Schumpeterian Waves of Creative Destruction and Turmoil in the Energy Markets from Shale Gas
From the Washington Post:
"Cheap natural gas has also thrown energy markets into turmoil. It is impossible for almost any other source of electric power to compete, especially coal and nuclear. By trimming fuel bills, cheap gas has reduced incentives for energy conservation and efficiency. And it has left solar and wind, despite their own falling costs, heavily dependent on government mandates in California and roughly 30 other states, including Maryland."