One of my favorite econobloggers has done the near impossible; he has read more than half of the "'American Clean Energy and Security Act of 2009'' and finds it is not only 1201 pages long but filled with impossibilities, fantasies, and nonsense masquerading as legislative wisdom.
Read Congress' Folly...; you will be enlightened. A brief excerpt to whet your appetite:
Further down the road: Peak Demand Reduction Programs using a "Smart Grid", which I read as basically saying that rather than providing energy for peak demand use, the grid will react to peak demands by ... reducing peak demand. Sorry, I really did try to figure that one out, but all that is talked about is reducing peak demand. Not how, except by inference by cutting power to users.
In other words, what are now called brownouts.
Read it all and savor the madness of our legislators, a body of men and women who strive to prove King Canute wrong...
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