Water is cheap also. Far from dead though. Gasoline is cheap also. A solar panel is not cheap. But enough of 5th grade logic. Your name says it all about you.
Jimjohn been lucky on price movements in the past like a dead clock. I would not give his logic much credit. Would be nice if he actually thought instead of saying "Coal is dead".
Alternative energy does not. Fossil fuel prices do have something to do with renewable energy stocks.
Solarcity is down 6% this morning. We are here to expose you when you are lying.
Actually, historically speaking, the only time alternative energy plays were able to peak their head was during price hikes. Else, the solar companies and the like would face bankruptcies. Bankruptcies in the solar market is real. If fossil fuel prices continue to stay low, solar will go bankrupt for sure. Nice try green pumper.
Many budgets of countries depend on commodity prices. Examples are Russia and Iran. Crude prices for example are down to ridiculous prices for no apparent reason. One article indicated a possible lifting of a ban on domestic crude exports. Opinions welcome. Green heads on the other hand are psychotically touting that renewable energy is now taking by storm and killing the traditional fuels.
The Amonix Solar: FAIL – manufacturing plant in North Las Vegas, subsidized by more than $20 million in federal tax credits and grants given by Obama Administration, has closed its 214,000 square foot facility a year after it opened.
Solar Trust of America: FAIL - Filed Bankruptcy in Oakland, CA, April 3, 2012 – On April 2, 2012
Bright Source: FAIL - Bright Source warned Obama’s Energy Department officials in March 2011 that delays in approving a $1.6 billion U.S. loan guarantee would embarrass the White House and force the solar-energy company to close. Lost Billions of dollars but Getting More Money To Keep Trying. Can you say, “This isnt working?”
Solyndra: FAIL - Obama gave Solyndra $500,000,000 in taxpayer money and Solyndra shut its doors and laid off 1100 workers in August 2011 After Billions in Losses due to failure to make a solar product that works!
LSP Energy: FAIL - LSPEnergy LP filed bankruptcy protection and a sale of its assets in Feb 2012
Energy Conversion Devices: FAIL – On February 14, 2012 Energy Conversion Devices, Inc. and its subsidiaries filed for bankruptcy
Abound Solar: FAIL - Abound Solar received a $400 million loan guarantee from Barack Obama announced in June, 2012 that it would file for bankruptcy.
SunPower: FAIL – SunPower stopped producing solar cells last year at near bankruptcy restructured only with help of, get this, oil giant TOTAL who owns 60% stake. Irony! Still struggling.
Beacon Power: FAIL – Beacon Power Corp filed for bankruptcy Oct 2011 just a year after Obama approved $43 million loan Government loan guarantee.
Ecotality: FAIL - ECOtality, a San Francisco green-tech company that never earned any money on the verge of bankruptcy after receiving roughly $115 million in two loan guarantees from Obama.
A123 Solar: FAIL-A123 received $279 million from taxpayers thanks to President Obama’s Department of Energy loan guarantees and after Solyndra bankruptcy is getting another $500M from Obama and it has lost $400M.
I reposted MIchael's original list of failed solar companies just in case you thought nobody follows up on your lies.
This is for JimJohn...He does not believe solar companies fail left and right.
Solar companies are going bankrupt left and right. Solarcity lost almost 10% today. Would be ironic if a few more solar will go bankrupt. You predicting end of coal and all i see is corruption and bankruptcies in solar companies. The big guys know there is no future for solar , so they are pocketing the cash as soon as it hits their hands.
As the solar companies are crashing, you try to sneak in wind power. Lets get it straight, there are no secrets when it comes to wind power. Therefore, no leaked government reports. I recall Boone Pickens was pumping and struggling with wind farms many years ago. Nothing new under the sun. Get in Coal. Clean coal is what politicians will be touting soon.
down almost 10% today. Looks like its heading towards zero. Going bankrupt and not because aci will kill it. But because Solar never had a chance.