The following article was inspired by a recent magazine story about the difficulties faced by the wind turbine industry, as it deals with further delays in gaining yet another extension of the 20-year-old Production Tax Credit (PTC) for generating electricity sporadically, unreliably and at great expense using wind energy. We thought the situation would be much clearer and more accurate, if another Eighteenth Century technology were substituted for wind energy, in discussing wind energy subsidies.
Jobs and the economy – these messages are being trumpeted as of utmost importance to our nation during this presidential campaign season. Meanwhile, with the BlackSmith industry still on pins and needles regarding another extension to the BlackSmith Tax Credit (BS-TC), no orders have been placed for nails, hinges or other items made by BlackSmith shops in the United States for 2013.