I recently attended a conference sponsored by the American Council on Renewable Energy or ACORE. Although ACORE is set up as an educational organization under the Internal Revenue Code, it mostly behaves as a trade association promoting the financial interests of investors in wind and solar energy. The conference was held in Washington, D.C., close to the gusher of money that supports the wind and solar industries. The conference participants were uniformly worried that government subsidies might be reduced. One speaker cautioned that the subsidies should be called “incentives”. According to that speaker, subsidies are what the fossil fuel industry gets. Renewable power has serious problems, apart from costing too much. Wind doesn’t work if there is no wind and solar doesn’t work at night. The proprietors of solar and wind expect the electrical grids to accept and pay for all the power they can provide, whenever they provide it. If a cloud drifts in front of...(Read Full Article)