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Old Jul 05, 2012, 02:36 PM
Reserved Parking
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Lights go dim on yet another Obama energy project

The taxpayers may be on the hook for yet another one;

"A geothermal energy company with a $98.5 million loan guarantee from the Obama administration for an alternative energy project in Nevada — which received hearty endorsements from Energy Secretary Steven Chu and Senate Majority Leader Harry Reid — faces financial problems, and the company’s auditors have questioned whether it can stay in business.

Much like Solyndra LLC, a California solar-panel manufacturer with a $535 million federal loan guarantee that went bankrupt, Nevada Geothermal Power (NGP) has incurred $98 million in net losses over the past several years, has substantial debts and does not generate enough cash from its current operations after debt-service costs, an internal audit said."

http://www.washingtontimes.com/news/...nergy-project/
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Old Jul 05, 2012, 02:42 PM
Libertas in Infinitum
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meh ... what's new? Another Government failed venture capital failure. Another failure to place on the wall of ineptitude.
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Old Jul 05, 2012, 02:48 PM
Not THAT Ira
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How many of these will it take for the majority of the people to see a pattern?
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Old Jul 05, 2012, 02:51 PM
Libertas in Infinitum
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Houston Ellington, Texas, United States
Joined Feb 2001
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Originally Posted by Real Ira View Post
How many of these will it take for the majority of the people to see a pattern?
There is a certain percentage of the population that will never see the pattern ... you can't miss them ... they carry pom poms.
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Old Jul 05, 2012, 02:51 PM
I want to go flying!
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How many of these will it take for the majority of the people to see a pattern?
The majority have no clue.
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Old Jul 05, 2012, 03:29 PM
Alarm Bells Continuing!
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Arizona
Joined Oct 2001
276 Posts
They claim they are still making payments on the Fed loan. For now.

Why don't they just raise their rates to $1.00/kwh and have Obama buy the power for the nearest military bases as part of his green agenda? They make a nice profit and survive and the deficit goes up and "Obama The Deficit Killer" looks the other way.
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Old Jul 05, 2012, 07:24 PM
56S
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Quote:
Originally Posted by Real Ira View Post
How many of these will it take for the majority of the people to see a pattern?
Here's another one.

http://www.hawaiinewsnow.com/story/1...are-bankruptcy

This isn't even the one I was looking for.
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Old Jul 05, 2012, 07:28 PM
56S
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Nope, not it either. http://cnsnews.com/news/article/9-bi...98-million-job
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Old Jul 05, 2012, 07:32 PM
Libertas in Infinitum
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Houston Ellington, Texas, United States
Joined Feb 2001
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It's like you can't throw a rock without it hitting some failed government 'investment' these days.
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Old Jul 05, 2012, 07:40 PM
56S
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Getting closer... http://sunetric.com/blog/post/u-s-de...reener-hawaii/

Bingo! http://www.bizjournals.com/pacific/s....html?page=all

Only 175 million.
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Old Jul 05, 2012, 07:40 PM
56S
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Originally Posted by logan5 View Post
It's like you can't throw a rock without it hitting some failed government 'investment' these days.
That's much nicer than saying you can't swing a dead .....
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Old Jul 05, 2012, 08:16 PM
Disgruntled Member
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United States, OK, Anadarko
Joined Aug 2003
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I have one question...

How much money did they give Obama to get elected? Then you will know why they got our money.
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Old Jul 05, 2012, 09:13 PM
Bagpipes spoken here
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United States, MN, St Paul
Joined Aug 2007
108 Posts
Guess we should have quit when that first rocket blew up on the pad.
Or the second. Or third, or fourth, or fifth...

We never did make a profit by going to the moon, did we?

Early US rocket launches and failures (9 min 57 sec)
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Old Jul 05, 2012, 09:15 PM
Watts is life...
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Originally Posted by logan5 View Post
meh ... what's new? Another Government failed venture capital failure. Another failure to place on the wall of ineptitude.
Dooood..... its green man... its the future...
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Old Jul 05, 2012, 09:16 PM
Watts is life...
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Originally Posted by Pipemajor View Post
Guess we should have quite when that first rocket blew up on the pad.
Or the second. Or third, or fourth, or fifth...

We never did make a profit by going to the moon, did we?
Apples and oranges... and abject modern liberalism thought.
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