New Products Flash Sale
Thread Tools
Old Jul 05, 2012, 03:36 PM
P-51C is offline
Find More Posts by P-51C
Reserved Parking
P-51C's Avatar
Discussion

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/
Old Jul 05, 2012, 03:42 PM
logan5 is offline
Find More Posts by logan5
Registered User
meh ... what's new? Another Government failed venture capital failure. Another failure to place on the wall of ineptitude.
Old Jul 05, 2012, 03:48 PM
Real Ira is offline
Find More Posts by Real Ira
Not THAT Ira
Real Ira's Avatar
How many of these will it take for the majority of the people to see a pattern?
Old Jul 05, 2012, 03:51 PM
logan5 is offline
Find More Posts by logan5
Registered User
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?
There is a certain percentage of the population that will never see the pattern ... you can't miss them ... they carry pom poms.
Old Jul 05, 2012, 03:51 PM
BE77 Pilot is online now
Find More Posts by BE77 Pilot
SUPER DOG!
BE77 Pilot's Avatar
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?
The majority have no clue.
Old Jul 05, 2012, 04:29 PM
Big Foot 48 is online now
Find More Posts by Big Foot 48
Alarm Bells Continuing!
Big Foot 48's Avatar
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.
Old Jul 05, 2012, 08:24 PM
56S is online now
56S
Find More Posts by 56S
56S
Certified Balsa Breaker
56S's Avatar
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.
Old Jul 05, 2012, 08:28 PM
56S is online now
56S
Find More Posts by 56S
56S
Certified Balsa Breaker
56S's Avatar
Nope, not it either. http://cnsnews.com/news/article/9-bi...98-million-job
Old Jul 05, 2012, 08:32 PM
logan5 is offline
Find More Posts by logan5
Registered User
It's like you can't throw a rock without it hitting some failed government 'investment' these days.
Old Jul 05, 2012, 08:40 PM
56S is online now
56S
Find More Posts by 56S
56S
Certified Balsa Breaker
56S's Avatar
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.
Old Jul 05, 2012, 08:40 PM
56S is online now
56S
Find More Posts by 56S
56S
Certified Balsa Breaker
56S's Avatar
Quote:
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 .....
Old Jul 05, 2012, 09:16 PM
RCWorks is offline
Find More Posts by RCWorks
Happy days are here again!
RCWorks's Avatar
I have one question...

How much money did they give Obama to get elected? Then you will know why they got our money.
Old Jul 05, 2012, 10:13 PM
Pipemajor is offline
Find More Posts by Pipemajor
Bagpipes spoken here
Pipemajor's Avatar
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)
Last edited by Pipemajor; Jul 06, 2012 at 06:53 AM.
Old Jul 05, 2012, 10:15 PM
rcjetpilot is offline
Find More Posts by rcjetpilot
Suspended Account
Quote:
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...
Old Jul 05, 2012, 10:16 PM
rcjetpilot is offline
Find More Posts by rcjetpilot
Suspended Account
Quote:
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.


Thread Tools

Similar Threads
Category Thread Thread Starter Forum Replies Last Post
Discussion A little light on Obama Care dll932 Life, The Universe, and Politics 0 Jun 30, 2012 02:39 PM
Discussion Yet another taxpayer funded government energy fiasco... P-51C Life, The Universe, and Politics 4 Jan 05, 2012 03:37 PM
Discussion OH NO!! Here I go on another wacko winch project. rogerflies Thermal 33 May 26, 2009 01:38 PM
Yet another thing that can go wrong on a Slow Stick bradm Aerial Photography 31 Oct 14, 2004 11:26 AM