The
following is from an associate:
"Perhaps you have noticed that one of Obama's Man of La Mancha's "windmills" is green energy.
Purportedly, he has convinced himself that we can support our economy without
hydrocarbons. Several things have gone wrong.
1. Solar energy via solar panels has taken a major hit in spite of federal
subsidies. Most solar panels are made in China and imported. Solar panel
companies in America have essentially gone out of business. It is reported that
Chinese manufacturers are doing poorly as well as demand in Europe and North
America has dropped sharply.
2. Fisker has just announced a major layoff. This company produces
expensive electric cars, and has a $190 million loan from the Department of
Energy. It has not built a car since last July. Its principal supplier of
batteries has gone bankrupt. The Chevy Volt has disappeared. All this in spite
of federal subsidies to those who purchase electric cars. The only companies
that are benefiting are those that make golf carts. One sees no golf carts on
the highways.
3. There are a few wind energy producers making money, and they are in
remote areas with lots of wind and not many people."
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