Friday, July 6, 2012

Green energy failure list grows

OBAMA PREPARES TO ROLL SNAKE EYES ON GREEN ENERGY AGAIN


"Has the Department of Energy learned anything from its failures? You wish! The Heritage Foundationbrings us news of a new $25 million award to a French company, Soitec Solar, which is supposed to build a “solar production facility in San Diego, CA.” Soitec isn’t quite trembling on the edge of bankruptcy, but they did lose $70 million last year, and their solar division is “particularly troubled financially,” losing $2.44 for every dollar in sales it earned.

Hey, when taxpayers are covering all your losses, you don’t have to stop gambling just because solar craps didn’t pan out. You can always switch to solar baccarat, and then distract angry taxpayers with some more bleating about “outsourcing” if your French subsidies fail to create the promised jobs in California."

No comments: