I standed corrected...it's $ 9 billion in loan losses.
..
The Obama administration is in a race against the clock to close by month's end more than a dozen renewable-energy loan guarantees totaling $9 billion. Of that, just over $3 billion would come from the federal government's coffers.
It now has to do that amid an escalating political battle over a federally backed solar company spiraling into bankruptcy and facing an FBI probe. President Obama once praised the company, California-based Solyndra, as "the true engine of economic growth."
At a House hearing Wednesday, there was bipartisan concern about risking more taxpayers' dollars on renewable energy projects that ultimately fail. While Republicans' rhetoric was more heated, Democrats agree it is a critical issue.
And surprise, surprise. Realclimate.org was created by none other than Michael E. hockey stick Mann among others with similar political interests. Its supposed to be science without politics not political science to an extreme.
Sorry for the delayed response to your question on the solar panels at the Denver Museum of Natural History, it isn't about disproving AGW, it is about the 110 year payback for the system Obama thinks is so great an example of our future.
Remember Goliad wrote: The number of job gains in renewal energy since Obama started the GReen Bubble has been defeated by the number of losses. Additionally, over $ 1 billion dollars have been wasted on companies that are now bankrupt with government loans.
Exactly! And I think it is far more than a billion wasted. And Obama was fighting to give that last one another half a billion right before they went under. Now he wants to keep trying it on an industry that is not going to work right now.
Remember Goliad wrote: I standed corrected...it's $ 9 billion in loan losses.
..
The Obama administration is in a race against the clock to close by month's end more than a dozen renewable-energy loan guarantees totaling $9 billion. Of that, just over $3 billion would come from the federal government's coffers.
It now has to do that amid an escalating political battle over a federally backed solar company spiraling into bankruptcy and facing an FBI probe. President Obama once praised the company, California-based Solyndra, as "the true engine of economic growth."
At a House hearing Wednesday, there was bipartisan concern about risking more taxpayers' dollars on renewable energy projects that ultimately fail. While Republicans' rhetoric was more heated, Democrats agree it is a critical issue.
More jobs with good pay and an increased supply of fossil fuels? Can it get any better?! Well, yes it can because up in Nor-Dak you can get some hot dish when you have a little lunch!
I can explain it to you but I can't understand it for you.
"Any man who thinks he can be happy and prosperous by letting the Government take care of him; better take a closer look at the American Indian." - Henry Ford
Corruptissima re publica plurimae leges; When the Republic is at its most corrupt the laws are most numerous. - Publius Cornelius Tacitus
"Hilariously, the push for coal is being led by Europe, ground zero of the "green movement" which finally realized that one can't burn fake virtue or melt posing in front of camera in the winter to keep warm, and is boosting coal purchases to ensure it can keep power flowing to homes and factories after Russia cut gas supplies to the continent. Germany, which not long ago promised to eliminate coal as a power source by 2030, is among the nations now importing more. Economy Minister Robert Habeck called the increased reliance on coal bitter but necessary. Spoiler alert: Germany will not eliminate coal as a power source by 2030, if anything it will be more reliant on it than ever unless it also restarts its nuclear power plants which it, idiotically, shut down not long ago.
Never one to admit it was dead wrong, however, Europe has a response to everything: “Right now the sentiment is that more coal is better than more Russia,” said Alex Msimang, a London-based partner at law firm Vinson & Elkins LLP specializing in the energy sector.
Whatever dude."
"Edit to add: had we already been putting in renewables, at the pace that Germany had been doing, many of us would already have free electricity."
ScienceChic wrote: Short-term: fossil fuel as the infrastructure is already in place. Long-term: renewable as it'll become cheaper. Unfortunately, the short-term pricing of fossil fuels doesn't factor in the price of environmental damage in the pipeline if continued, otherwise renewables would be cheaper from the get-go.
Edit to add: had we already been putting in renewables, at the pace that Germany had been doing, many of us would already have free electricity.
The Germans have installed over 10,000 megawatts of solar panels in the past two years, enough to power 2 million American homes (or most of Los Angeles, Calif.). If Americans installed local solar at the same torrid pace, we could already power most of the Mountain West, and could have a 100 percent solar nation by 2026, while enriching thousands of local communities with new development and jobs.
The spread of solar has also been in harmony with environmental goals. Rather than covering natural areas or fertile land with solar panels, 80 percent of the solar installed in Germany was on rooftops and built to a local scale (100 kilowatts or smaller -- the roof of a church or a Home Depot store).
The following map shows the amount of a state's electricity that could come from rooftop solar alone, from our 2009 report
"Energy Self-Reliant States"
Such local solar power also provides enormous economic benefits. For every megawatt of solar installed, as many as eight jobs are created. But the economic multiplier is significantly higher for locally owned projects, made possible when solar is built at a local scale as the Germans have done. With local ownership, making America a 100 percent solar nation could create nearly 10 million jobs, and add as much as $450 billion to the U.S. economy.
There's no way we can be a 100% solar nation, but we can add jobs and money to the economy - what is invested will pay for itself, unlike fossil fuels.
Last edit: 06 Jul 2022 15:00 by Blazer Bob. Reason: https://tradeforprofit.net/2022/07/coal-emerges-victorious-as-sanctions-and-green-policies-backfire-spectacularly/
I am impressed. A 2011 thread reactivated in 2022.
As it deals with "renewable" energy, perhaps it can merge with the European Solution, in that simply declare coal a green energy source as was done by the EU with nuclear and natural gas.
I was not here in 2011 but one of the citations by SC is rich with irony.
"The Germans have installed over 10,000 megawatts of solar panels in the past two years, enough to power 2 million American homes (or most of Los Angeles, Calif.)"
Now if they only can get the sun to shine in Germany as it does in Southern California .
I've been urging people on this board to do the math for years. It's funny how Trump predicted this as well and the media stays silent as if he never said anything. Millions will die in this country if these fools continue to force unreliable and expensive energy they claim is green... it's not.
The left is angry because they are now being judged by the content of their character and not by the color of their skin.
