"GREEN JOBS" -a bad business model will always fail, even with Gov't support
Spain embarked on a "GREEN JOBS" economic model about a decade ago and found out that it costs more to create the green jobs than they can return. Private investors are now finding the same thing here in the USA as GREEN COMPANIES are failing to produce the first penny of profit, even after the Government steps in with guaranteed loan, grants, and publicity.
The Washington Times is now jumping on the bandwagon to expose a farce when it sees one. This is only a small portion of the article. But read carefully the part about commercial wind farms where it says they cannot exist without government subsidies. What that really means, if you explore the costs and efficiencies of commercial wind farms, is that the cost to generate 1 watt of wind power is roughly DOUBLE the cost of generating the same 1 watt at a natural gas, coal or nuclear facility. So if, or perhaps when, the subsidies granted to these commercial wind farms ends, the cost of our electricity will skyrocket. Just south of me about 40 miles is one of the largest wind farms in the world. It cuts a path across miles of north central Indiana and you can see the giant wind turbines stretching in every direction for much farther than your eye can see. The Federal Government subsidized this wind farm. But the Fed's are now broke, they haven't admitted it yet.
http://p.washingtontimes.com/news/2011/sep/11/promises-of-green-jobs-start-withering-on-vine/print/
Spain embarked on a "GREEN JOBS" economic model about a decade ago and found out that it costs more to create the green jobs than they can return. Private investors are now finding the same thing here in the USA as GREEN COMPANIES are failing to produce the first penny of profit, even after the Government steps in with guaranteed loan, grants, and publicity.
The Washington Times is now jumping on the bandwagon to expose a farce when it sees one. This is only a small portion of the article. But read carefully the part about commercial wind farms where it says they cannot exist without government subsidies. What that really means, if you explore the costs and efficiencies of commercial wind farms, is that the cost to generate 1 watt of wind power is roughly DOUBLE the cost of generating the same 1 watt at a natural gas, coal or nuclear facility. So if, or perhaps when, the subsidies granted to these commercial wind farms ends, the cost of our electricity will skyrocket. Just south of me about 40 miles is one of the largest wind farms in the world. It cuts a path across miles of north central Indiana and you can see the giant wind turbines stretching in every direction for much farther than your eye can see. The Federal Government subsidized this wind farm. But the Fed's are now broke, they haven't admitted it yet.
http://p.washingtontimes.com/news/2011/sep/11/promises-of-green-jobs-start-withering-on-vine/print/
