Ace of Spades HQ

October 31, 2011

So Many Solyndras: Another DoE Loan Recipient Going Tits Up
— Ace

It's a mere $43 million this time, so, you know, don't sweat it. Obama wastes that much cash in about eight minutes.

Massachusetts company that received a $43 million Energy Department loan guarantee last year filed for bankruptcy Sunday, a step certain to fuel criticism of federal green energy financing in the wake of the solar company SolyndraÂ’s collapse.
Beacon Power Corp., which develops energy storage systems, filed for bankruptcy protection in the U.S. Bankruptcy Court in Delaware.

As you know, Obama has ordered a 60 day review of the loan processes at DoE, to find out if the correct procedures were followed, without favoritism to connected companies, and with due diligence for the taxpayers' dollars.

Like me, I'm sure you are eagerly awaiting the conclusions of this report, and completely at a loss as to what it will say.

Whoops: Another bankruptcy, this one of a company which would supposedly deliver high-speed broadband to remote rural areas.

The Bush Administration actually approved the loan for this company, Open Range. But this might be a Tale of Two Cronies, with a new crony favored as a new administration comes to town -- the FCC turned down Open Range's request for an extension (to give it time to correct its previous problems) but they were turned down.

The FCCÂ’s handling of the matter has come under scrutiny by lawmakers partly because the agency promoted a similar venture called LightSquared about the same time it was turning its back on Open Range. Critics of the FCC have accused the agency of favoring LightSquared because it is backed by Democratically connected hedge fund financier Philip Falcone.
Â“There is clearly the perception of favoritism,Â” said Tim Farrar, an independent analyst at TMF Associates. Farrar said his consultancy has no financial interests in LightSquared or Open RangeÂ’s venture. A similar charge was levied by Globalstar in a recent letter to the FCC.

Posted by: Ace at 10:14 AM | Comments (94)
Post contains 337 words, total size 2 kb.

1 first

Posted by: Dick Nixon at October 31, 2011 10:15 AM (8O4/a)

2 For a mere ONE million I will gladly shut all the lights off in my house for about eight hours every single day. I guarantee you that would be greener than these "green" companies.

Posted by: Long-time Commenter, First-time Reader (Perry guy) at October 31, 2011 10:17 AM (Jbj03)

Like me, I'm sure you are eagerly awaiting the conclusions of this report, and completely at a loss as to what it will say.

Nothing to see here. Move along.

Posted by: SCOAMF regime at October 31, 2011 10:17 AM (coN0Z)

4 "energy storage systems"?

Pretty fancy name for batteries.

Posted by: KG at October 31, 2011 10:18 AM (LD21B)

5 Isn't tits up the normal orientation?

Posted by: toby928© at October 31, 2011 10:18 AM (GTbGH)

6 Can I get me a DOE loan here?

Posted by: 'Sunny' John Kerry at October 31, 2011 10:19 AM (4pSIn)

7 Like me, I'm sure you are eagerly awaiting the conclusions of this report, and completely at a loss as to what it will say. Looks legit to me, man.

Posted by: DOE auditor with the Mazerati at October 31, 2011 10:19 AM (RD7QR)

8 5 Isn't tits up the normal orientation? Posted by: toby928Â© at October 31, 2011 02:18 PM (GTbGH) Not after 40 or so.

Posted by: joncelli at October 31, 2011 10:20 AM (RD7QR)

9 We at AtC's Happy Fun Solar, LLC ("Happy Fun") are distressd by this news and wish to assure the US taxpayer that Happy Fun takes its strategic partnership with the US taxpayer very seriously. At this moment, a working group is liasing with a planning committee to establish parameters for the oversight team to reach a timetable to establish guidelines to assist in the repayment of the investment made by the US taxpayer. Happy Fun is submitting a request for additional investment funds in order to build the appropriate facility to house these groups to insure their prompt attention to this vital matter. Happy Fun. Your partner for the future!

Posted by: alexthechick at October 31, 2011 10:20 AM (VtjlW)

10 Barack Obama is a stuttering clusterf*ck of a miserable failure.

Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at October 31, 2011 10:20 AM (8y9MW)

11 As you know, Obama has ordered a 60 day review of the loan processes at DoE, to find out if the correct procedures were followed, without favoritism to connected companies, and with due diligence for the taxpayers' dollars.

MFM headline: Barry's review finds that Barry hasn't done or has ever done anything wrong. He is completely wonderful and Republicans are EVIL racists

Posted by: TheQuietMan at October 31, 2011 10:20 AM (1Jaio)

12
kinda related:

A company in MA that makes "green" Li-ion batteries is moving to China. The CEO explains why:

"China is becoming the No. 1 market in clean tech, specifically in electric vehicles. It's the combination of financial support from the government, very eager and aggressive Chinese investors, and the fact that it's the biggest market in the world."

Wonderful.

Posted by: Fun Size Soothsayer at October 31, 2011 10:20 AM (sqkOB)

13 I posted this this morning on the Open Thread. It's a great thing we have Top Men on our "side." Excerpt from USA Today:

Sen Orrin Hatch, vocal critic of the Obama administration's backing of a DOE loan guarantee to solar manufacturer Solyndra, pushed for more than $20 million in government funding for a bankrupt clean energy firm in his home state of Utah.

Hatch aides told USA TODAY earlier this month that the Republican lawmaker had never pushed for taxpayer money to be used for Raser Technologies, which operated a geothermal power plant in southern Utah and also developed hybrid plug-in vehicles. The company filed for bankruptcy protection in April, and recently re-emerged as a restructured company known as Cyrq Energy.

But on Friday, Hatch spokesman Matthew Harakal said that after an internal audit following publication of the USA TODAY story on Hatch's support for Raser, the Utah senator's office found that Hatch actually requested seven earmarks for more than $20 million from 2006 to 2008 to help fund research and development projects for the automotive wing of the company. None of the requests were funded, Harakal said, and he noted that the earmark requests only went to the automotive branch of the companyÂ—which was spun off by Raser before the company filed for bankruptcy in April.

----

Can I tell you all how excited I am at the prospect of voting for Romney, Hatch, and Jason "I pretend to be a Tea Partier then endorse Hatch and Romney" Chaffetz next year?

Posted by: Y-not at October 31, 2011 10:20 AM (5H6zj)

14 Double, double toil and trouble; Fire burn, and caldron bubble.....

Ace, you will be mine, yes, you will be mine.

Posted by: Christine O'Donnell at October 31, 2011 10:21 AM (Sh42X)

15 Isn't tits up the normal orientation?

Posted by: toby928Â© at October 31, 2011 02:18 PM (GTbGH)

It is for missionaries.

Posted by: Soona - Mayan liaison at October 31, 2011 10:21 AM (coN0Z)

16 "China is becoming the No. 1 market in clean tech, specifically in electric vehicles. It's the combination of financial support from the government, very eager and aggressive Chinese investors, and the fact that it's the biggest market in the world."

Conspicuously absent? The complete lack of environmental standards. Unless they're including that in "financial support from the government."

Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at October 31, 2011 10:22 AM (8y9MW)

17
Obama already explained to you "critics of green energy" that Solyndra was a "good bet."

Posted by: Fun Size Soothsayer at October 31, 2011 10:22 AM (sqkOB)

first

This is not in accordance with AoSHQ style guide. The proper spelling is:

Barack Obama is a stuttering clustf*ck of a miserable failure.

Thank you.

Posted by: fluffy occupies his cubicle at October 31, 2011 10:22 AM (4pSIn)

Is this the hill we want to die on? Small potatoes. Settled science. We'll look like backwoods Dark Ages hillbilly inbred mutants if we push on this.

And worse, think of all the cocktail parties I'll miss out on! That's worse than the scary story I told in the last thread.

Posted by: David Frum at October 31, 2011 10:22 AM (zgHLA)

20 completely at a loss as to what it will say.

1. We have confirmed that the administration followed procedure when making these loans. It seems funny that I have to remind the Republican party that business involves financial risk.
2. We have found deviations that can be traced back solely to a Mister Skaip Gote, that allowed these erroneous loans to go through.

Take your pick.

Posted by: MikeTheMoose Camellia Sinensis Operative at October 31, 2011 10:23 AM (0q2P7)

21 Third, I think. OT (so what) but after the AoS vetting process, it looks like I'll have to choose the most nondescript Democrat the Republicans have. Huntsman. We've cannibalized everyone else. Course, nobody else is paying the slightest bit of attention to all this. Don't the deciders of all elections decide a couple of days before the election? 1/3 of the nation are losers, 1/3 are winners, and the other third are all middly - guilty sometimes, inspired at other times.
Reagan inspired, Obama guilt-tripped. Same 1/3 though. We don't decide elections, they do. Guess we'll just have to suck it.

Posted by: tubal at October 31, 2011 10:23 AM (BoE3Z)

22 Isn't tits up the normal orientation?

Posted by: toby928Â© at October 31, 2011 02:18 PM (GTbGH)

depends on the age or position

Posted by: The Great Satan's Ghost at October 31, 2011 10:24 AM (l8iDY)

23 This is outright looting. I was saying during the porkulus controversy that these chickens would come home to roost in time for the 2012 elections. Where I was wrong was in my assumption that the graft would be through the traditional democrat money-laundering channels: ACORN, the unions, housing projects, and educational boondoggles like federally funded versions of the Annenberg Challenge. But another of my contentions was dead-on: These looters are so low class that they don't even bother to cover their tracks. I propose a one-time surtax in the 2013 tax year to fund extensive FMITA Federal Prison construction to hold Obama and all of his minions. Of course, a few blindfolds would be a damned sight cheaper.

Posted by: FRONT TOWARD LEFT at October 31, 2011 10:24 AM (p7SSh)

24 14 Double, double toil and trouble; Fire burn, and caldron bubble.....

Ace, you will be mine, yes, you will be mine.
That's it, you crazy lich! As soon as I find a hammer, and some nails, and, uh, a sawing-thing, and a guy who builds bridges...

Posted by: David Frum at October 31, 2011 10:25 AM (zgHLA)

25 butt up with a flower in it.

Posted by: negentropy at October 31, 2011 10:25 AM (27KAF)

26 Why is there never any consequences to the left for their thievery and incompetence? If there were consequences they would probably cease to exist real fast.

Posted by: 1/1027th of Janitor at October 31, 2011 10:26 AM (tazG1)

27 Of course, a few blindfolds would be a damned sight cheaper.

Even cheaper: skip the blindfolds.

Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at October 31, 2011 10:26 AM (8y9MW)

28 A green energy company failure? That was unexpected #37.

Posted by: MFM at October 31, 2011 10:26 AM (mue7s)

29 Is the report being released on the POTUS Etch-A-Sketch??

Posted by: the forgotten man at October 31, 2011 10:26 AM (yd08d)

30
Herb Cain did something in the 1990's!!!

Posted by: Poshitico at October 31, 2011 10:26 AM (sqkOB)

I am sure the report will find that they would have instead made eleventy billion dollars and cured cancer if only Republicans hadn't blocked something.

Posted by: blaster at October 31, 2011 10:27 AM (7vSU0)

32 Third, I think. OT (so what) but after the AoS vetting process, it looks like I'll have to choose the most nondescript Democrat the Republicans have

Posted by: tubal at October 31, 2011 02:23 PM (BoE3Z)

Fortunately, most voters don't read AoSHQ.

Posted by: Soona - Mayan liaison at October 31, 2011 10:28 AM (coN0Z)

33 Ace should've started a "green energy" firm and taken the OBAMA MONEY, from the OBAMA STASH!

Posted by: Woman on the street, Detroit at October 31, 2011 10:28 AM (tqwMN)

34
Janet Reno burned alive women and children in the 1990's.

That didn't stop her from running for governor in FLA.

Posted by: Poshitico at October 31, 2011 10:29 AM (sqkOB)

35 Funny about that company going bankrupt after FCC funding. The FCC just announced last week an increase in money for that program.

You can blame Newt for that program BTW.

Posted by: Vic at October 31, 2011 10:29 AM (YdQQY)

Like me, I'm sure you are eagerly awaiting the conclusions of this report, and completely at a loss as to what it will say.

Well, if it's anything like the unemployment figures, it'll have the word "unexpectedly" somewhere in it. Or as the entire premise of the report. Or something.

The country's in the best of hands.

Posted by: BackwardsBoy at October 31, 2011 10:30 AM (d0Tfm)

37 Ace,

You may want to highlight how LightSquared wasn't just a Dem-favored company but, in fact, a company which Obama had been an early investor in and his administration had pressured military brass to perjure themselves on whether their operations would potentially disrupt the GPS system.

Posted by: Brandon In Baton Rouge at October 31, 2011 10:30 AM (VZ10+)

38 Even cheaper: skip the blindfolds. I'm not going to pretend not to be a sicko because I am a sicko. The blindfolds will be necessary. I have no idea how a doctor deals with an erection that lasts for more than four hours, and I would probably be put that f'n knowledge firsthand if I ever got to see the looks on these common thieves' faces when they realize that what they have coming to them is finally coming to them.

Posted by: FRONT TOWARD LEFT at October 31, 2011 10:31 AM (p7SSh)

39 32 Green is the New Red!

Posted by: Karl Marx Rove at October 31, 2011 02:27 PM

fify. Back of bitch, this is my corner.

Posted by: Karl Rove at October 31, 2011 10:32 AM (mue7s)

40 Posted by: FRONT TOWARD LEFT at October 31, 2011 02:31 PM (p7SSh)

Well, then, make them face the wall, instead of the firing squad. Sheesh, do I have to think of everything?

Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at October 31, 2011 10:33 AM (8y9MW)

41 Nice to know that Barry has top men working the problem.

Top.Men.

Posted by: toby928© Perrykrishna with tattooed knuckles at October 31, 2011 10:33 AM (GTbGH)

42 Sheesh, do I have to think of everything? Yes. That's why I'm here.

Posted by: FRONT TOWARD LEFT at October 31, 2011 10:34 AM (p7SSh)

43 But, hindsight is 20/20 or something.....

Posted by: © Sponge at October 31, 2011 10:35 AM (UK9cE)

44
Next to fall is Genesis Solar Plant in CA which recently received $852M in loans backed by Steven Chu and Obama.

Remember that name. Genesis.

Posted by: soothsayer at October 31, 2011 10:35 AM (sqkOB)

45 Why, this Administration has been remarkably scandal-free.

Posted by: Jonathan Alter at October 31, 2011 10:35 AM (hW3KZ)

46 Did someone say... tits up?

Posted by: Christina Hendricks at October 31, 2011 10:36 AM (Iaxlk)

47 I don't get it. This Administration (such as it is, I mean), only seems to loan money to companies that are doomed to go bankrupt, only appoints to Cabinet posts and czarships people who can't pay their taxes, and only appoints Supreme Court Justices who are intent on doing away with the Constitution. Hell, even their March Madness picks are early losers.

POP QUIZ:

(A) Feature, not bug.
(B) Reverse Midas touch.
(C) Stuttering clusterfuck of a miserable failure.
(D) All of the above.

Posted by: Keith Arnold at October 31, 2011 10:36 AM (Jdtsu)

48 Solydras Green is made out of people!

Posted by: Cicerokid at October 31, 2011 10:37 AM (KKztL)

49 Why, this Administration has been remarkably scandal-free.

It's their saving grace, it is.

Posted by: toby928© Perrykrishna with tattooed knuckles at October 31, 2011 10:37 AM (GTbGH)

50 46
Next to fall is Genesis Solar Plant in CA which recently received $852M in loans backed by Steven Chu and Obama.

Remember that name. Genesis.

Genesis? Genesis is topic forbidden!

Posted by: Big Eared Alien at October 31, 2011 10:37 AM (VZ10+)

51 Why, this Administration has been remarkably scandal-free.

In fairness, it's easier to avoid scandal when you also avoid any pretense of ethics.

Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at October 31, 2011 10:37 AM (8y9MW)

52 I'm pretty beaked that I didn't get in on this cash cow earlier.

Is it too late to donate to the Obama campaign and still get a kickback?

Posted by: CEO, Bogus "Green" Energy Company That Came Late to the Party at October 31, 2011 10:38 AM (hW3KZ)

53
Genesis Solar Plant

Nearly a billion dollars to build.

1,950 acres of public land in CA

All to power a whopping 48,000 homes.

Posted by: soothsayer at October 31, 2011 10:38 AM (sqkOB)

54 In fairness, it's easier to avoid scandal when you also avoid any pretense of ethics.

Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at October 31, 2011 02:37 PM (8y9MW)

And when you have a media at your beck and call.

Posted by: KG at October 31, 2011 10:39 AM (LD21B)

55 And when you have a media at your beck and call.

That, too.

Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at October 31, 2011 10:39 AM (8y9MW)

56 This Administration (such as it is, I mean), only seems to loan money to companies that are doomed to go bankrupt… You've never seen The Producers, have you?

Posted by: FRONT TOWARD LEFT at October 31, 2011 10:39 AM (p7SSh)

57 Front Toward Left: Yes, but they made a profit accidentally. This administration seems to have fallen a little short in that regard.

Posted by: Keith Arnold at October 31, 2011 10:40 AM (Jdtsu)

58
1,950-acre plant to power 48,000 homes.

Isn't that the craziest shit you've hear all day?

Posted by: soothsayer at October 31, 2011 10:40 AM (sqkOB)

59 This Administration (such as it is, I mean), only seems to loan money to companies that are doomed to go bankruptÂ…

I prefer the term, Maladministration.

Posted by: Christina Hendricks at October 31, 2011 10:41 AM (Iaxlk)

60 60 Front Toward Left: Yes, but they made a profit accidentally. This administration seems to have fallen a little short in that regard.

Which means they have succeeded where Max Bialystock failed.

Posted by: Brandon In Baton Rouge at October 31, 2011 10:41 AM (VZ10+)

61 Heard that Herb Cain's developing a solar powered vibrator.

Posted by: Mitt at October 31, 2011 10:41 AM (EL+OC)

62 /Off, Hendricks cups.

Posted by: CoolCzech at October 31, 2011 10:41 AM (Iaxlk)

63 30 Herb Cain did something in the 1990's!!!

Yes, yes he did. And we should all be very, very troubled by whatever it was.

Posted by: Rick Perry at October 31, 2011 10:41 AM (Xnw5y)

Genesis?

Yeah, man, they really went mainstream after Peter Gabriel left. It's a shame, dude.

Posted by: BackwardsBoy at October 31, 2011 10:42 AM (d0Tfm)

65 1,950-acre plant to power 48,000 homes.

Isn't that the craziest shit you've hear all day?

Not hardly. In fact, that seems about status-quo for California and the Feds. Crazy would be a ~2000 acre power plan that powered all of SoCal.

Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at October 31, 2011 10:42 AM (8y9MW)

66 I am surprised anyone expected anything different from a Cook County hack.

Posted by: Mikey NTH at October 31, 2011 10:42 AM (hLRSq)

67 /Off, Hendricks cups.

Posted by: CoolCzech at October 31, 2011 02:41 PM (Iaxlk)

Nothin' personal, CC, but I prefer Christina Hendricks to you.

Just sayin.

Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at October 31, 2011 10:43 AM (8y9MW)

68 Actually Herman Cain bursted out in a rendition of Amazing Grace today at The National Press Club. Can't find a video that will load.

Posted by: tasker at October 31, 2011 10:43 AM (rJVPU)

69 61
1,950-acre plant to power 48,000 homes.

Isn't that the craziest shit you've hear all day?

Posted by: soothsayer at October 31, 2011 02:40 PM (sqkOB)

In a country of 79,918,000 single family homes, I'd say we'd need to cover the area of a small Moon to be able to power them at all at that rate...

Posted by: CoolCzech at October 31, 2011 10:44 AM (Iaxlk)

70 *burst* out..

Posted by: tasker at October 31, 2011 10:44 AM (rJVPU)

71 72 Actually Herman Cain bursted out in a rendition of Amazing Grace today at The National Press Club.

Racist!

Posted by: CAIR at October 31, 2011 10:44 AM (EL+OC)

72 "...In a country of 79,918,000 single family homes, I'd say we'd need to cover the area of a small Moon to be able to power them at all at that rate...:

That's no moon; that's the Imperial Death Panel.

Posted by: Keith Arnold at October 31, 2011 10:45 AM (Jdtsu)

73 The Bush Administration actually approved the loan for this company, Open Range. But this might be a Tale of Two Cronies, with a new crony favored as a new administration comes to town...

This is one of the prime arguments for limited government. All those trillions simply invite corruption, regardless of party.

Drain the damn swamp already.

Posted by: Arms Merchant at October 31, 2011 10:45 AM (hW3KZ)

74 1,950-acre plant to power 48,000 homes.

This is instructive as to part of the reason "green energy" doesn't work on a large scale - it is too damn dilute. You need to devote large tracts of land and resources only to elk out a small bit of energy.

Posted by: Kratos (Ghost of Sparta) at October 31, 2011 10:45 AM (9hSKh)

75 That's no moon; that's the Imperial Death Panel.

>snort!<

Posted by: Arms Merchant at October 31, 2011 10:47 AM (hW3KZ)

76 66 30 Herb Cain did something in the 1990's!!!

Yes, yes he did. And we should all be very, very troubled by whatever it was.

Posted by: Rick Perry at October 31, 2011 02:41 PM (Xnw5y)

So that was why my pizza was late?!

Posted by: s☺mej☼e at October 31, 2011 10:47 AM (mue7s)

77 With solar worshipers spending at least 50% of their time tits up, maybe it's time for the gubmint to start exploring alternative sources in the spray-on arena.
It's got to be far more efficient for both time and materials, with satisfaction pretty much guaranteed.

Besides, when was the last case of a solar panel getting somebody laid?

_{Your welcome.}

Posted by: ontherocks at October 31, 2011 10:49 AM (HBqDo)

78
You may want to highlight how LightSquared wasn't just a Dem-favored company but, in fact, a company which Obama had been an early investor in and his administration had pressured military brass to perjure themselves on whether their operations would potentially disrupt the GPS system.

This.

Of course, doing a search of "lightsquared gps" (without quotes) shows articles were Lightsquared is blaming the manufacturers of GPS devices for the interference problem...

Posted by: I R A Darth Aggie © at October 31, 2011 10:51 AM (1hM1d)

79 That's no moon; that's the Imperial Death Panel.

Posted by: Keith Arnold at October 31, 2011 02:45 PM (Jdtsu)

Thats my gig!

Posted by: Obamacare at October 31, 2011 10:52 AM (FIDMq)

80 Rather than loaning all of this money to these bogus companies, we probably should just start burning dollar bills to generate electricity. Probably a lot more efficient, and we certainly have an unlimited capacity to print them.

Posted by: Sharkman at October 31, 2011 10:53 AM (wMsKw)

81 Damn it! If y'all don't quit saying "tits up" I am going to have to go rearrange my bunk... Pay no attention to the thumping sounds.

Posted by: s☺mej☼e at October 31, 2011 10:53 AM (mue7s)

82 Solar panels, death panels... same difference. If they'd named the Supercommitee the "Super-panel" instead, we'd be having some real fun.

I find their lack of clue disturbing...

Posted by: Keith Arnold at October 31, 2011 10:55 AM (Jdtsu)

83 I'm waiting for one of my friends to call me while seated on a large jumbo-sized aircraft powered by an electric engine that is getting ready to fly across the ocean to Europe. I'm. Waiting. For. That. Call.

Not only will I never get that call, but neither will my kids....or my grandkids.....or my great-grandkids.

Posted by: Racist, Right-Wing Terrorist in Midwest...Or Tea Party Member for Short at October 31, 2011 10:55 AM (fOPv7)

84 This is instructive as to part of the reason "green energy" doesn't work on a large scale - it is too damn dilute. You need to devote large tracts of land

I thought we were leaving Christina Hendricks out of this?

Posted by: DarkLord© for Prez! at October 31, 2011 11:01 AM (GBXon)

85 89 This is instructive as to part of the reason "green energy" doesn't work on a large scale - it is too damn dilute. You need to devote large tracts of land

I thought we were leaving Christina Hendricks out of this?

Why leave her out of this? She's rich, she's got huge... tracts of land! She's perfect!

Posted by: Brandon In Baton Rouge at October 31, 2011 11:06 AM (VZ10+)

You can install 250 MW of gas turbine for about $ 100 million and the solar shit is one billion plus a foot print about the size of Delaware. How the hell does this make sense. We have enough natural gas to power this whole fucking country for at least a hundred years.

Posted by: Velvet Ambition at October 31, 2011 11:14 AM (mFxQX)

87 Greece's "Helios" project is going to cover their country with solar cells and produce jillions of watts of cheap electricity for export - enough to make them 20 Billion dollars over the next 20 years... which they will then be forced to spend on importing food.

Posted by: sherlock at October 31, 2011 11:23 AM (7UMow)

88 Obama is a stuttering clusterf*ck of a miserable failure.

Posted by: steevy at October 31, 2011 12:18 PM (fyOgS)

89 Ironically, by framing his green energy support in the terms of loans, Obama probably destroyed the industry. What the green industry needed was price subsidies not debt overhead. Ha ha ha ha ha ha, bastards.

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