It was one of Barack Obama’s favorite green-energy companies. And green-energy companies, according to the president, are one of the best ways to facilitate economic growth. Well, yesterday, The Denver Post detailed the criminal investigation of Abound Solar, a defunct solar-panel manufacturer in Colorado that was run on taxpayer “investments,” for securities fraud, consumer fraud and financial misrepresentation.
Abound shuttered its Colorado plant during the summer and filed for bankruptcy, leaving “125 workers without jobs and taxpayers holding the bag for up to $60 million in defaulted loans.” (Human Events senior reporter Audrey Hudson has already detailed the efforts by the House to investigate the company.) Here’s what Weld County prosecutors are looking into:…..To Read More…..
My Take – I don’t care how much money is wasted on this horsepucky, the reality is that the technology for so-called alternative energy has not progressed all that much beyond what Jimmy Carter tried in the seventies. That was a failure and so is this. Even if we could get these farces to work and produce vast amounts of energy we couldn’t do it without destroying the environment. Did anyone ever see how much land it takes to produce large amounts of solar energy? Did anyone ever see how many wind mills it takes to produce large amounts of wind energy? Did anyone ever see the impact ethanol production takes on the environment …..at every stage of production? And even in the outcome once it is being used in cars and trucks.
The biggest problem they have to overcome is how to store enough energy for when the sun doesn’t shine and the wind doesn’t blow. You can only pack so many electrons in a confined area. No battery system in the world can meet those needs. That means we will have to maintain traditional power plants in reserve…..that means they are running, but not producing energy, or little energy. I have gone over this before, but I will do it again. Power plants cannot just be shut off like a light switch. It takes a lot of heat to make enough steam to turn the turbines at a high enough rate to produce enough electricity to meet demand. That means they are burning coal or gas constantly to keep the ovens hot. That is expensive. So what we are doing is paying for energy we aren’t using, in order to use energy we don’t need. We have lost our minds, but we are about to find them again because we are fast reaching the Inevitability Factor; when reality reaches its zenity!
The biggest problem they have to overcome is how to store enough energy for when the sun doesn’t shine and the wind doesn’t blow. You can only pack so many electrons in a confined area. No battery system in the world can meet those needs. That means we will have to maintain traditional power plants in reserve…..that means they are running, but not producing energy, or little energy. I have gone over this before, but I will do it again. Power plants cannot just be shut off like a light switch. It takes a lot of heat to make enough steam to turn the turbines at a high enough rate to produce enough electricity to meet demand. That means they are burning coal or gas constantly to keep the ovens hot. That is expensive. So what we are doing is paying for energy we aren’t using, in order to use energy we don’t need. We have lost our minds, but we are about to find them again because we are fast reaching the Inevitability Factor; when reality reaches its zenity!
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