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Resource ID: #18257
Subject: Energy
Source: American Prospect
Affiliation: 
Date: Aug. 27

Description

The American Prospect looks at problems with energy deficiencies in Illinois, Ohio and New York. The reporter finds that "California isn't a unique failure" because "electricity and deregulation just don't mix." The story explains that electricity cannot obey the supply and demand laws, because it cannot be stored except in minuscule quantities. "Deregulated markets have had to operate at mind-boggling levels of complexity that make the old regulatory approach seem like the very soul of efficiency," reports the magazine.

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