Saturday, August 18, 2012

The failure of Alternative Energy.

Wind power is very inefficient and would not exist as such were it not for the hefty subsidy given to it by gullible governments. Not counting the large number of bird kills that the monstrous machines cause. Wait a minute you say, did they not use wind power in the Netherlands? Yes, they did for centuries for grinding grain and pumping water on the range. But, industrial use? Forget about it. The most insidious aspect of wind power is the placement of the wind mills. These are installed by the dozens and migratory birds have a hard time avoiding them. Individual wind mills of the past were small and relatively slow moving.

The failure of solar power is even more evident. China had cornered the solar market by underpricing everyone else and the Chinese are finding out that selling products at near cost is NOT a good business practice.

Many of the smaller Chinese companies are out of business or have shut down production. The biggest ones are bankrupt, too.Suntech has a debt of $3.55B, Yingli a debt of $3.33B, LDK Solar $6B. The healthiest company is Trina with a debt of $1.08B and cash on hand of $490M. American alternate power companies are bankrupt, too: Solyndra, Ener 1, Beacon Power, Abound Solar, Spectra Watt and Eastern Energy have two things common: Obama supporters that got big subsidies and they are all bankrupt.

If we had a reasonable President and a Congress, they would push for the development of natural gas, shale oil and nuclear power.The technology is there, only the sabotage by the EPA and Democrats stand in the way of US energy independence and even enough income to pay off most of the National Debt. Unfortunately, the Democrats want high priced energy as part of their economic plan of making people dependent on government payments.



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