[Newsbot]

Title: Clean energy poster child SunEdison files for bankruptcy
Category: Business
Posted By: N_Fiddledog
Date: 2016-04-23 00:17:15

[N_Fiddledog]

Here's an editorialized version of the story from Townhall.com:

Happy Earth Day: Company Once Considered 'Poster Child' Of Clean Energy Files For Bankruptcy

"It's one thing when government decides to run your business into the ground thanks to the endless red tape, which is what President Obama is doing with coal. It's another thing to go under because Americans simply want affordable energy, carbon emission be damned (and rightfully so), and don't want to pay a lot of money. I know, how rational of them. SunEdison was once a $10 billion giant in the clean energy business. It has now filed for Chapter 11 protections, while also showing that clean energy isn't the future. It's only a great way to burn a lot of other people's money"

More at link.

http://townhall.com/tipsheet/mattvespa/ ... y-n2152399

[sandorski]

Not clicking the BS link.

This company tried to expand too fast. Classic error on their part.

[N_Fiddledog]

$1:

Yes, fossil fuels are more efficient and cheaper. And yes, America has centuries of energy from coal, oil, and natural gas. In fact, coal and natural gas constitute 66 percent of our energy generation. These are the very sectors that power our economy. To reduce their output, would only lead to fewer jobs, more expensive electricity bills, and the slowing of our economy. According to estimates, we currently have enough coal for 460 years of energy, natural gas for 120 years, and oil for 200 years. In fact, due to technological advances, oil isn’t going to run out out either. Concerning similar advancements, Energy for America estimated that we could have enough energy from coal for an additional 9,800 years, 580 years for natural gas, and 530 years for oil. So, tell me why are we indulging in this rather embarrassing clean energy venture that will never get off the ground thanks to Solyndra? I have no clue.

[DrCaleb]

The largest U.S. coal company just filed for bankruptcy

Arch Coal Files for Bankruptcy (Second largest US coal company)

[bootlegga]

N_Fiddledog N_Fiddledog:

$1:

Yes, fossil fuels are more efficient and cheaper. And yes, America has centuries of energy from coal, oil, and natural gas. In fact, coal and natural gas constitute 66 percent of our energy generation. These are the very sectors that power our economy. To reduce their output, would only lead to fewer jobs, more expensive electricity bills, and the slowing of our economy. According to estimates, we currently have enough coal for 460 years of energy, natural gas for 120 years, and oil for 200 years. In fact, due to technological advances, oil isn’t going to run out out either. Concerning similar advancements, Energy for America estimated that we could have enough energy from coal for an additional 9,800 years, 580 years for natural gas, and 530 years for oil. So, tell me why are we indulging in this rather embarrassing clean energy venture that will never get off the ground thanks to Solyndra? I have no clue.

Yes, the US may have enough oil to last a long time, however they don't have the capability to produce all of the 19 million barrels that the US uses every day.

In fact, they only produce a little more than half of that.

http://www.nacsonline.com/YourBusiness/ ... tions.aspx

And something tells me that currently there is little financial incentive to invest the tens of billions necessary to develop that infrastructure.

[andyt]

DrCaleb DrCaleb:

The largest U.S. coal company just filed for bankruptcy

Arch Coal Files for Bankruptcy (Second largest US coal company)

That's only because of the red tape and the warmist cornspiracy in govt.

[DrCaleb]

andyt andyt:

DrCaleb DrCaleb:

The largest U.S. coal company just filed for bankruptcy

Arch Coal Files for Bankruptcy (Second largest US coal company)

That's only because of the red tape and the warmist cornspiracy in govt.

It's funny, because in their bankruptcy filings they reveal how much they have donated, and sometimes entirely bankrolled, to groups in the global warming denial camps.

[andyt]

Well, gotta get the truth out there somehow. Think of all the money the warmist cornspirators are getting, what this company donated is just a pittance. In fact the whole carbon industry gives very little money to the brave warriors countering the warmist lies. Drop in the bucket.

[N_Fiddledog]

DrCaleb DrCaleb:

The largest U.S. coal company just filed for bankruptcy

Arch Coal Files for Bankruptcy (Second largest US coal company)

Yes, and the reasons given were over-regulation from the Obama administration, market decrease due to economic problems in China, and competition from oil.

So the only one that might apply to the solar and wind bankruptcies is oil competition.

Very well. What's your point?

[N_Fiddledog]

bootlegga bootlegga:

Yes, the US may have enough oil to last a long time, however they don't have the capability to produce all of the 19 million barrels that the US uses every day.

In fact, they only produce a little more than half of that.

http://www.nacsonline.com/YourBusiness/ ... tions.aspx

And something tells me that currently there is little financial incentive to invest the tens of billions necessary to develop that infrastructure.

I think the point was there are enough American fossil fuel reserves to last at least more than half a millennium.

[DrCaleb]

N_Fiddledog N_Fiddledog:

Very well. What's your point?

My point being, coal had it's day. It was a good run, but now people want something better. Cleaner. Something with fewer long term consequences. Something with a future.

http://electrek.co/2016/04/25/tesla-sol ... y-storage/

http://fortune.com/2016/02/16/solarcity ... es-hawaii/

[herbie]

As opposed to "The asteroid isn't going to hit us for another 500 years so we should wait until it's commercially viable to do something about it?"