These projects had been cited as proof that….Bidenomics was working. Who could have guessed that high inflation and surging interest rates were not conducive to the completion of vast wind farms? //

The Denmark-based energy firm said its board of directors voted to ax its high-profile Ocean Wind 1 and Ocean Wind 2 twin projects in response to changing macroeconomic factors, including high inflation, supply chain bottlenecks and rising interest rates. //

Close The Fed | November 3, 2023 at 9:37 am
How the left copes with the cognitive dissonance of despising oil because of oil spills that injure animals yet push windmills that slice and dice birds and kill whales, and solar panels that fry birds, baffles me. //

George S | November 3, 2023 at 10:40 am
What governments dont understand about economics (well they do, but they pretend for the sake of votes from voter ignorance):

If government decrees that each homeowner shall hire two people to dig a hole in their yard in the morning and two people to fill in that hole in the afternoon it creates four full time jobs.

But what’s the catch? The homeowners don’t want holes dug in their yards so they are being forced to pay for services they don’t want. An economy can only grow — and be sustained — if there is a mutual exchange of wealth, where both parties benefit.

Where is the exchange of wealth in building wind farms? That’s why they fail.