The Pain in Spain

is falling mainly on the heavily subsidized "green energy" program. In my last post, I mentioned that I had flagged the "peak oil" conundrum in the Sustainability course. Furthermore, since Doug and I first heard the initial report, now several years ago, about problems in the Spanish solar/wind power industry, I have also been highlighting that as something to watch. Indeed, there is more news developing on that front. The link itself is from Walter Russell Mead's blog, but I appreciate the tip from Instapundit.