Kawasaki Concours Forum
Mish mash => Open Forum => Topic started by: gPink on November 08, 2014, 07:17:52 AM
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Just don't know what to say.....
World's largest solar plant applying for federal grant to pay off federal loan.
By William La Jeunesse
Published November 08, 2014 | FoxNews.com
After already receiving a controversial $1.6 billion construction loan from U.S. taxpayers, the wealthy investors of a California
solar power plant now want a $539 million federal grant to pay off their federal loan.
"This is an attempt by very large cash generating companies that have billions on their balance sheet to get a federal bailout, i.e.a bailout from us - the taxpayer for their pet project," said Reason Foundation VP of Research Julian Morris. "It's actually rather obscene."
The Ivanpah solar electric generating plant is owned by Google and renewable energy giant NRG, which are responsible for
paying off their federal loan. If approved by the U.S. Treasury, the two corporations will not use their own money, but taxpayer cash to pay off 30 percent of the cost of their plant, but taxpayers will receive none of the millions in revenues the plant will generate over the next 30 years.
http://www.foxnews.com/politics/2014/11/08/world-largest-solar-plant-applying-for-federal-grant-to-pay-off-its-federal/?intcmp=trending (http://www.foxnews.com/politics/2014/11/08/world-largest-solar-plant-applying-for-federal-grant-to-pay-off-its-federal/?intcmp=trending)
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Yes the one I built was supposed to cost less than 1 billion for only 100MW. When all is said and done it's cost will be closer to 2 billion. It's built in the middle of Nevada, 100MW doesn't travel that far on the grid well. It's a Spanish company that built it, why Spanish? The contract was dreadful and no American company wanted to touch it. That being said when it goes commercial it the owner will undoubtedly want a bail out. The government of course funded it all.
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Kinda like $80,000 Mercedes, Audi, and BMW hybrids. Why? Well, number one satisfy CAFE standards. And two, to make people feel good. The power plant was built just because we could.
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We went to the moon just because we could....and now we can't.
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I used to do a lot of things too, because I could, and now, I can't either. ;D
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Darn straight! :rotflmao:
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I used to do a lot of things too, because I could, and now, I can't either. ;D
Agree with that, some days its like :banghead:
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Yes the one I built was supposed to cost less than 1 billion for only 100MW. When all is said and done it's cost will be closer to 2 billion. It's built in the middle of Nevada, 100MW doesn't travel that far on the grid well. It's a Spanish company that built it, why Spanish? The contract was dreadful and no American company wanted to touch it. That being said when it goes commercial it the owner will undoubtedly want a bail out. The government of course funded it all.
WRONG.
TAXPAYERS funded it. Government funds NOTHING.
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Cholla, you know that all money belongs to the fedgov and must be distributed according to who needs the votes.
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WRONG.
TAXPAYERS funded it. Government funds NOTHING.
I dunno who you pay YOUR TAXES to, but I can tell you who will knok on your door when you don't pay them....
Coffee's perking.... wake up and smell it..... don't drink the coolaid.
Doh
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I noticed you said "when I dont pay my taxes".
If government pays for everything why do they come to my door to take my money?
If govt pays then why do they need me?
Taxpayers foot the bill for everything govt does.
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:popcorn:
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I noticed you said "when I dont pay my taxes".
If government pays for everything why do they come to my door to take my money?
If govt pays then why do they need me?
Taxpayers foot the bill for everything govt does.
No taxpayers only foot a small amount of what the govt does; they simply borrow the rest from China and/or print more money without gold backing it up..... ::)
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And from where does FEDGOV get the $ to pay the loan?
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print more money?
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print more money?
...which devalues the federal script we are holding and raises the interest on that same script.
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so what's your point?
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I always thought "We" are the Gov't, even though you say the Gov't is paying for it, really I'm paying for it as a tax payer because "I" am the Gov't. Don't like the way the Gov't is doing things? Vote for the person you think will change the way Gov't does things. The person you like won't always win. Keep voting.
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so what's your point?
Printing money is the ultimate hidden tax. It taxes the nickel in your pocket.
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I cannot let this thread go by without.....
http://youtu.be/ZqK97av7I3s (http://youtu.be/ZqK97av7I3s)
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:banana :banana :banana
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Just don't know what to say.....
"They'll let anybody be the governor of California" ~ Jesse Ventura
Hey Mr. Pink,
The whole thing reminds me of all the windmills they're erecting around here...it's a whole new bustling industry in itself. The interesting part is...if the private sector had to pay for them and invest in them all on their own, there wouldn't be a single windmill on the planet...lol.
Talk about tax dollars at work...
Rem;)
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"They'll let anybody be the governor of California" ~ Jesse Ventura
Hey Mr. Pink,
The whole thing reminds me of all the windmills they're erecting around here...it's a whole new bustling industry in itself. The interesting part is...if the private sector had to pay for them and invest in them all on their own, there wouldn't be a single windmill on the planet...lol.
Talk about tax dollars at work...
Rem;)
There is a 240 mill wind farm across east central ILL-inois that cost in the neighborhood of 1 billion dollars to develop. ROI numbers are hard to come by. :hitfan:
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There is a 240 mill wind farm across east central ILL-inois that cost in the neighborhood of 1 billion dollars to develop. ROI numbers are hard to come by.
I bet the ROI numbers ARE hard to come by...lol.
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OK, humor me, what's "ROI"?
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return on investment
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If one child does not die from a lung disease because the gov't invested trillions on wind turbines to replace evil coal, then the investment was worth all the money, right?
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<sigh> evil coal
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I burn coal in my stove in the garage, I love the smell of coal in the morning, it smells of victory.
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And how much does it cost to print more money? Plus, when more money is printed it devalues the dollar so it costs everyone more. Instant "tax increase".
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If one child does not die from a lung disease because the gov't invested trillions on wind turbines to replace evil coal, then the investment was worth all the money, right?
Never heard of a power plant killing anyone but windmill farms are killing animals.
The same animals the tree huggers try to protect by stopping loggging and coal fired power plants.
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If one child does not die from a lung disease because the gov't invested trillions on wind turbines to replace evil coal, then the investment was worth all the money, right?
+1 :thumbs: I love it when people try to use that augment. My answer is: considering millions of children on the edge of subsistence and the fact that every morsel of food, every stitch of clothing and every plank of shelter is dependent on energy to produce them, how many children with die from exposure or starvation if we raise the cost of energy, world wide, by 2x? If we do away with coal and try to replace with wind or solar farms the cost would go up by more than 2x.
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It would accomplish the leftist goal of reducing the human population on earth.
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It would accomplish the leftist goal of reducing the human population on earth.
Bingo! Something they will never admit but is in fact part of the communist manifesto.
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Never heard of a power plant killing anyone but windmill farms are killing animals.
The same animals the tree huggers try to protect by stopping loggging and coal fired power plants.
Maybe not the plants themselves, but plenty of miners have died from black lung and mine explosions and cave ins..
More info http://quitcoal.org/clean-coal (http://quitcoal.org/clean-coal)
I'm not a tree hugger by any stretch of the imagination, nor am I fan of nuclear power. I just couldn't let that comment 'Never heard of a power plant killing anyone' go by.. Anything that man does to affect the environment kills something whether it's us or some form of animal life.
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Maybe not the plants themselves, but plenty of miners have died from black lung and mine explosions and cave ins..
I'm not a tree hugger by any stretch of the imagination, nor am I fan of nuclear power. I just couldn't let that comment 'Never heard of a power plant killing anyone' go by.. Anything that man does to affect the environment kills something whether it's us or some form of animal life.
Underground coal mining used to provide a lot of jobs where I live, but after the last underground explosion in 1992, they've all been closed for a couple decades now. 17 men died in that particular mine. The last big underground mine that closed laid off 3300 men all in one shot.
The joke around here is that...if you re-opened one of the dangerous underground mines again, there'd be a line of men waiting to go work in them. The dangers have been forgotten...but the good paying jobs have not.
(And lets be honest...the industrial 'workplace' is much safer today than it was 20-30 years ago...by a long shot).
We still produce a little of our own coal by strip-mining....but the rest comes in by ship from places like Venezuela....or Pennsylvania?...anyway, it seems ridiculous...but it works, and my lights are still on...lol.
I'm not pro-nuclear...but I'm not really against it either. If it wasn't for Three Mile Island and Chernobyl (Or more recently, Japan)...I think there'd be a whole lot more nuclear plants around. I think...someday in the future...the general public is going to have to develop a stronger stomach for nuclear power (as "green" power) if they want wide-spread removal of coal fired power plants...
I dunno...sooner or later, after we're all trippin' over windmills, somebody will realize that they just can't replace fossil fuels with wind (although I suppose it's fine as a "supplemental" power supply).
I'm no tree hugger either...but I am a realist...lol. I believe that there IS a balance to be had with all things. As dumb as some of our politicians appear to be...I surely don't envy the positions many of them are in with trying to "please" all;).
Rem
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Don't have to please them, only fool them.
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Don't have to please them, only fool them.
Ain't that the truth?...lol. That about hits the nail on the head Gar!
Rem
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Yeah, look what they got the US voters to do.....twice.
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Yeah, look what they got the US voters to do.....twice.
Yup. Pretty amazing that an Actor could not only become President, but get re-elected too....
Or were you talking about the new guy? (not new anymore, I guess)
In both cases, there were almost as many people that believed that he (Reagan OR Obama), though from opposite ends of the political spectrum. was the Devil incarnate, as there were people that believed he was the 'best thing ever'... That's how elections work...
In terms of FOOLING the people (er... well... us, really) I don't think that any one party is any less guilty of "stretching" things... I don't think it would be too much of a 'stretch' to say that most of the people that don't like the current Gov't, would complain as much about any that might replace it as well...
(Disclaimer - I say 'us', though I'm Canadian... I think politicians are pretty much the same in all the developed countries)
Jamie
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It would accomplish the leftist goal of reducing the human population on earth.
That and stopping commerce in America.
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That and stopping commerce in America.
So true. Energy is the fuel for the engine of commerce. Commerce = capitalism hence it must be stopped.
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I'm holding out for unlimited power that some friendly space aliens will let us have...
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I'm holding out for unlimited power that some friendly space aliens will let us have...
Really don't think space aliens got to the top of the food chain by being "nice"!!
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I like the Canadian PM Harper.
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Really don't think space aliens got to the top of the food chain by being "nice"!!
Oh my...