Green energy sounds like such a great idea. Unfortunately, it is extremely costly and requires heavy government subsidies. Last year, the epic downfall of Solyndra — the former solar cell manufacturer backed by the Obama administration — was one of the most notorious blows to the industry. As with most young industries, experts argue that ... MORE
Showing posts with label solar power. Show all posts
Showing posts with label solar power. Show all posts
Greg Pollowitz: Al Gore No Longer Investing In Green Tech
One loser identifies another. Via The Street. Why does Al Gore hate America’s green-tech industry and love China and Bain Capital? When Al Gore talks, people listen. Just ask the folks who hand out Academy Awards and Nobel Peace Prizes. Al Gore also talks to investors. Since 2007, the former Vice President in Bill Clinton’s administration has been ... MORE
Gerri Willis: Obama's Crony Capitalism
One of the few growth industries. A new report out today from the solar industry touts a surge in the use of solar panels. The report states U.S. solar installations more than doubled in the second quarter of this year up 116%. In total, the U.S. now has 5,700 megawatts of solar capacity, enough to power more than 940,000 households. It all sounds great, but that's ... MORE
Michael Barone: An Economic Tale Of Two Cities
Central planning vs the wisdom of markets. This is a tale of two cities. No, not Dickens' phlegmatic London and passionate Paris. Nor the two neighborhoods Charles Murray contrasted in his recent bestseller "Coming Apart" -- prosperous but isolated Belmont (actually, Mitt Romney's home for decades) and needy and disorganized ... MORE
Labels:
central planning,
cities,
energy,
green,
jobs,
Obama,
oil,
prosperity,
solar power,
Solyndra
Martin/Snyder: Taxpayers Bitten By Crony Capitalism Again
Another Solyndra-type boondoggle goes up in smoke. Abound Solar Inc., a U.S. solar manufacturer that was awarded a $400 million U.S. loan guarantee, will suspend operations and file for bankruptcy because its panels were too expensive to compete. Abound borrowed about $70 million against the guarantee, the Loveland, Colorado-based company said ... MORE
Ross Kaminsky: A Dark Day For Solar Power
An unaffordable feel-good luxury. First Solar Corporation was indeed first at something: It was the first solar company to lose more than $15 billion of market value. FSLR's stock plummeted from $140 per share a year ago, and $170 a few weeks before that, to under $21 per share early this week before rebounding modestly on Tuesday. In fact $15 billion ... MORE
Labels:
business,
demand,
energy,
environment,
government,
industry,
politics,
solar power,
subsidies
Christopher Chantrill: The Optics Of Obama's Failures
Of socialized medicine, green energy and Keynesian economics. People are starting to worry that President Obama might be wobbling on his visionary "all of the above" program to bring on the green energy millennium, what with $5.00 gas in the Northeast states. But don't worry. Even though the administration will be changing its "optics" on energy by featuring ... MORE
Washington Times: Global Warming Greed
641 programs throw tax dollars at windmills/solar panels. It’s only now becoming clear how many people have become rich thanks to the global-warming scare. Politicians from both parties have been so afraid of being labeled a “denier” that they’ll vote for any piece of legislation bearing the trendy green label. The numbers are adding up fast. ... MORE
Ethan A. Huff: Obama Turns Crony Capitalism Green
Firms burn through tax dollars, give bonuses, go bankrupt. The Obama Administration's green energy development program, which has leveraged billions of taxpayer dollars into high-risk green energy startups, is rapidly turning out to be one of the biggest financial scams on the American people in recent history. A new investigative report by ABC News ... MORE
IBD Editorial: When Global Warming Freezes Over
Alarmists have looked foolish for quite some time now. Global warming alarmists won't give up their campaign to spread fear and backward thinking until an ice bridge stretches from New York to Paris. Science, though, says they should. Al Gore, who invented global warming hysteria, has most recently been found planning a trip to Antarctica where he will ... MORE
Tim Cavanaugh: I, Panel
Solyndra's story, with apologies to Leon Read. I am a solar panel—not the ordinary flat solar panel familiar to all boys and girls and adults who hope for greener energy sources. I’m actually much more sophisticated and much less useful than those. I’m a cylindrical-tube panel manufactured by Fremont, California-based Solyndra LLC. According to my creators ... MORE
Gene Healy: Obama's Solyndra Silence
President hides from green energy boondoggle fallout. On Friday, citing "longstanding and important Executive Branch confidentiality interests," White House counsel Kathryn Ruemmler refused a House panel's demand for "all communications among White House staff and officials" relating to Solyndra. Solyndra is one of the administration's pet "green energy" ... MORE
Labels:
crony capitalism,
energy,
green,
liberalism,
Obama,
politics,
solar power,
Solyndra,
spending
Investors Business Daily: California's Economic Suicide
Proof that the mind is a terrible thing to waste. Regulations finalized by the California Air Resources Board establish the nation's first state-run cap-and-trade regime. Despite Solyndra, the state will gather solar panels while it may. The 262 pages of regulations implementing California's 2006 global warming legislation, Assembly Bill 32, approved by CARB last Thursday, will ... MORE
Matthew Daly: Obama Admin Approves $1B in Solar Loans
It worked so well with Solyndra. The Energy Department on Wednesday approved two loan guarantees worth more than $1 billion for solar energy projects in Nevada and Arizona, two days before the expiration date of a program that has become a rallying cry for Republican critics of the Obama administration's green energy program. Energy Secretary Steven Chu ... MORE
A. Barton Hinkle: The Renewable Energy Boondoggle
The truth about wind and solar power. Last month Glen Besa, the director of the Sierra Club's Virginia chapter, rebuked Dominion Virginia Power for failing to "jump-start the clean, renewable energy industry in Virginia. ... Offshore wind, which is plentiful off Virginia's coast, could create 10,000 jobs in the commonwealth. It is time for Dominion to make major investments ... MORE
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