Quote:
Originally Posted by wellendowed1911
Obama in his 6 years as POTUS produced more oil than Bush in his 8 years ...
You can thank Obama for investing in alternative fuel sources ......
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No thanks.
A list of faltering or bankrupt green-energy companies:
1.Evergreen Solar ($25 million)*
2.SpectraWatt ($500,000)*
3.Solyndra ($535 million)*
4.Beacon Power ($43 million)*
5.Nevada Geothermal ($98.5 million)
6.SunPower ($1.2 billion)
7.First Solar ($1.46 billion)
8.Babcock and Brown ($178 million)
9.EnerDel’s subsidiary Ener1 ($118.5 million)*
10.Amonix ($5.9 million)
11.Fisker Automotive ($529 million)
12.Abound Solar ($400 million)*
13.A123 Systems ($279 million)*
14.Willard and Kelsey Solar Group ($700,981)*
15.Johnson Controls ($299 million)
16.Brightsource ($1.6 billion)
17.ECOtality ($126.2 million)
18.Raser Technologies ($33 million)*
19.Energy Conversion Devices ($13.3 million)*
20.Mountain Plaza, Inc. ($2 million)*
21.Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
22.Range Fuels ($80 million)*
23.Thompson River Power ($6.5 million)*
24.Stirling Energy Systems ($7 million)*
25.Azure Dynamics ($5.4 million)*
26.GreenVolts ($500,000)
27.Vestas ($50 million)
28.LG Chem’s subsidiary Compact Power ($151 million)
29.Nordic Windpower ($16 million)*
30.Navistar ($39 million)
31.Satcon ($3 million)*
32.Konarka Technologies Inc. ($20 million)*
33.Mascoma Corp. ($100 million)
*Denotes companies that have filed for bankruptcy.
http://dailysignal.com/2012/10/18/pr...ergy-failures/
The "back story" of the government loan program is companies filed bankruptcy, cleansed themselves of private debt, and re-affirmed the government debt, so private lenders got screwed and the government funding (taxpayers' money) of the companies like Solyndra are "back in business.'
I can just imagine the Saudis are scared shitless over Obaminable's ponzi schemes.