Showing posts with label Solyndra. Show all posts
Showing posts with label Solyndra. Show all posts

Saturday, March 31, 2012

Now I Know Why I've Been Hearing Crickets

"Is there a criminal activity? Perhaps not," Oversight and Government Reform Committee Chairman Darrell Issa told POLITICO after last Tuesday’s showdown with Energy Secretary Steven Chu. "Is there a political influence and connections? Perhaps not. Did they bend the rules for an agenda, an agenda not covered within the statute? Absolutely." 

And with this admission, a spear of reality has penetrated the Bubble and the dreams of many dashed.

Perhaps the disheartened can spend some time trying to find a solution to the very much real problem of China burying our solar energy sector with billions of dollars of grants to their businesses.

You know, actually solving a problem....

Wednesday, February 22, 2012

A Serious Commitment

Lost in all the political news over the last few weeks was this announcement.

NRC approves first new nuclear plant in a generation.

It's actually two nuclear reactors that will be located in Georgia. Thomas Fanning, Southern Co.'s chief executive Officer, called the license a "monumental accomplishment" and said the new Vogtle plants would provide cheap, reliable power to Southeast residents for years to come.

The Obama administration has offered Southern and its partners $8.3 billion in federal loan guarantees as an incentive. Fanning said he expects the U.S. Energy Department to finalize the loan in the second quarter of 2012. For those of you keeping track, that's 16 times the amount that was loaned to Solyndra and ultimately lost.

I'd say that represents a more serious commitment to nuclear power and energy overall considering that this plant will be the first since 1979.