Tuesday, April 3, 2012

Words fail me


I understand the burning desire to see alternative energy projects succeed but the government has never been good a picking winners and losers.  The story excerpted and linked below is merely the tip of the iceberg when it comes to failed alternative energy projects.  The only way these projects were ever going to work was if a global carbon tax were put in place.  That will never happen - and if it did who would make China, India, Russia et. al. play by the rules?  Green Peace?  They cannot even whip a Japanese whaling ship! - and that loud sucking sound you hear is billions upon billions of taxpayer dollars being flushed down the toilet.  Governments all over the world played Venture Socialist for the last 20 years and are no reaping what they sowed.  Spain, Germany, the UK, the US, Australia and others swan we allowed Al Gore's bait hook, line and sinker.  Now what?  In Australia, I kid you not, they are mothballing a giant failed solar plant with grant money intended to turn it into a World Heritage site.  Arrrrrggggh.

Can we please focus on real world market based solutions to the real and pressing problems we have!

STA was the proud recipient of a $2.1 billion conditional loan from the Department of Energy, incidentally the second largest loan ever handedout 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." 
On the bright side it doesn't look like the thieves will get to keep the money like they did in the Solyndra debacle.


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James L. Salmon, Esq.
Collaborative Construction
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