credits, state supported rebates, state mandates and quotas, direct subsidies and grants, and manipulated tariffs, renewables still fail to make the market.
http://eidmarcellus.org/marcellus-shale/renewables-versus-natural-g...
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