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Thread: Solar Company Obama guaranteed loans for 535 million dollars files bankruptsy!

  1. #1

    Default Solar Company Obama guaranteed loans for 535 million dollars files bankruptsy!

    Update: Solyndra announces it plans to file Chapter 11 bankruptcy, is suspending operations and seeks a reorganization. Click here for the company's full statement.

    ----------------------

    Solyndra, a major manufacturer of solar technology in Fremont, has shut its doors, according to employees at the campus.

    "I was told by a security guard to get my [stuff] and leave," one employee said. The company employs a little more than 1,000 employees worldwide, according to its website.


    More : http://www.hermancainforums.com/inde...pic,694.0.html

  2. #2

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    Solar is not viable at this time for large scale cost effective energy. It costs over 10X that of coal and nuclear.

    We need to improve the technology before dumping in 1/2 BILLION tax payer dollars.
    Ineptocracy - a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.

  3. Default

    Quote Originally Posted by HB Surfer View Post
    Solar is not viable at this time for large scale cost effective energy. It costs over 10X that of coal and nuclear.

    We need to improve the technology before dumping in 1/2 BILLION tax payer dollars.
    Then how come other "solar" manufacturers have no problem being profitable?

  4. #4

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    Quote Originally Posted by HB Surfer View Post
    Solar is not viable at this time for large scale cost effective energy. It costs over 10X that of coal and nuclear.

    We need to improve the technology before dumping in 1/2 BILLION tax payer dollars.
    I strongly tend to disagree.

    http://www.solarroadways.com/intro.shtml

    and.....

    The Sahara Forest Project, (financed largely by Norway) ....

    and.... The Sahara Solar Breeder Project, (financed largely by Japan)!
    "To heal with people is to focus on their good points, not on the points you think should change." (Betsy Otter Thompson)

    "Know! You need to judge every person favorably, even someone who is completely wicked, you need to search and find any little bit of good. By finding in him a little good and judging him favorably you actually bring him over to the side of merit and you can return him in teshuva" (Rabbi Nachman of Breslov, LM 282)

  5. #5

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    Quote Originally Posted by DennisTate View Post
    I strongly tend to disagree.

    http://www.solarroadways.com/intro.shtml

    and.....

    The Sahara Forest Project, (financed largely by Norway) ....

    and.... The Sahara Solar Breeder Project, (financed largely by Japan)!
    If these solar projects were self-sufficient and cost effective, then they wouldn't need to be financed by the governments of Japan and Norway. They would be commercially viable and would generate profit. Most solar projects take 60 years to pay for themselves, yet have a functional life of 35 years, meaning they will never be cost effective. All solar manufacturing endeavors are tax subsidized through tax abatements, grants for research, guaranteed federal loans at little or no interest, subsidies for installation, subsidies to power companies to create infrastructure to connect solar to the grid, and subsidies to the owner of the solar panels for their use. If you removed those subsidies, there would be no more solar projects because each and every single company who deals with solar would be bankrupt. And even with all those subsidies, the manufacturing companies are still going bankrupt.

  6. Likes Steve N, DennisTate liked this post
  7. #6

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    Solar panels are popping up on people's houses all over the United States.

  8. Likes DennisTate liked this post
  9. #7

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    Quote Originally Posted by Lee S View Post
    If these solar projects were self-sufficient and cost effective, then they wouldn't need to be financed by the governments of Japan and Norway. They would be commercially viable and would generate profit. Most solar projects take 60 years to pay for themselves, yet have a functional life of 35 years, meaning they will never be cost effective. All solar manufacturing endeavors are tax subsidized through tax abatements, grants for research, guaranteed federal loans at little or no interest, subsidies for installation, subsidies to power companies to create infrastructure to connect solar to the grid, and subsidies to the owner of the solar panels for their use. If you removed those subsidies, there would be no more solar projects because each and every single company who deals with solar would be bankrupt. And even with all those subsidies, the manufacturing companies are still going bankrupt.
    This is an obviously well informed comment on this topic..... but there are a number of other reasons why I tend to disagree.

    For one thing...... the Sahara Forest Project technology was originally developed in Israel, but then shared with Norway, because Norway is a reliable ally to the nation of Israel.

    Once the technology is in the hands of Norwegian educators, universities and business.... then..... it can be shared by them, with Islamic nations like Jordan and Qatar.

    A pretty powerful case can be presented that large scale desalination of ocean water may be the least expensive way to protect New Orleans, Bangladesh, The Netherlands and parts of Florida from the probable threat of rising ocean levels......... .so even if the present technology isn't yet at the level where it is profitable on its own....... we need to take a risk on it so that we can begin to put large amounts of fresh water into desert regions in order to decrease pressure on our oceans to overflow certain cities and large portions of entire nations that are at very low sea level.

    http://saharaforestproject.com


    The results of this poll are promising indeed......
    http://www.politicalforum.com/politi...ight-left.html
    Do you believe turning deserts green is part of a full response to climate change?Voters 12. You have already voted on this poll

    Yes, plants are both a carbon and water sink! 5............................. ................41.67%

    No, geo-engineering in any form is evil! 3............................. .........................25.00 %

    No, all effort must be put into a carbon tax or cap and trade system. 2.........16.67%

    Yes, even religious people like the idea of producing food in deserts. 4........33.33%

    Multiple Choice Poll
    "To heal with people is to focus on their good points, not on the points you think should change." (Betsy Otter Thompson)

    "Know! You need to judge every person favorably, even someone who is completely wicked, you need to search and find any little bit of good. By finding in him a little good and judging him favorably you actually bring him over to the side of merit and you can return him in teshuva" (Rabbi Nachman of Breslov, LM 282)

  10. #8

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    Quote Originally Posted by TomFitz View Post
    Solar panels are popping up on people's houses all over the United States.

    Indeed they are!

    But large scale desalination of ocean water, even by less than one hundred percent profitable technology has another potential benefit..... It might just be one of the best ways to stop a general global warming trend that would be far safer than using Global Dimming as P. M. Stephen Harper and President George W. Bush may well have decided to do???!

    "So how is our problem of continental drying causing global warming? It all has to do with vegetation and sunlight. When sun light hits a plant, it causes a process which we call photosynthesis where the energy from the sun light creates oxygen for us to breathe, water for us to drink, and is stored as sugar for plants and animals to use. When the same sun light hits the soil, all of its energy turns into heat and is radiated back into the atmosphere.. ."

    "Therefore, the less vegetation you have on the planet, the more sunlight is being turned into heat and the warmer the planet becomes...."

    "Just take a look at any satellite picture of the earth showing heat and you will see that our deserts are the warmest spots on the planet by far. More heat is being generated by just one of the top four or five deserts than by all of our cities combined.... "

    "The truth is that you can do more to decrease global warming by just reducing the average temperature for the Sahara Desert by one or two degrees than if we humans completely quit using fossil fuels and returned to the cave…."

    "So, how would you start working to resolve this problem? Easy, cool the deserts and get some vegetation growing on them as soon as possible. But the method is much more complex than that. You have to use the prevailing trade winds in relation to the deserts to get the best results as quickly as possible and it will be extremely expensive…."

    "Then we build desalination plants along the coast near these water sheds and pipe water to the tops or ridges of the water sheds…"

    "We need to start working on this as soon as possible because, if the planet reaches a point to where it is warming faster than our technology can possibly stop or reverse this warming trend, then our planet is lost and all life will cease to exist on this planet within a relatively short period of time. We will need to start with the largest and hottest deserts because cooling them will have the greatest benefit in the least time (Global Warming II by biologist Carl Cantrell)."
    "To heal with people is to focus on their good points, not on the points you think should change." (Betsy Otter Thompson)

    "Know! You need to judge every person favorably, even someone who is completely wicked, you need to search and find any little bit of good. By finding in him a little good and judging him favorably you actually bring him over to the side of merit and you can return him in teshuva" (Rabbi Nachman of Breslov, LM 282)

  11. #9

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    Quote Originally Posted by Lee S View Post
    If these solar projects were self-sufficient and cost effective, then they wouldn't need to be financed by the governments of Japan and Norway. They would be commercially viable and would generate profit. Most solar projects take 60 years to pay for themselves, yet have a functional life of 35 years, meaning they will never be cost effective. All solar manufacturing endeavors are tax subsidized through tax abatements, grants for research, guaranteed federal loans at little or no interest, subsidies for installation, subsidies to power companies to create infrastructure to connect solar to the grid, and subsidies to the owner of the solar panels for their use. If you removed those subsidies, there would be no more solar projects because each and every single company who deals with solar would be bankrupt. And even with all those subsidies, the manufacturing companies are still going bankrupt.
    Here is an article that gives us a better idea of how serious our situation really is.....

    http://www.sciencedaily.com/releases...0205142132.htm
    Collapse Of Antarctic Ice Sheet Would Likely Put Washington, D.C. Largely Underwater
    "To heal with people is to focus on their good points, not on the points you think should change." (Betsy Otter Thompson)

    "Know! You need to judge every person favorably, even someone who is completely wicked, you need to search and find any little bit of good. By finding in him a little good and judging him favorably you actually bring him over to the side of merit and you can return him in teshuva" (Rabbi Nachman of Breslov, LM 282)

  12. #10

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    Did President G. W. Bush and P. M. Harper deliberately use Global Dimming to..
    .... mask... to decrease..... to hide.......to postpone......... a general Global Warming trend?

    A second legitimate question is..... within fifty years is it at all possible that we may find out that they may perhaps have had a basically good idea in doing this?
    http://www.politicalforum.com/politi...l-dimming.html
    "To heal with people is to focus on their good points, not on the points you think should change." (Betsy Otter Thompson)

    "Know! You need to judge every person favorably, even someone who is completely wicked, you need to search and find any little bit of good. By finding in him a little good and judging him favorably you actually bring him over to the side of merit and you can return him in teshuva" (Rabbi Nachman of Breslov, LM 282)

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