The Mudcat Café TM
Thread #115883   Message #3238717
Posted By: Sawzaw
14-Oct-11 - 12:20 AM
Thread Name: BS: Popular Views: the Obama Administration
Subject: RE: BS: Popular Views: the Obama Administration
GF always post such pertinent facts for discussion. A role model for Libs everywhere. The way he never questions any facts from others in his tribe. The way he demands information from people he disagrees with and the way he responds to courteous requests. He has such a positive attitude. Breathtaking.

The next Solyndra:

But Mr. Harry Reid has taken the nascent geothermal industry under his wing, pressuring the Department of Interior to move more quickly on applications to build clean energy projects on federally owned land and urging other member of Congress to expand federal tax incentives to help build geothermal plants, benefits that Nevada Geothermal has taken advantage of.... Ormat Technology, which is a Nevada Geothermal partner. Ormat’s lobbyist in Washington, Kai Anderson, and one of the company’s top executives, Paul Thomsen, are former aides to Mr. Reid.

A U.S.-Backed Geothermal Plant in Nevada Struggles
NYTimes

The company is Nevada Geothermal Power, which like Solyndra, the now-famous California solar company, is struggling with debt after encountering problems at its only operating plant.

After a series of technical missteps that are draining Nevada Geothermal’s cash reserves, its own auditor concluded in a filing released last week that there was significant doubt about the company’s ability to continue as a going concern.

It is a description that echoes the warning issued in 2010 by auditors hired by Solyndra, which benefited from the same Energy Department loan guarantee before its collapse in August caused the Obama administration great embarrassment.

The parallels between the companies illustrate the risk inherent in building the clean energy marketplace in the United States, government officials and industry experts say. Indeed, the loan guarantee program exists precisely because none of these ventures are a sure bet.