“Assisted by technological innovation and years of subsidies, the cost of wind and solar power has fallen sharply — so much so that the two industries say that they can sometimes deliver cleaner electricity at prices competitive with power made from fossil fuels. At the same time, wind and solar companies are telling Congress that they cannot be truly competitive and keep creating jobs without a few more years of government support…. But the lobbying by the wind and solar industries comes at a time when there is little enthusiasm for alternative-energy subsidies in Washington.” (New York Times)

Just a few more years . . .

FEE Timely Classic
“Unintended Consequences in Energy Policy” by David R. Henderson

“Ener1, an electric car battery company that the Obama administration awarded a $118 million stimulus grant to expand its operations, filed for Chapter 11 bankruptcy protection Thursday after being unable to repay pressing debts.” (Washington Post)

Picking losers.

FEE Timely Classic
“Can Industrial Policy Work?” by Frank W. Bubb