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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: tom pope	9/2/2011 10:24:55 AM
	3 Recommendations Read Replies (2) of 206184

Excerpt from WSJ (please nobody tell me that the administration's green priorities are not relevant to an energy board) President Obama is expected to seek another $250 billion or so in new stimulus funds next week, with plenty of money for clean energy and the creation of so-called green jobs. Never mind that no one can seem to find many Americans who got green jobs as a result of the original stimulus spending. Consider two stories. In the 2009 stimulus, the feds gave nearly $3.2 million in green-energy grants to my county of Arlington, Va., with almost $300,000 used to install solar paneling on the roof of our local library. (Don't ask why the feds are giving one of the five wealthiest counties in America free money.) Arlington officials boast the project will save $14,000 in annual electricity costs, but the solar panels have a life span of no more than 10 to 15 years. So the feds spent $300,000 to shave at most $150,000 off the net present value of Arlington's electric bills. Some 3,000 counties across the country received federal funds for the same kind of negative-return energy conservation "investments." This is the kind of "clean energy" program the administration wants to expand.<snip>

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