"The wind industry’s main trade association is predicting that new installations will fall to zero without a renewal of the production tax credit, which applies only to projects finished by New Year’s Eve. Since renewal is iffy, some wind machine factories are already shutting down, as my colleague Diane Cardwell reported on Friday."
"Recent action by Koch Oil Sands pulls the curtain back further on the Koch family's deep but quiet involvement in Canada's oil sands industry."
"A coal-fired power plant in Billings, Montana, will be mothballed starting in April 2015 because it will cost too much to comply with new emissions reductions required by the government, plant owner and operator PPL Montana said on Wednesday."
"Searing droughts in the United States and Russia will deplete harvests of wheat, corn and soybeans, the U.S. government said on Wednesday, but global food supplies were not hurt as badly as many had feared."
"If you get to talking to Eric Latino about his 1969 Pro Modfied Camaro, which he'll be racing this weekend in the 'Thunder by the Beach' drag-racing meeting at the Grand Bend Motorplex, he might tell you that race cars are painted almost any colour except green."
"The number of poor Americans who repeatedly ran short of food shot up by 800,000 in 2011 to nearly 17 million compared with 2010, the U.S. government said on Wednesday."
The dramatic drop in the price of natural gas as a result of the U.S. fracking boom may doom the profitability of future coal-burning power plants. It is just one example of how imperfect information about the future makes energy markets uncertain and risky.
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