” The Solyndra technology was far from innovative, much less game-changing. The DOE … failed to quantify the elasticity of production costs in a highly competitive market where solar panels are a commodity.”
“Given the many other companies with shaky financials that have received loan guarantees, I expect we’ll see more and larger epic fails like Solyndra in the coming years.”
– Robert Peltier, “Epic Fail, POWER, October 2011, p. 6.
The seasoned warnings against politically correct, market incorrect technologies for electric generation by POWER magazine editor-in-chief Robert Peltier are now being vindicated. Peltier did not anticipate the unseemly crony capitalism involved in such cases as Solyndra, but he knew that there was trouble ahead because of the technological problems of converting very dilute, intermittent energy into affordable, dispatchable power flows.…
“We created a way of raising standards of living that we can’t possibly pass on to our children. It has to collapse, unless adults stand up and say, ‘This is a Ponzi scheme. We have not generated real wealth, and we are destroying a livable climate.’”
– Joe Romm, quoted in Thomas Friedman, Is the Inflection Point Near?, New York Times, March 7, 2009.
“Is there any more single-minded, simple pleasure than viewing with alarm? At times it is even better than sex.”
—Kenneth Boulding (1970), p. 160. [1]
I know…. We free-market optimists–and we ObamaCare, ObamaEnergy, etc. pessimists–are like the chap who jumps off the skyscraper and reports that everything is breezy on the way down.
But we have been jumping off buildings ever since Robert Thomas Malthus’s An Essay on Population was published in 1798.…
MasterResource, the free market energy blog, surpassed a million views last month. While not a megablog by any means, ours is a high quality, in-depth, one-post-per-day contribution to the current energy debate–and a resource for the historical record (our extensive index stands at 365).
Since its beginning in late 2008, MasterResource has published approximately 875 posts from 110 different authors. Comments from our loyal, sophisticated readership add substance to many of the in-depth posts. And we have achieved critical mass; Google an energy-policy-related term and MasterResource, and usually something will come up.
MasterResource has covered a variety of energy issues on the state, federal, and even international level. But our most active area has been the growing backlash against industrial wind turbines. MasterResource is a leading voice for citizens, environmentalists, and small-government advocates who have united against this intrusive, wildly uneconomic, government-enabled energy form.…