| Did you know that wind and solar energy projects | | | | energy space other than construction, and generally |
| have increased 150 to 250% year-over-year for the | | | | with LEEDs buildings the reason that everyone is |
| last five years? In fact, if you look at this Hyperbolic | | | | constructing these types of environmentally friendly |
| Growth it appears that we will have solved our | | | | buildings is because it's been mandated by many cities |
| energy problem and no longer need any fossil fuels | | | | and counties, and they are not giving out building |
| by 2025. Not long ago Dr. Walter Kohn, a famous | | | | permits unless you come up with energy efficient |
| scientist with a Nobel Prize in chemistry showed | | | | buildings. Now we can continue to mandate more |
| these beautiful graphics in a PowerPoint presentation | | | | wind turbines, and solar farms, but since the wind |
| and speech at one of the top universities in California. | | | | doesn't blow all the time, and it isn't sunny at night, |
| He suggested that these alternative energy projects | | | | these are inefficient ways to produce energy. |
| would continue to increase at that same rate by the | | | | The return on investment therefore will not be there |
| same factor and in ever increasing numbers. | | | | and clean coal technologies will overtake the |
| In essence what he was describing is what we know | | | | alternative energy sector, especially the wind and |
| in economics to be a bubble. It happens all the time. | | | | solar exploits in the future. After all if you burn clean |
| For instance, a recent bubble in Vietnam had | | | | coal you don't have the CO2, or the pollution, and |
| Hyperbolic Growth of the number of cars they were | | | | you still get more BTU, or energy unit out of it. Plus |
| building, and everybody went and invested in | | | | we have 250 years worth of coal available. Projecting |
| auto-manufacturing facilities, and in the auto industry | | | | a Hyperbolic growth in the wind and solar alternative |
| in Vietnam. Of course they didn't have | | | | energy sector is an academic fraud. Personally, I |
| year-over-year growth forever, and it has recently | | | | could really care less if Dr. Walter Kohn has a Noble |
| slowed down, because there are too many cars for | | | | Prize in chemistry or not, he's flat wrong. |
| the number of roads. And the number of roads will | | | | I also believe the Nobel Prize committee has faltered |
| have to increase before they can put any more cars | | | | in promoting the alternative energy sector, and I |
| in this incredible traffic jam that created. | | | | believe they are at fault for causing this bubble, |
| Bubbles occur in many industries, and I fear we are | | | | which every American will have to pay for it every |
| building an alternative energy bubble, and those who | | | | time they use energy in the future. This is the wrong |
| are investing in this sector, should be quite careful. In | | | | path for America unless these energy generation |
| fact many are already seeing this bubble and they | | | | methods can compete dollar for dollar with coal. If |
| are starting to back off on their investments. | | | | they can do that, they won't need subsidies. |
| Interestingly enough, Dr. Cohen gave this speech in | | | | And let us not forget that 60% of our current |
| 2010, a year where wind generation projects have | | | | electricity in the United States is generated from |
| slowed down, and are nowhere near the exponential | | | | coal-fired plants. Wind and solar is about 1% to 3% |
| growth on his curve. Now he might reason that was | | | | and thus, it's an insignificant number, and most |
| the economy that did this, but I believe it is the | | | | statistical classes that could be a rounding error. |
| return on investment or lack thereof that is causing | | | | Therefore for anyone to purport that such a |
| the curtailing of these wind generation projects. | | | | Hyperbolic Growth curve will continue indefinitely has |
| If you'll recall it was believed that we could produce | | | | either lost their marbles, is old and senile, or they are |
| ethanol to run all of our cars and bio diesel to run our | | | | smoking something, which I here is now legal also in |
| trucks in the United States. The incredible run-up in | | | | many parts of our country. |
| that sector was caused by tax incentives, and | | | | We as Americans should not be afraid to say the |
| government subsidies. In essence the government | | | | truth. It's time to knock the academics off their |
| created the bubble. I believe the United States | | | | alternative energy pedestal before we burst the |
| government, and this Obama administration is causing | | | | alternative energy bubble. Because we all know what |
| yet another bubble in the alternative energy sector, | | | | that means to us taxpayers in the future, after all, it |
| and suggesting that this is the way forward to | | | | seems we keep bending over and taking it in the |
| provide jobs for all Americans. That is basically | | | | shorts every time one of these bubbles bursts, and |
| horseshit. | | | | no one will admit who cut the cheese. |
| Very few jobs have been created in the alternative | | | | |