Monday, December 10, 2012

The Popping of the Renewable Energy Bubble Is Something to Behold

Check out this chart of the RENIXX Renewable Energy Index (h/t Business Insider).  It peaked at 1918.71 in December 2007 and closed last week at 159.36, which means it has lost 92% of its value in 5 years despite extensive subsidies by the federal government.  As Romney said during a debate, the government doesn't pick winners and losers, they just pick losers.

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