Ep 109 Steve Westly
Posted In: green energy, Investor's Business Daily, Jon Swartz, Mike Krey, politics, Solyndra, Tesla, USA Today
Comments: One Response
Steve Westly is closely tied to green energy and the Obama administration. He discusses Solyndra Tesla and energy.
Obama’s spending $80 bioliln on clean technology boondoggles under the guise of supporting’ alternative energy sources plays well to his base which is seriously debilitated by the fact that it’s uninformed. a0It plays even better to those who financed him. a0The companies who play in the solar and wind farm games, know that they need political connections to take’ money from taxpayers through rebates, tax benefits, etc. a0They cannot make money otherwise.Solindra and their ilk will have all of the usual excuses for failure, and will come up with some beauts for burning through well over half a Billion dollars gifted to a0them by Obama, at the same time that Solindra’s executives knew they were going under. A monkey would have known their business model could NEVER work.The claims being made by the solar panel community are false, and have no foundation in reality. a0They made absurd forecasts on performance, and durability, with no substantive data. They have no idea how long the panels will last, but make 20-30 year projections. Output decreases significantly after 5 to 7 years, as such things as weathering’ seriously affect capability. a0Dreams of falling cell manufacturing costs as volumes increase, remain just that, Dreams. And the exaggerations on the batteries and inverters are far from the reality that they last only 4-5 years. a0The panels may drop in cost somewhat, but the bottom line is, the cost per KWH remains unattractive.There are some advantages such as the fact that a minor percentage of the solar power could be produced at the point of demand, but the full costs aren’t attractive enough to make an industry. a0So, its promoters continue to applaud the up to 80% federal and state tax incentives for solar panel installations.Germany, which is committed to increasing its reliance on renewable energy sources’, has been touted by Progressives as the example to follow. Germany announced that all of its nuclear plants will be closed by 2022. a0It’s politicians lie about the costs of its solar energy efforts. It imports 2/3 of its energy and is now importing Nuclear produced energy from France, the world’s largest net exporter of electricity. France decided over 35 years ago that it would become energy independent. a0As Germany rushes headlong into solar and wind, its economy is stalling, and importeda0energy is having a serious impact. The average German household is already feeling the hit with increased fees.Solar and wind power becoming viable sources of energy remains illusive, but the lies claiming otherwise flow faster than exited electrons. Reply