Tuesday, June 12, 2012

Reality Transcends Irony: Solar Failure is Sign of Maturity

Grand Game, Grand Game, whatcha gonna do?

Here is an article from the Seattle Times, on solar power.  It contains several nuggets of comedy gold.

But the best, IMHO, is the following claim:

" The report's authors said the demise of companies such as Solyndra, Evergreen Solar, SpectraWatt, Solar Millenium and Solon was a sign that the solar industry is maturing."

Look, we have been spending hundreds of billions of $ for 30+ years.  And there is no viable solar power industry.  Even the buggy whip industry had a some good years, before getting all "mature" and going bankrupt.

Nod to the Ward Boss, who knows things.


Pelsmin said...

Yeah, and the demise of Mantle and Maris are signs that the 61 Yankees are maturing. I love it when economilliterates suddenly embrace business concepts and principles to support their points. "Loaning money to green companies can actually IMPROVE bank profits!"

John D. said...

"In 1903, the United States had over 500 car companies, most of which quickly fell by the wayside even as the automobile sector grew into an industrial juggernaut," the report said. "Today, the renewable energy sector is experiencing similar growing pains as the sector consolidates."

Yes - this is just like the early auto industry. Imagine the wonderful progress when, in 50 years or so, we have 2 large solar companies. Then imagine both of them being bailed out by the taxpayers as the industry is fully matured.

I wonder how many of the 500 auto companies had federal loan guarantees, though. Perhaps if the 1903 government had more involvement with those early auto companies, we could have saved them too!