Originally Posted by mynameisjim

Is there really a lack of electricity? Coal is virtually inexhaustible in America and with a bit of technology, coal plants can be made much cleaner than they are today. The only reason your electricity bill has gone up 2X in the past 3 years is because banks like Morgan Stanly and Citigroup now own electric companies. They don't own any powerlines, they just buy and sell electricity. So they are a non-value added milddleman and jack up the price. Same with natural gas.

Wind power would be great. But if you let the same companies run it, you will be in the same boat. And that's what these guys like T. Boone Pickens want. They will eventually charge the same price for electricity but they'll be able to produce it for cheaper. Energy companies will make more money and everyday people will pay the same.