Wednesday, January 29, 2014

Globaloneywarming and Economic illiteracy

Stupid as science.

by StFerdIII

 

O'Clowna and the Eco-Fascists using fraud er 'science' to promote a non-existent globaloneywarming, in order to expand government [more taxes, more regulations], buy votes [greenies]; and fund crony-capitalism in which friends and family of the plutocracy have their 'green tech' firms subsidized by government, as they go inevitably into bankruptcy.

From the Heritage Blog link

The complete list of faltering or bankrupt green-energy companies:

  1. Evergreen Solar ($25 million)*

  2. SpectraWatt ($500,000)*

  3. Solyndra ($535 million)*

  4. Beacon Power ($43 million)*

  5. Nevada Geothermal ($98.5 million)

  6. SunPower ($1.2 billion)

  7. First Solar ($1.46 billion)

  8. Babcock and Brown ($178 million)

  9. EnerDel’s subsidiary Ener1 ($118.5 million)*

  10. Amonix ($5.9 million)

  11. Fisker Automotive ($529 million)

  12. Abound Solar ($400 million)*

  13. A123 Systems ($279 million)*

  14. Willard and Kelsey Solar Group ($700,981)*

  15. Johnson Controls ($299 million)

  16. Brightsource ($1.6 billion)

  17. ECOtality ($126.2 million)

  18. Raser Technologies ($33 million)*

  19. Energy Conversion Devices ($13.3 million)*

  20. Mountain Plaza, Inc. ($2 million)*

  21. Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*

  22. Range Fuels ($80 million)*

  23. Thompson River Power ($6.5 million)*

  24. Stirling Energy Systems ($7 million)*

  25. Azure Dynamics ($5.4 million)*

  26. GreenVolts ($500,000)

  27. Vestas ($50 million)

  28. LG Chem’s subsidiary Compact Power ($151 million)

  29. Nordic Windpower ($16 million)*

  30. Navistar ($39 million)

  31. Satcon ($3 million)*

  32. Konarka Technologies Inc. ($20 million)*

  33. Mascoma Corp. ($100 million)

*Denotes companies that have filed for bankruptcy.

The problem begins with the issue of government picking winners and losers in the first place. Venture capitalist firms exist for this very reason, and they choose what to invest in by looking at companies’ business models and deciding if they are worthy. When the government plays venture capitalist, it tends to reward companies that are connected to the policymakers themselves or because it sounds nice to “invest” in green energy.

 

Billions wasted each year on eco-nonsense which struts around as 'alternative energy'. Dumb.