Re: cheap power
I all comes down to how. The exact process matters an example is the way some American distilleries produce ethanol fuel. Electricity powered stills distilling corn bought on the food market the ethanol dried so it can mix with gasoline. If you tried you couldn't think up a more inefficient process you wouldn't do it except it was a Presidential request. Only fuel subsidy's make it doable. A far cry from the farmer/moonshiner with a still in his barn that was the Image in Obama's mind. The corn grown on the farm, the corn cobs firing the boiler the model T' in a shed to use it. Trying to industrialize that process has only introduced and magnified inefficiencies. If one now imagines that same barn moved to the other side of the corn field, adjacent to a gas station on an interstate the output of the still filling a gas pump.