Evergreen Solar Energy Is Defunct

EIN News says, "60% of Gulf of Mexico Oil Output Shut by Storm More than half of U.S. crude oil output in the Gulf of Mexico was shut in on Sunday as Tropical Storm Lee hindered efforts to restaff and restart oil and gas platforms in the basin. (reuters.com)".

This is a regrettable incident, but must be taken as part of operational costs. In spite of what junk scientists say, we cannot control the weather. Fortunately, these storms last a short time and have an effect of only a few weeks at most.

Conversely consider man-made fiascoes. The Obama Administration held up the granting of drilling permits to limit production of US oil. It wanted and probably still wants to have what it calls a "sustainable" energy source. The problem is that while this may be a good idea in some centuries to come, it is not applicable at the present time with availability of significant quantities of cheap petroleum, if we are not inhibited from getting it.

Evergreen, a solar energy company, has just gone bust with their filing for bankruptcy. The state of Massachusetts put $58 million into subsidies and tax benefits for the operation. Mitt Romney was fortunately not the governor at the time. If he had been, he would be taking it on the chin now, on top of the Massachusetts health plan, which is a dead ringer for that of Obama's federal program and an economy killer.

It all boils down to pie-in-the-sky versus reality. Petroleum is reality. We use plenty of it and could use more. Solar energy and wind are pie-in-the-sky. Without subsidies, they cannot compete with petroleum in spite of the hurdles that the Obama administration has been placing on the petroleum industry.