Entries Tagged as 'Solyndra'

The White House Knew Solyndra Was Not Profitable

October 10th, 2011 at 3:41 pm 38 Comments

Today, ailment the Wall Street Journal disclosed and commented upon an e-mail to Larry Summers regarding the Solyndra loans:

Brad Jones of Redpoint Ventures got to the heart of the Solyndra economy in a December 2009 email to then-National Economic Council director Larry Summers: “The allocation of spending to clean energy is haphazard; the government is just not well equipped to decide which companies should get the money and how much . . . One of our solar companies with revenues of less than $100 million (and not yet profitable) received a government loan of $580 million; while that is good for us, I can’t imagine it’s a good way for the government to use taxpayer money.”

This e-mail is along the lines of a column I wrote last week which identified the reality that a company losing money on every sale is not going to make a profit by adding a second production line.

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Solyndra’s Solar Flame-Out

October 2nd, 2011 at 8:24 am 45 Comments

Basic question for Congress to ask: “Sir, Let’s start with the basics, don’t tell us what you were thinking, tell us if you were thinking.”

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Government is a Lousy Investor

September 30th, 2011 at 8:57 am 58 Comments

Jim DiPeso is right to draw attention to the Colony Shale disaster and the disastrous Synfuels government supported enterprise that helped make it happen. But there’s a broader point to be made: the government is utterly clueless when it comes to developing consumer products.

Aside from developing products used only by governments alone–fighter jets and spacecraft–governments almost always fail when they try to develop things that individuals (or even business) want to buy.

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Colony Shale, The First Solyndra

September 29th, 2011 at 2:56 pm 22 Comments

Solyndra is a lesson in how the substitution of wishful thinking for green eyeshades can stimulate the growth of costly energy carbuncles that emit malodorous political fumes.

Today it is Solyndra. Yesterday it was Colony Shale.

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What Exactly is a “Green” Job? (Updated)

David Frum September 15th, 2011 at 11:43 am Updated45 Comments

Here’s a skill-testing hypothetical for you environmentalists out there.

Some future US government decides to impose a tax on oil to maintain the price above $125 a barrel.

Responding to this price signal, more Americans tell their real estate agents they want housing from which they can walk to work.

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