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The revolution that wasn't

Dialog - SAN DIEGO UNION-TRIBUNE

W. Erik Bruvold, NATIONAL UNIVERSITY SYSTEM INSTITUTE FOR POLICY RESEARCH

Sunday, September 18, 2011

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The disconnect between the hype and reality was entirely predictable. Energy may be one of the best examples there is of a commodity good. Your toaster doesn’t care whether the electrical current it needs to operate is produced by one kind of solar panel or another. Nor can it distinguish electricity from different natural gas plants. To it, one electron is in distinguishable from another – the classic definition of a commodity good.