Hundreds of millions of dollars have been spent on poorly vetted, government backed(read “Obama”) ventures into various “alternative” or “green” energy projects – ranging from ethanol to solar, wind, geothermal and biomass systems.
The common denominator of all of these existing and proposed systems is that
AT THIS TIME, THEY ARE NOT PROFITABLE ENOUGH TO STAND ALONE WITH PRIVATE FUNDING AS SHOWN ON A STANDARD PROFIT AND LOSS LEDGER; THEY ARE NOT COST EFFECTIVE COMPARED TO CONVENTIONAL ENERGY SOURCES ; AND WOULD NOT EXIST WITHOUT INFUSION OF MASSIVE AMOUNTS OF TAXPAYER DOLLARS.
The recent Solyndra solar debacle which has cost US taxpayers over $530 million and a half dozen more bankruptcies of other solar and wind projects in the last year, and more in the wind(no pun intended) has not deterred the government from plowing another billion dollars into additional solar projects which cannot be shown to be either profitable…
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