In response to:

Obama Never Admits Green Failure

canetoad Wrote: Sep 30, 2012 11:12 PM
Average ANNUAL support for the oil and gas industry has been $4.86 billion (1918-2009), compared to $3.50 billion for nuclear (1947-1999) and $0.37 billion (1994-2009) for renewable energy. By the way all the above bankruptcies added together pale in comparison to the $11billion, stockholders lost when ENRON kicked up its heels along with the $3.7billion in financing it received through federal government agencies.
Marita Wrote: Oct 02, 2012 11:47 AM
Enron makes my point that government dependence is bad social policy and bad business strategy.

Check out this link on Enron and government: http://www.econlib.org/library/Columns/y2012/Bradleyenron.html
Lisa179 Wrote: Oct 01, 2012 7:03 PM
The GOVERNMENT makes more on oil and gas than the corporations with all of the taxes they pay. You Lefties should be HAPPY when oil & gas make a profit as they pay back far more than they get. Further they are not getting multibillion dollar loans and grants.

How much tax revenue does a bankrupt green energy company provide to the Treasury? BIG FAT ZERO just like these stupid projects.
canetoad Wrote: Oct 01, 2012 9:14 PM
Apparently you are willing to dismiss the $3.7 billion that blew away into the wind with the collapse of ENRON.
Nancy Pfund managing partner BDL Investors “All new energy industries -- timber, coal, oil and gas, nuclear -- have received substantial government support at a pivotal time in their early growth, creating millions of jobs and significant economic growth," adding, “Subsidies for these ‘traditional’ energy sources were many, many times what we are spending today on renewables." Also environmental protection should trump profits any day
cchuba Wrote: Oct 01, 2012 8:15 AM
Canetoad, your numbers for oil and gas are way off, please document them. In the case of renewables, we are actually GIVING them cash to operate. In the case of oil and gas the things that are called 'subsidies' is the reception of lower revenues. Oil and natural gas actually provide a positive cash flow for gov't.

In any case,you are missing the larger point, the gov't has no legitimate role in providing venture capital funding directly to businesses, that is done much more efficiently in the private sector. The green subsidies are executed in the most inefficient possible manner.

If he succeeds in his run for a second term, President Obama doesn’t intend to tone down his efforts to push for green energy. Instead of learning from his mistakes, he plans to “do more.”

During his recent sit down with Steve Kroft for the interview that aired on 60 Minutes, the President was asked about green energy—though the clip was omitted from the program that the American public saw.

Kroft: “You said one of your big campaign themes was that green energy, the green economy, was going to be a tremendous generator of...

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