Economic and Financial Thoughts and Comments
A project to put 130 wind turbines on 26 square miles off Nantucket Sound has generated a lot of hot air in Massachusetts -- and Washington. Contained in the arguments pro and con are partial facts, misconceptions, outright lies and hysteria. What we're not getting is a rational analysis of the Cape Wind project's effects on the supply of and demand for electricity in New England.
In the interest of full disclosure, my company has spent more than 23 years in the energy business owning and operating a number of alternative power plants. We are the world's largest seller of "petroleum coke," an alternative fuel, and produce a super-compliance coal and coal-bed methane, an alternative for natural gas. We have also explored wind farming in Kansas and California. Oh, and I own a summer house that overlooks Nantucket Sound.
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