Solar Company Obama guaranteed loans for 535 million dollars files bankruptsy!

Discussion in 'United States' started by Mike Frank, Sep 7, 2011.

  1. Mike Frank

    Mike Frank New Member Past Donor

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    Update: Solyndra announces it plans to file Chapter 11 bankruptcy, is suspending operations and seeks a reorganization. Click here for the company's full statement.

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    Solyndra, a major manufacturer of solar technology in Fremont, has shut its doors, according to employees at the campus.

    "I was told by a security guard to get my [stuff] and leave," one employee said. The company employs a little more than 1,000 employees worldwide, according to its website.


    More : http://www.hermancainforums.com/index.php/topic,694.0.html
     
  2. HB Surfer

    HB Surfer Well-Known Member Past Donor

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    Solar is not viable at this time for large scale cost effective energy. It costs over 10X that of coal and nuclear.

    We need to improve the technology before dumping in 1/2 BILLION tax payer dollars.
     
  3. k995

    k995 Well-Known Member

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    Then how come other "solar" manufacturers have no problem being profitable?
     
  4. DennisTate

    DennisTate Well-Known Member Past Donor

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    I strongly tend to disagree.

    http://www.solarroadways.com/intro.shtml

    and.....

    The Sahara Forest Project, (financed largely by Norway) ....

    and.... The Sahara Solar Breeder Project, (financed largely by Japan)!
     
  5. Lee S

    Lee S Moderator Staff Member Past Donor

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    If these solar projects were self-sufficient and cost effective, then they wouldn't need to be financed by the governments of Japan and Norway. They would be commercially viable and would generate profit. Most solar projects take 60 years to pay for themselves, yet have a functional life of 35 years, meaning they will never be cost effective. All solar manufacturing endeavors are tax subsidized through tax abatements, grants for research, guaranteed federal loans at little or no interest, subsidies for installation, subsidies to power companies to create infrastructure to connect solar to the grid, and subsidies to the owner of the solar panels for their use. If you removed those subsidies, there would be no more solar projects because each and every single company who deals with solar would be bankrupt. And even with all those subsidies, the manufacturing companies are still going bankrupt.
     
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  6. TomFitz

    TomFitz Banned

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    Solar panels are popping up on people's houses all over the United States.
     
  7. DennisTate

    DennisTate Well-Known Member Past Donor

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    This is an obviously well informed comment on this topic..... but there are a number of other reasons why I tend to disagree.

    For one thing...... the Sahara Forest Project technology was originally developed in Israel, but then shared with Norway, because Norway is a reliable ally to the nation of Israel.

    Once the technology is in the hands of Norwegian educators, universities and business.... then..... it can be shared by them, with Islamic nations like Jordan and Qatar.

    A pretty powerful case can be presented that large scale desalination of ocean water may be the least expensive way to protect New Orleans, Bangladesh, The Netherlands and parts of Florida from the probable threat of rising ocean levels......... .so even if the present technology isn't yet at the level where it is profitable on its own....... we need to take a risk on it so that we can begin to put large amounts of fresh water into desert regions in order to decrease pressure on our oceans to overflow certain cities and large portions of entire nations that are at very low sea level.

    http://saharaforestproject.com


    The results of this poll are promising indeed......
    http://www.politicalforum.com/polit...mbatting-climate-change-unite-right-left.html
    Do you believe turning deserts green is part of a full response to climate change?Voters 12. You have already voted on this poll

    Yes, plants are both a carbon and water sink! 5.............................................41.67%

    No, geo-engineering in any form is evil! 3......................................................25.00%

    No, all effort must be put into a carbon tax or cap and trade system. 2.........16.67%

    Yes, even religious people like the idea of producing food in deserts. 4........33.33%

    Multiple Choice Poll
     
  8. DennisTate

    DennisTate Well-Known Member Past Donor

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    Indeed they are!

    But large scale desalination of ocean water, even by less than one hundred percent profitable technology has another potential benefit..... It might just be one of the best ways to stop a general global warming trend that would be far safer than using Global Dimming as P. M. Stephen Harper and President George W. Bush may well have decided to do???!

     
  9. DennisTate

    DennisTate Well-Known Member Past Donor

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    Here is an article that gives us a better idea of how serious our situation really is.....

    http://www.sciencedaily.com/releases/2009/02/090205142132.htm
    Collapse Of Antarctic Ice Sheet Would Likely Put Washington, D.C. Largely Underwater
     
  10. DennisTate

    DennisTate Well-Known Member Past Donor

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    Did President G. W. Bush and P. M. Harper deliberately use Global Dimming to..
    .... mask...… to decrease..... to hide.......to postpone......... a general Global Warming trend?

    A second legitimate question is..... within fifty years is it at all possible that we may find out that they may perhaps have had a basically good idea in doing this?
    http://www.politicalforum.com/polit...m-harper-deliberately-use-global-dimming.html
     
  11. Margot2

    Margot2 Banned

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    In Saudi Arabia they have two towns off grid (completely solar) since 1982.. and a few years ago Farasan Island went complexly solar.
     
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  12. DennisTate

    DennisTate Well-Known Member Past Donor

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    Impressive and encouraging statistics!
     
  13. Margot2

    Margot2 Banned

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    At KAUST they are also working on hy-solar.. Seems like I read that there is so much sunshine in KSA that its the same amount of energy as 30 million barrels of oil per day.

    For the record.. I don't think that increasing desalination with alter the changes in sea level or turn the Sahara green. When it was a Savannah (KSA was as well) it was because glaciers had crept south.
     
  14. DennisTate

    DennisTate Well-Known Member Past Donor

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    But....... please keep in mind I am talking about investing billions.......... and even frankly trillions into this!?

    I have read that one of the major reasons why such a high percentage of the people of Afghanistan wanted to take a job...... killing American and allied soldiers...... is that it was one of the only ways available to make a living in that country.

    Basically, an able bodied young man had several choices...... grow poppies...... grow pot........ or take a training course to kill Americans........ and a high percentage of the people of Afghanistan decided on option number 3.

    One very bright person put forward the theory that for about five dollars per Afghani soldier per day....(or was it per week)..... we might have been able to divert their attention away from killing American or allied soldiers......... into a more constructive behaviour pattern.

    People with pieces of paper on their office wall saying that they were economists........ experts in their field....... talked our leaders out of that though....... on the basis of the idea that we could not afford to do it??????! (I guess none of those experts had children in the military)?!



    (I had no idea what you mean by KAUST... so I googled it).... Intriguing!

    http://www.kaust.edu.sa
     
  15. HB Surfer

    HB Surfer Well-Known Member Past Donor

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    Got a link? Because that means they have no power at night. I'm going to have to call you.

    Solar is a great idea for non-baseload power if you are putting it on buildings, structures, roadways, etc.... The best way to do solar is to require that all new buildings have it on their roofs. It will be a good daytime source, but not a baseload or evening / bad weather source.
     
  16. Deckel

    Deckel Well-Known Member Past Donor

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    Saudi Arabia is a desert where it seldom rains. Most of the US is not optimal for solar panel output.
     

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