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03-09-2010 09:41 PM  8 years agoPost 1
Dennis (RIP)

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Oregon

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Solar’s Bubble Busted

Posted March 9th, 2010 at 11:25am

The White House’s National Economic Council’s September 2009 report, A Strategy for American Innovation: Driving Towards Sustainable Growth and Quality Jobs, informs us: “A strong economy, but too reliant on precarious, bubble-driven growth, is unsustainable.” And it is true: our government should not try and inflate bubbles in order to spur short-term economic growth. Which is why the White House should read today’s The New York Times article on the Spanish solar program that President Barack Obama so often holds out as a model for our country to follow:
Two years ago, this gritty mining city hosted a brief 21st-century gold rush. Long famous for coal, Puertollano discovered another energy source it had overlooked: the relentless, scorching sun.

Armed with generous incentives from the Spanish government to jump-start a national solar energy industry, the city set out to replace its failing coal economy by attracting solar companies, with a campaign slogan: “The Sun Moves Us.”

But as low-quality, poorly designed solar plants sprang up on Spain’s plateaus, Spanish officials came to realize that they would have to subsidize many of them indefinitely, and that the industry they had created might never produce efficient green energy on its own.

In September the government abruptly changed course, cutting payments and capping solar construction. Puertollano’s brief boom turned bust. Factories and stores shut, thousands of workers lost jobs, foreign companies and banks abandoned contracts that had already been negotiated.

According to a study from King Juan Carlos University in Madrid, for every “green job” created by Spain’s solar subsidies, 2.2 jobs in other sectors were destroyed and $758,471 was spent to create each green job. Germany is also paying dearly for their solar subsidies. A study commissioned by the Institute for Energy Research (IER), found per worker subsidies for solar industry jobs are as high as $240,000.

Spending six figures for temporary “green jobs” is not A Strategy for American Innovation.

From The Heritage Foundation:
http://blog.heritage.org/2010/03/09...-bubble-busted/

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03-09-2010 09:53 PM  8 years agoPost 2
z11355

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New England

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similar to the boasting of jobs and innovation in the US wind turbine market. it's been a boon alright but something like 90% of the boon has gone to foreign turbine manufacturers.

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03-10-2010 02:09 AM  8 years agoPost 3
baby uh1

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St. James, Mo.

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Yep! Just another scam to make a few rich and to keep the Chinese working!

Anything is possible if you don't know what you are talking about!

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03-10-2010 04:05 PM  8 years agoPost 4
fla heli boy

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cape coral, florida

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funny....my guy that does the energy calcs sent me an article from the local paper about people in my town being really upset because they invested ten's of thousands of dollars to go solar power, which, in theory, would take care of something like 70% of their power needs. Guess what??? The elec. co. charges them a monthly "fee" for them having that hooked up to their grid. They also charge them more for the power they DO use. How's that for helping us all go green??? What a load of crap.

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03-10-2010 04:21 PM  8 years agoPost 5
alvinrc

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Mobile, AL, USA

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Same thing happened over here at a well known local gulf coast beach club in Gulf Shores/Orange Beach.
They put in a big wind mill power generator to take advantage of the sea breeze.
Excess power would be fed back into the power company grid during peak production times.
Supposed to get credit for the reverse power flow and greatly reduce their power bill.

But, due to power company charging them some kind of extra money to do that and a new extra cost customer classification, they are getting screwed and seeing little or negative benefit for trying the "go green" thing. They don't think that the wind mill will ever pay for itself.

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03-10-2010 04:45 PM  8 years agoPost 6
fla heli boy

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cape coral, florida

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I saw a good article on the new "Bloom" power generator that is the next big thing. It's powered at a small level by (I believe) natural gas. Like one guy said, the power company will just up their rate to make up for it, then the gas company's will quadruple their fuel costs, there has to be some kind of exhaust - so the government will charge you a fee for discharge, and in the end, it will all cost the same, if not more. Somebody will always figure a way to screw you, especially utility companies and the government.

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03-10-2010 05:54 PM  8 years agoPost 7
dilberteinstein

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texas - USA

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so the government will charge you a fee for discharge, and in the end, it will all cost the same, if not more. Somebody will always figure a way to screw you, especially utility companies and the government.
You know the old saying:"to a person that only knows how to use a hammer, every problem looks like a nail."

These guys are lawmakers.

Our tax laws are so complicated that the IRS doesn't even know all the laws. That's why many cases in up in court having a court decide what the law "is."

90% of life is "showing up"

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03-11-2010 01:32 AM  8 years agoPost 8
baby uh1

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St. James, Mo.

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Like Pelosi says " We have to pass the law so that we can see what is in it".

Anything is possible if you don't know what you are talking about!

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03-11-2010 01:37 AM  8 years agoPost 9
alvinrc

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Mobile, AL, USA

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Like Pelosi says " We have to pass the law so that we can see what is in it".
It is beyond pitiful what we have in charge of congress and the executive.

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03-11-2010 02:25 AM  8 years agoPost 10
Dennis (RIP)

rrApprentice

Oregon

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It is beyond pitiful what we have in charge of congress and the executive.
And borders right on the thin edge of criminal.

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03-11-2010 03:03 AM  8 years agoPost 11
drdot

rrElite Veteran

So. California, Orange County.

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fwiw..

Actually...It crossed that border years ago...By making laws it ignores and doesn't enforce, a second year jd candidate could easily make the case for aiding and abbetting, obstruction of justice, etc...Problem is, no government official is liable for his performance in office, unless a heinous crime is committed..Without accountability, government is a joke..Why do you thing much of the stimulus spending doesn't kick in 'till after the perps have left office..

I love my country...Its government is a joke.

BC

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