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| Home Front: Politix |
| Solar Trust of America files bankruptcy - the 20th SOLYNDRA |
| 2012-04-03 |
| Posted by:newc |
| #7 Companies go belly up all the time -- it doesn't mean there was political corruption or money laudering or whatever. One reason successful entrepreneurs deserve the huge profits they make is that the risks are high. Why are times so hard for solar companies right now? Three main reasons: 1. Venture capitalists and other financial players identified solar as a potentially huge market and shoveled too much money into it. Too many players and not all could be winners. Something similar previously happened in telecommunications and before that in dotcoms. 2. Solar purchases were being subsidized as a matter of government policy by places like Germany and Spain. When the world economic slowdown was prolonged, these countries reduced their subsidies considerably, hurting demand. 3. Technological advances (especially the Chinese with silicon) have cut the price of solar modules by 80% in 3 years making it hard for many to compete with them. Despite the "Arab street" worldview, not EVERYTHING that happens is the result of a conspiracy or nefarious forces. |
| Posted by: Odysseus 2012-04-03 21:32 |
| #6 Mitsubishi just announced that they are closing doen their wind turbine manufacturing operations. With so many successes I am sure the Algae Energy initiative will be wildly suCcessdul, too. |
| Posted by: George Ebbeamp4828 2012-04-03 17:47 |
| #5 If you file bankruptcy on a loan from Uncle |
| Posted by: George Ebbeamp4828 2012-04-03 12:29 |
| #4 The Blythe project was guaranteed $2.1 bn in Department of Energy loans. The project was to create 1000 shovel ready construction jobs. The solar plant was to create 1000 megawatts of power. (This output would be comparable to a one coal-fired or nuclear plant if it ever got built). There is a pattern of failure in these solar power plants. Where does the money go? What happens to these government guaranteed loans? Is there criminal activity here? Is there money laundering activity tied into Obama's re-election campaign? Will the shovel-ready jobs still be counted as jobs created by this government? Ultimately, what was the true cost of this project with no returns. |
| Posted by: JohnQC 2012-04-03 11:13 |
| #3 $2,100,000,000.00 Congress should investigate to see if everyone of these were fronts for money laundering to political supporters. If so, throw their assses in the clink, impeach the empty suit, and then put the first fraud for President of the United States on his own island, Alcatraz. |
| Posted by: Bigfoot Spaviling5920 2012-04-03 11:02 |
| #2 For more years of this rotten nonsense and we'll all be rooting for Comet Apophis when it comes around. |
| Posted by: SteveS 2012-04-03 01:38 |
| #1 No market save the Fed, + even iff it did no proof that Green Tech is par, let alone superior or dominant, to current Fossil Fuel Techs. Prolly safe to say DITTO even as per ANY FUTURE FOSSIL FUELS TECHS. Its gonna be a lun long Long LONG L-O-N-G ... TWENTY OR MORE YEARS OF BACKRUPTCY AFTER BANKRUPTCY AFTER BANKRUPTCY AFTER ... FOR SOLAR, GREEN TECHS IFF THE US IS GOING TO UNILATERALLY DEPEND ON FOREIGN NATIONS TO GO BACK TO THE MOON + BEYOND. D ***NG IT, HOW MANY COST-PROHIBITIVE "QE"S CAN THE FED GIVE OUT IN TWENTY OR MORE YEARS??? Just in time for COMET APOPHIS + our future OWG-NWO = GLOBAL FED UNION to outlaw FRACKING! |
| Posted by: JosephMendiola 2012-04-03 00:30 |