Climategate--The Final Chapter
#241
Gets Weekends Off
Joined APC: Nov 2006
Position: 767 FO
Posts: 8,047
#242
Just the facts please:
"Solyndra was just the appetizer. Earlier today, in what will come as a surprise only to members of the administration, the company which proudly held the rights to the world's largest solar power project, the hilariously named Solar Trust of America ("STA"), filed for bankruptcy. And while one could say that the company's epic collapse is more a function of alternative energy politics in Germany, where its 70% parent Solar Millennium AG filed for bankruptcy last December, what is relevant is that last April STA was the proud recipient of a $2.1 billion conditional loan from the Department of Energy, incidentally the second largest loan ever handed out by the DOE's Stephen Chu. That amount was supposed to fund the expansion of the company's 1000 MW Blythe Solar Power Project in Riverside, California. From the funding press release, "This project construction is expected to create over 1,000 direct jobs in Southern California, 7,500 indirect jobs in related industries throughout the United States, and more than 200 long-term operational jobs at the facility itself. It will play a key role in stimulating the American economy,” said Uwe T. Schmidt, Chairman and CEO of Solar Trust of America and Executive Chairman of project development subsidiary Solar Millennium, LLC." Instead, what Solar Trust will do is create lots of billable hours for bankruptcy attorneys (at $1,000/hour), and a good old equity extraction for the $22 million DIP lender, which just happens to be NextEra Energy Resources, LLC, another "alternative energy" company which last year received a $935 million loan courtesy of the very same (and now $2.1 billion poorer) Department of Energy, which is also a subsidiary of public NextEra Energy (NEE), in the process ultimately resulting in yet another transfer of taxpayer cash to NEE's private shareholders."
North Korean missles? Can their centrally planned world get one to fly for more than ninety seconds?
Is it too much to ask for an energy source to make economic sense?
The only superstition we are dealing with now is that a centrally planned economy can actually work, and believe me, there are a lot of superstitious savages out there that think it can despite a century of proof to the contrary.
"Solyndra was just the appetizer. Earlier today, in what will come as a surprise only to members of the administration, the company which proudly held the rights to the world's largest solar power project, the hilariously named Solar Trust of America ("STA"), filed for bankruptcy. And while one could say that the company's epic collapse is more a function of alternative energy politics in Germany, where its 70% parent Solar Millennium AG filed for bankruptcy last December, what is relevant is that last April STA was the proud recipient of a $2.1 billion conditional loan from the Department of Energy, incidentally the second largest loan ever handed out by the DOE's Stephen Chu. That amount was supposed to fund the expansion of the company's 1000 MW Blythe Solar Power Project in Riverside, California. From the funding press release, "This project construction is expected to create over 1,000 direct jobs in Southern California, 7,500 indirect jobs in related industries throughout the United States, and more than 200 long-term operational jobs at the facility itself. It will play a key role in stimulating the American economy,” said Uwe T. Schmidt, Chairman and CEO of Solar Trust of America and Executive Chairman of project development subsidiary Solar Millennium, LLC." Instead, what Solar Trust will do is create lots of billable hours for bankruptcy attorneys (at $1,000/hour), and a good old equity extraction for the $22 million DIP lender, which just happens to be NextEra Energy Resources, LLC, another "alternative energy" company which last year received a $935 million loan courtesy of the very same (and now $2.1 billion poorer) Department of Energy, which is also a subsidiary of public NextEra Energy (NEE), in the process ultimately resulting in yet another transfer of taxpayer cash to NEE's private shareholders."
North Korean missles? Can their centrally planned world get one to fly for more than ninety seconds?
Is it too much to ask for an energy source to make economic sense?
The only superstition we are dealing with now is that a centrally planned economy can actually work, and believe me, there are a lot of superstitious savages out there that think it can despite a century of proof to the contrary.
#243
Banned
Joined APC: Apr 2009
Position: electron wrangler
Posts: 372
Re: Climategate--The Final Chapter
Also, the cost of every new technology like renewable energy always cost more in the beginning but renewables have the potential to be exponentially cheaper, safer and cleaner without the hidden costs.
I agree with this one point of the video but not the way they intended.
#244
Remember my assertion that when all the hidden costs for a gallon of gasoline, ie a standing army to protect the source, are included, it's probably north of $20 per gallon?
Also, the cost of every new technology like renewable energy always cost more in the beginning but renewables have the potential to be exponentially cheaper, safer and cleaner without the hidden costs.
I agree with this one point of the video but not the way they intended.
Also, the cost of every new technology like renewable energy always cost more in the beginning but renewables have the potential to be exponentially cheaper, safer and cleaner without the hidden costs.
I agree with this one point of the video but not the way they intended.
#245
Gets Weekends Off
Joined APC: Nov 2006
Position: 767 FO
Posts: 8,047
Remember my assertion that when all the hidden costs for a gallon of gasoline, ie a standing army to protect the source, are included, it's probably north of $20 per gallon?
Also, the cost of every new technology like renewable energy always cost more in the beginning but renewables have the potential to be exponentially cheaper, safer and cleaner without the hidden costs.
I agree with this one point of the video but not the way they intended.
Also, the cost of every new technology like renewable energy always cost more in the beginning but renewables have the potential to be exponentially cheaper, safer and cleaner without the hidden costs.
I agree with this one point of the video but not the way they intended.
#246
Mexico has no large standing army, they produce their own oil and isn't it odd that they don't pay an imaginary $20 dollars a gallon?
Canada has a very small army, they produce their own oil, and it is not priced at an imaginary $20 dollars a gallon.
The list goes on, but the world price of gasoline varies by country for one reason-taxes.
Canada has a very small army, they produce their own oil, and it is not priced at an imaginary $20 dollars a gallon.
The list goes on, but the world price of gasoline varies by country for one reason-taxes.
#247
Remember my assertion that when all the hidden costs for a gallon of gasoline, ie a standing army to protect the source, are included, it's probably north of $20 per gallon?
Also, the cost of every new technology like renewable energy always cost more in the beginning but renewables have the potential to be exponentially cheaper, safer and cleaner without the hidden costs.
I agree with this one point of the video but not the way they intended.
Also, the cost of every new technology like renewable energy always cost more in the beginning but renewables have the potential to be exponentially cheaper, safer and cleaner without the hidden costs.
I agree with this one point of the video but not the way they intended.
There are NO renewable energy sources that are "exponentially cheaper". There aren't any renewable energy sources cheaper.
If so, EVERYONE would be using them. Do you think we like funding big oil for kicks??
Again, I say this being respectful. If you truly believe and stand for what you are preaching here, then you need to give up everything in your life and stand by your word. Otherwise, you are a hypocrite.
#249
Oh No They Didn't ...
Oh yes they did!
First they fund the campaigns of our "we're not going to let lobbyists in Washington" government. Then they get a half-billion dollar kickback loan despite being on a sinking ship. Then, after they go bust and the money is stolen and everyone wondering what happened and where they money went, they leave behind toxic waste that the taxpayer will have to cleanup. But I thought this stuff was renewable and clean?
You just can't make this stuff up!!!
Solyndra Not Dealing With Toxic Waste At Milpitas Facility « CBS San Francisco
First they fund the campaigns of our "we're not going to let lobbyists in Washington" government. Then they get a half-billion dollar kickback loan despite being on a sinking ship. Then, after they go bust and the money is stolen and everyone wondering what happened and where they money went, they leave behind toxic waste that the taxpayer will have to cleanup. But I thought this stuff was renewable and clean?
You just can't make this stuff up!!!
Solyndra Not Dealing With Toxic Waste At Milpitas Facility « CBS San Francisco
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