A U.S.-Backed Geothermal Plant in Nevada Struggles

Wrong again.

Ref: http://en.wikipedia.org/wiki/Geothermal_energy
Under the Electricity section, you will see the US has a partial grid, very light so far, but in existence for years. Then read the economics, it is the drilling that is the cost issue.


<<< Mod Edit: Off Topic Flamebaiting >>>

 

It's called graft and it's the oldest game in Washington.

Politicians get re-elected by lining the pockets of their supporters and contributors.

See, Mr. Smith Goes to Washington.

 

In reviewing the 5-year history of the corporation it was basically facing bankruptcy in 2008 where stock prices had tanked from about $1.45/share to about $0.35/share, or about a 75% loss in stock value. How could any rational entity give loan guarantees to a corporation that's on the verge of bankruptcy to begin with? That makes absolutely no sense whatsoever.

It received the loans because of the loan guarantees, which resulted in a major stock value increase, and now it's back in the tank with stock prices of about $0.20/share. What sucks are all of the investors that were sucked in after 2008 because of the loan guarantees. Not only does it look like the taxpayers are screwed but the goverment's actions also resulted in a lot of investors getting screwed too.

http://www.nevadageothermal.com/s/StockInfo.asp

 

Not only did the Federal government guarantee the loans it was throwing good money after bad as recently as July:

http://www.nevadageothermal.com/s/N...Grant-for-Additional-Work-Completed-at-Blue-M...

 

wheres the story?

omg we didnt lose any money!

 

Green and clean energy has been embraced by the American left as it stymies the development of other domestic energy sources.

In a perfect world the US would follow the Chinese approach of pursuing all forms of energy. But we don't live in a perfect world.

Allowing green/clean energy to develop so that it is available to consumers and not too risky for investors has the effect of empowering American leftists, their masters like Soros and Gore, their cronies, rent seekers, and bandwagoners. Thus, green/clean is like a viper in its nest. It must be struck down.

The ideological struggle between left and right in this country must be ended before green/clean becomes non-political.

 

im not aware of any energy source not allowed to be used....

 

Geothermal may very well violate environmental policies. It will be necessary to review the EIR, and then litigate the matter for the next decade.

 

The fight over drilling in ANWR is one example off the top of my head.

 

great, well the plant will be operating while you figure it out

 

its a bad one. enviro concerns arent all BS...some are legit

 

See you in Court.

We aren't arguing the merits here. Reasonable people could compromise. But the time for reasonable discussion has passed, except on PF.

 

right, youre using it as a strawman to claim its proof we arent allowed to use oil....

if that wasnt your point then your mentioning of ANWAR makes even less sense.

 

I don't think ANWR is a straw man at all. I actually believe that the issue could be compromised, oil produced from small pads because of wonderful engineering, good jobs created, and dependence on foreign oil reduced.

I was once an environmentalist before it became fashionable. I stopped being one when I saw the movement take on religious and corporatist characteristics. I'm not a believer in quasi-religions and quasi-corporatism. If I'm wrong either Gaia or George Soros will strike me down with a thunderbolt.

 

Im as far from an environmentalist as you can get, but your claim somehow the left is holding back anwr to get rid of oil is loopy.

who was it that closed anwr anyway?

 

Oil in ANWR and Oil off the coast and Coal....

 

uhm we get half our power from coal alrady Ib elieve.

and we obviously use oil...

so your real answer is none

 

Nope...

As idiotic and ridiculously stupid as it sounds, Obama and pals wanna destroy conventional and nuclear power by fining the crap outta companys that produce energy.

 

oh that explains why they gave nuclear companys the same sort of loans Solyndra got....

except about 20 times more....10 billion I think to nuclear.

ah but keep parroting the same nonsense.

 

The EPA already has their own version of crap and trade.

 

A collaborator.

 

That's one way to look at it. The other way is to view it as advocacy.

Either way, there have to be environmental studies because everything impacts the environment. I come from California right next door to Nevada. Environmental laws are swords to be used by anyone who opposes any project.

I know this is frustrating for the left because the shoe is on the other foot. The left is accustomed to using environmental laws to stop projects dead in their tracks by making it too expensive to proceed. So the project proponents ultimately give up.

That's what's going to happen to green/clean energy in America. Let the Chinese pursue it. But in America it's going no where. Don't get mad. It's just business.

 

Because we already know nuclear is economically viable without subsidies.

 

impossible....didnt you hear? we are subsidizing them.....