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Thread: Solyndra to Declare Bankruptcy

  1. #51
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    Re: Solyndra to Declare Bankruptcy

    Quote Originally Posted by LesGovt View Post
    Ah, they might arrange for a small business loan. Good correction. Are those loans guaranteed by the Federal Government? Does the government make the loans or are they made through banks or other financial institutions? Again, my belief is that the Federal Government should not be making or guaranteeing loans for businesses, start-ups or otherwise.
    The loans are financed by private institutions and guaranteed by the SBA.
    I'm already gearing up for Finger Vote 2014.

    Just for reference, means my post was a giant steaming pile of sarcasm.

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    Re: Solyndra to Declare Bankruptcy

    Quote Originally Posted by LesGovt View Post
    The answer to your first question is yes.
    How about grants for research work?
    I'm already gearing up for Finger Vote 2014.

    Just for reference, means my post was a giant steaming pile of sarcasm.

  3. #53
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    Re: Solyndra to Declare Bankruptcy

    Quote Originally Posted by TacticalEvilDan View Post
    The loans are financed by private institutions and guaranteed by the SBA.
    So, as I thought, the taxpayers are stuck with the defaults. Not a good idea.

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    Re: Solyndra to Declare Bankruptcy

    Quote Originally Posted by TacticalEvilDan View Post
    How about grants for research work?
    I have no problem with private grants, say from the Ford Foundation or others

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    Re: Solyndra to Declare Bankruptcy

    Quote Originally Posted by teamosil View Post
    That isn't how it works. It isn't binary like there is either global warming or no global warming. The more factors causing the earth to heat up, the more it will heat up. At this point, no matter what we do, we're realistically going to keep increasing our emissions for the foreseeable future. If we do nothing to limit emissions, it will increase faster. The more we limit emissions the less it will increase. If we really are at a point in history where it is going to increase from natural causes, then that is all the more reason we need to limit emissions to soften the blow.
    We should be fine. Explore, drill, and refine oil and gas to supply us for the next 75 years or so and get us off foreign oil. In the meantime, develop alternative energy to replace fossil fuels.

    Quote Originally Posted by teamosil View Post
    Because oil is currently cheap. It won't always be. And there are scientific breakthroughs happening all the time that make solar cheaper.
    So, is it your suggestion that we increase the prices of our current energy sources so that alternative energy can compete? That doesn't sound like a financially sound idea to me. I am truly glad that they are making solar cheaper. When they can compete, let them compete.

    Quote Originally Posted by teamosil View Post
    Certainly a lot more rapid than things that take 20+ years of R&D before they are commercially viable.
    Well, then we have fossil fuels to keep us humming until that day arrives and we do not crush the American public with high cost energy.

    Quote Originally Posted by teamosil View Post
    Whether the government is buying the product and stimulating development or giving out loans to stimulate development doesn't really matter to me as long as it is getting done. The effect is the same either way. Besides, a lot of those things listed there are either government agencies or funded by research grants. I'm not saying the only development of green energy should be driven by government loans or something. Certainly private industry should continue to take the lead. But government boosting it makes sense to me. It's a good investment for the nation economically.
    Let the products stand on their own merit.

    Quote Originally Posted by teamosil View Post
    "Expanding production" is just a name for using the finite supply up faster. We need to be looking for ways to slow our consumption, not increase it.
    Yes, and that is why we need to continue to develop alternative sources.

  6. #56
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    Re: Solyndra to Declare Bankruptcy

    Quote Originally Posted by Temporal View Post
    Demand for alternatives is there, but supply is not high and prices are often non-affordable. It's because the industry is new, and without major government backing it won't take off. If the U.S. doesn't figure this out, it will lose an opportunity at a burgeoning new market. Europe and even Asia are starting to take advantage of this.
    This is my thinking too. Basically we have to create a demand for these products and in this economy and with less expensive alternatives available that is tough. We need much higher subsidies for these products that would allow them to be attractive for users to buy and maintain. Congress and the President aren't willing to take the criticism for spending that much money at this time so they throw out token subsidies that are doomed for failure. Getting people to use these products is the only way to make them attractive enough to draw interest.

    Part of my work is to do energy studies for schools and busninesses. My area is concetrated mostly on energy savings on lighting systems. There is a lot of innovation out there to drastically reduce energy costs associated with lightingl but the problem is the payback for using a lot of these measures can be 8, 10 or 12 years at current energy prices. I live in the south and frankly, energy costs are too low to get the payback to a reasonable time. Used to be during some of our energy crisis times power companies and the government were offering all kinds of incentives to upgrade. Today there is nothing for the average business or school district so they are very reluctant to spend the money.

  7. #57
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    Re: Solyndra to Declare Bankruptcy

    Quote Originally Posted by LesGovt View Post
    So, as I thought, the taxpayers are stuck with the defaults. Not a good idea.
    Your opinion of SBA loans to restaurants is irrelevant; that you acknowledge they exist is relevant to the point/counterpoint, and disproves your earlier claim:

    Quote Originally Posted by LesGovt View Post
    [...] Restaurants don't receive the loans or subsidies [...]

  8. #58
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    Re: Solyndra to Declare Bankruptcy

    Quote Originally Posted by LesGovt View Post
    The government is well known for guaranteeing loans that won't be paid back. [...]
    Can you provide some examples, or are we supposed to take your word for it?

  9. #59
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    Re: Solyndra to Declare Bankruptcy

    Quote Originally Posted by LesGovt View Post
    [...] Explore, drill, and refine oil and gas to supply us for the next 75 years or so and get us off foreign oil. [...]
    Impossible, as any intelligent review of the situation will clearly show.

    Now if you want to reduce consumption of crude by 50% (by, say, a 25% reduction in fuel consumption bolstered by 25% changeover to an alternative, perhaps such as natural gas), then you have outlined a possibly achievable goal. Otherwise, this air-headed drill-our-way-to-oil-independence populist mantra that is often heard from the right is too ignorant to even contemplate.

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    Re: Solyndra to Declare Bankruptcy

    Quote Originally Posted by jambalaya View Post
    [...] Part of my work is to do energy studies for schools and busninesses. My area is concetrated mostly on energy savings on lighting systems. There is a lot of innovation out there to drastically reduce energy costs associated with lightingl but the problem is the payback for using a lot of these measures can be 8, 10 or 12 years at current energy prices. I live in the south and frankly, energy costs are too low to get the payback to a reasonable time. Used to be during some of our energy crisis times power companies and the government were offering all kinds of incentives to upgrade. Today there is nothing for the average business or school district so they are very reluctant to spend the money.
    The solution there is via regulation, such as implementing stricter requirements into new building codes. This avoids the incurring the cost of retrofit on older buildings, and better amortizes the up front cost on newer buildings.... and over time, eventuall implements energy savings universally as older buildings fall into disuse or are demolished for bigger and better construction.

    However, this will run afoul of the over-regulation crowd (and we all know who they are), foaming at the mouth on radio and TV about the government controlling their lives, who consider it a God-given right to waste as much energy as they desire (or pollute as much as they desire), with zero regard to the long term implications for the country as a whole.

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