Today’s column by Thomas Friedman, “Denmark is flush with energy” is a worthy read.
The most chilling comment comes at the end when Ditev Engel, the President of Vestas- now the world’s largest wind turbine company-points out he can’t understand why the U.S. Congress didn’t extend the production tax credits for wind production. As a result 35 competitors for Vestas have emerged in China in the past 18 months and none from the U.S.
The Daily Score pointed out another interesting quote on high oil prices from that article – this one from the center-right Prime Minister, Anders Fogh Rasmussen: “The cure is not to reduce the price, but, on the contrary, to raise it even higher to break our addiction to oil. We are going to introduce a new tax reform in the direction of even higher taxation on energy and the revenue generated on that will be used to cut taxes on personal income – so we will improve incentives to work and improve incentives to save energy and develop renewable energy.”