Fox News: US Solar Energy Investment Less Than Germany Because US Has Less Sun
Andy Prough writes "Apparently those wise folks at Fox have figured out America's reluctance to invest as much money in solar energy as Germany — the Germans simply have more sun! Well, as Will Oremus from Slate points out, according to the U.S. Dept. of Energy's Solar Resource map comparison of the U.S. and Germany, nothing could be further from the truth — Germany receives as much sunlight as the least lit U.S. state — Alaska."
If this is their "expert" on solar energy, it's a serious blow to Fox's nonexistent credibility. If they can't be bothered to bring on experts who, at the very least, are going to dance around the real issue factually to make a case for the conservative standpoint, they need to get off the air.
My thought: who is being held accountable for the money, and overseeing that it goes into productive use?
Because in private enterprise the return on investment is always 100% guaranteed?
You left out another major factor, the Chinese don't have to worry about environmetal issues. Want to dump all the dirty water you made when you etched those panels? China says find your nearest river and have at.
Comedy, or tragedy?
"Back to the video, the REAL point that was being made was that billions of YOUR tax dollars have been flushed down failed companies who have far more talent in kicking back their government investments rather than actually producing energy."
I might believe that Fox cared about that if they had been as vigorously opposed to the multi-billion dollar fiasco that was the Iraq war, which included just as much corruption via-a-vis Hallibuton, et. al.
I'd believe it if they rallied against the 10-54 billion (depending on how you count) subsidies we give to fossil fuel companies, who rake in trillions in profits. Half-billion to a failed solar company is bad, but not as bad as 10+ billion to already established, ridiculously-profitable industries.
I love how this seems to work. One company failed (Solyndra). And it was allowed to fail, not propped up endlessly (which I think is how this stuff should work). The poster was all for using government subsidy to jump start a newish industry. But now that ONE company failed, it magically gets extended to all of them, and it's government fraud, and we should stop everything.
One company fails = "As for direct investment into "Green" companies the government shouldn't be trusted on that ever again."
A few points:
Personally, I was all for government subsidizing of the clean energy industry to get that ball rolling. That was until Solyndra. It wasn't that it failed mind you. It was the fact that $500,000,000 in loan guarantees from the government were coming back to the very same politicians who were providing those guarantees!
Protip: You shouldn't be singling out clean energy or Solyndra for this.