Reply #20: The stock market boom of the 1990s was driven by Greenspan-ish unregulated derivatives [View All]

[Kolesar]

That is how I understand it.

I am not with Michael Lind on this:

The moment when much-hyped alternative energy sources like wind and solar become competitive with fossil fuels and nuclear energy seems to perpetually recede into the future. The all-renewable energy sector is 30 years away -- and always will be.

Wind power is competitive with nuclear and gas fired generation. Wind is competitive with new coal plants. Coal fired electricity from old plants that have already been amortized (paid off) is cheaper than wind power, but those plants won't last forever.