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Wednesday, November 2, 2011

CNBC Segment on Energy Economics



Facts on the cost of generating electricity (per kilowatt hour):

Natural gas: 3.5-4.5 cents
Coal: 4-5 cents
Hydro: 4 cents
Nuclear: 8 cents
Wind: 7-9 cents
Solar: 15-50 cents

Question: Why as a country are we investing billions of dollars in the most expensive option (solar) and ignoring the cheapest (natural gas), especially when the U.S. is the "Saudi Arabia of natural gas"? 

HT: Warren Smith

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