House panel looks at Solyndra loan restructuring

Oct 14, 2011 Full story: KSRO-AM Santa Rosa 48

The Obama administration's decision to restructure a half-billion dollar loan to a failing solar energy company is back in the spotlight as a House panel resumes hearings on solar panel maker Solyndra.

Full Story
First Prev
of 3
Next Last

“Election over; back to work!”

Since: Feb 07

Tampa, FL

#44 Oct 25, 2011
Again, you just gloss over the fact that Brazil discovered one of the biggest modern oil reserves in the world about 6 years ago off their coast- Now they are energy independent. So much so they are ordering up Nuclear Weapons to protect it. In 2005 they had proven reserves of 19.9 bbl and in 2005 found 30bbl more.

As for Denmark, here's the website- It's just as good a source as Facebook. http://www.aweo.org/problemwithwind.html . Your right, I was mistaken. Recently they are using about 1.3% wind. 19-24% of their TOTAL ENERGY PRODUCTION (not use) is wind. They sell about 80% of that to other states. NOT USING IT. SELLING IT.

A little closer to home- I live in Iowa- About 45 min from my house they are building 200 windmills. These windmills will not power 1 HOUSE in Iowa. Of the 200 workers, 20 are local. Once the construction is done, that wind farm will need ONE (1) technician to keep operations going. So where are all the green energy jobs?
Eron wrote:
Again, I emphasize,'under this administration' and 'how many more are there'.
You seem to think that I am not for 'green' industry. I am. I just happen to think that the government should stay out of it at this point. There's a difference between what truly works and what is a pipe dream.
People scream,'Ethanol, Ethanol, look at Brazil!' Brazil sunk a big ass pipe off their coast. THAT's why they are energy independent- NOT from sugar cane.
People scream,'Wind Energy, Wind Energy, look at Denmark!' Denmark gets less than 1% of their energy from the windmills they have. they do have a monopoly on the the Wind Power industry, but sadly 95% of the average Danes energy consumption comes from the North Sea.
Sorry man, when a government perfects a technology during a war effort, and then helps private industry get it off the ground- Kudos. We haven't done that in like 70+ years.
<quoted text>

“Election over; back to work!”

Since: Feb 07

Tampa, FL

#45 Oct 25, 2011
sorry about the double post folks.

Since: Jun 07

Allentown Pa

#46 Oct 25, 2011
Eron wrote:
Again, you just gloss over the facts. Sure Brazil has Ethanol. Then they discovered one of the biggest oil reserves in their part of the world off their coast. Viola- Energy independence. Nothing to do with ethanol. In fact they are ordering up Nuclear weapons to defend it.
I'll quote directly, "Denmark (population 5.3 million) has over 6,000 turbines that produced electricity equal to 19% of what the country used in 2002. Yet no conventional power plant has been shut down. Because of the intermittency and variability of the wind, conventional power plants must be kept running at full capacity to meet the actual demand for electricity. Most cannot simply be turned on and off as the wind dies and rises, and the quick ramping up and down of those that can be would actually increase their output of pollution and carbon dioxide (the primary "greenhouse" gas). So when the wind is blowing just right for the turbines, the power they generate is usually a surplus and sold to other countries at an extremely discounted price, or the turbines are simply shut off."
And Again, "A writer in The Utilities Journal (David J. White, "Danish Wind: Too Good To Be True?," July 2004) found that 84% of western Denmark's wind-generated electricity was exported (at a revenue loss) in 2003, i.e., Denmark's glut of wind towers provided only 3.3% of the nation's electricity. According to The Wall Street Journal Europe, the Copenhagen newspaper Politiken reported that wind actually met only 1.7% of Denmark's total demand in 1999.(Besides the amount exported, this low figure may also reflect the actual net contribution. The large amount of electricity used by the turbines themselves is typically not accounted for in the usually cited output figures. In Weekendavisen (Nov. 4, 2005), Frede Vestergaard reported that Denmark as a whole exported 70.3% of its wind production in 2004.
Denmark is just dependent enough on wind power that when the wind is not blowing right they must import electricity. In 2000 they imported more electricity than they exported. And added to the Danish electric bill are the subsidies that support the private companies building the wind towers. Danish electricity costs for the consumer are the highest in Europe" www.aweo.org
<quoted text>
You gloss over the fact that in Brazil even their gas is mandated to have 25% ethanol. And they sell straight ethanol. So even with their great oil reserves, at a minimum, ethanol accounts for 25% of their fuel use. If we cut our dependence on foreign oil by 25% we could cut the costs significantly.
As for your Denmark numbers, the only one that comes close to that 1% that was claimed was from a 1999 study. Either way, 19-24% is significant and not a pipe dream. Ask T Boone Pickens. He planned on building huge wind farms until the tough credit situations and the collapsing economy in 2008 made him slow down the development. He's an oil man who sees a future without oil and to be the first in wind would make him an even larger fortune.
http://www.bizjournals.com/sanfrancisco/stori...

“Election over; back to work!”

Since: Feb 07

Tampa, FL

#48 Oct 25, 2011
What? The point is, your wrong if you think that the 19%-24% of the wind energy PRODUCED in Denmark is being USED in Denmark. The point is that the Danes have been subsidizing Wind Energy since 1979, and haven't come close to using 5% of what they produce.

Your problem is that you think that the Government is end all and be all. If you can't have it the Fed ought to give it to you. Damn the hard work that anyone else does to earn their living. How much is enough? How much do you tax the ultra rich? 70%, 90%? How soon are you (figuratively) gonna want half of what your neighbor earns, even though he only earns $1,000 more than you a month? What you fail to realize from an economic standpoint is that there is a trad-off from such gross Government interference in the Marketplace. Economically speaking, time and time again, history has shown us that when you try to equalize the pie, it gets smaller. This is why Communism fails and the quasi-Socialist governments of Europe are failing.
sofa_king_cool wrote:
<quoted text>You gloss over the fact that in Brazil even their gas is mandated to have 25% ethanol. And they sell straight ethanol. So even with their great oil reserves, at a minimum, ethanol accounts for 25% of their fuel use. If we cut our dependence on foreign oil by 25% we could cut the costs significantly.
As for your Denmark numbers, the only one that comes close to that 1% that was claimed was from a 1999 study. Either way, 19-24% is significant and not a pipe dream. Ask T Boone Pickens. He planned on building huge wind farms until the tough credit situations and the collapsing economy in 2008 made him slow down the development. He's an oil man who sees a future without oil and to be the first in wind would make him an even larger fortune.
http://www.bizjournals.com/sanfrancisco/stori...

“Election over; back to work!”

Since: Feb 07

Tampa, FL

#49 Oct 25, 2011
And this is the dumbest thing I think I've ever seen written on here. And I've seen a lot of them.
sofa_king_cool wrote:
The private sector does nothing innovative that could be a gamble without some government involvement.

“AVAUNCEZ!!”

Since: Aug 07

Eldora Iowa

#50 Oct 26, 2011
Dude, this response is so lame I fell on teh floor laughing. Ypou sound like my two year old son who is insistnt on something for an hour only to find out he was wrong and his errant cries faded off into nothing. Chump

Ethanol is proven to be an inferior fuel to just about every other fuel out there. Your engine works at about 80% efficiency. Here in Iowa we have 87, 89, and 91 gas. The 89 is 10% ethanol, and you get better gas milage with the 87, which costs more than the pump because the US government isnt subsidizing it to the degree to which they subsidize ethanol, yet costs less over time because of the better gas milage received.
sofa_king_cool wrote:
<quoted text>You gloss over the fact that in Brazil even their gas is mandated to have 25% ethanol. And they sell straight ethanol. So even with their great oil reserves, at a minimum, ethanol accounts for 25% of their fuel use. If we cut our dependence on foreign oil by 25% we could cut the costs significantly.
As for your Denmark numbers, the only one that comes close to that 1% that was claimed was from a 1999 study. Either way, 19-24% is significant and not a pipe dream. Ask T Boone Pickens. He planned on building huge wind farms until the tough credit situations and the collapsing economy in 2008 made him slow down the development. He's an oil man who sees a future without oil and to be the first in wind would make him an even larger fortune.
http://www.bizjournals.com/sanfrancisco/stori...

“AVAUNCEZ!!”

Since: Aug 07

Eldora Iowa

#51 Oct 26, 2011
And T. Boone Pickens sees an opportunity to make money from a gullible government falling for the green jobs "initiative". He is a multi billionaire who made his money from the heavily subsidized oil industry, which you hate, sofa king

Since: Aug 08

Location hidden

#52 Oct 27, 2011
Solyndra and political corruption at its best...this is how politicians and businessmen milk the tax payers money. Very good example...pay attention to whom it matters both in government and in the business world.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker
First Prev
of 3
Next Last

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

US Treasury Discussions

Title Updated Last By Comments
Documents: Paulson forced 9 bank CEOs to take TARP (May '09) Sep 7 Swedenforever 9
Foreign holdings of US Treasury debt rise to re... Aug '14 foster 6
Citigroup reaches deal to repay $20 billion in ... (Dec '09) Jul '14 The Fixer 8
Obama's Latest Executive Order Slapping Russia ... Jul '14 RUSSIA a TERRORIS... 6
House votes to allow marijuana-related banking Jul '14 Far Away 5
Paulson told 9 bank CEOs they were required to ... (May '09) Jun '14 swedenforever 3
Colorado Seeks Pot Finance Solution May '14 Sterkfontein Swar... 12
•••

US Treasury People Search

Addresses and phone numbers for FREE

•••