Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (525000)	11/1/2009 4:12:18 PM
From: longnshort	Read Replies (1) \| Respond to of 1587102

So they supporter her. big deal. People support Hillary was Obama forced out ?? what the fukk is wrong with you . She was forced out lololololol

To: J_F_Shepard who wrote (525000)	11/1/2009 4:13:31 PM
From: longnshort	1 Recommendation Read Replies (1) \| Respond to of 1587102

Tempers Flare in U.S. Over Chinese Involvement in Wind Farm Planned for Texas (so much for Obama's green jobs) TOM ZELLER Jr. Published: November 1, 2009 NEW YORK — News last week of the first major influx of Chinese capital and wind turbine manufacturing expertise into the renewable energy market in the United States — a 600-megawatt wind farm planned for the plains of west Texas — had many readers of the Green Inc. blog in a state of agitation. “I don’t understand why China is exporting wind energy to the U.S.,” wrote Mark from New York City. “Isn’t this exactly the kind of project a United States company could and should be doing?” Another reader — Drew from Boston — was more blunt: “Again, China is playing the West for a sucker,” he wrote. “We send them our engineering, they get the manufacturing work and experience.” The details of the deal known so far: Contingent on financing from Chinese commercial banks — and no small measure of funding from the U.S. economic stimulus package — A-Power Energy Generation Systems, a Nasdaq-listed company based in the Chinese industrial city of Shenyang, would provide 240 of its 2.5-megawatt wind turbines for a 36,000-acre, or 14,600-hectare, utility-scale wind farm in west Texas to be operated by Cielo Wind Power, a developer based in Austin. The total cost of the project, which was brokered in part by the U.S. Renewable Energy Group, an American private equity company, was estimated at $1.5 billion. At an event after the announcement in Washington on Thursday, Cappy McGarr, a managing partner at the company, was beaming. “This planned $1.5 billion investment in wind energy will spur tremendous growth in the renewable energy sector,” Mr. McGarr was quoted in a news release as saying, “and directly create hundreds of high-paying American jobs.” The devil, though — as many observers pointed out by the end of the week — is in the details. The group’s calculations last week put the number of American jobs at a little more than 300 — most of them temporary construction jobs, along with about 30 permanent positions once the wind farm is operating. Mr. McGarr told The Wall Street Journal that more than 2,000 Chinese jobs would be created by the deal. That, along with the fact that the project was hoping to secure 30 percent, or $450 million, of its financing from U.S. stimulus funds, was enough to send tempers flaring. “Why are U.S. stimulus funds being used to subsidize manufacturing jobs in China,” wrote a reader at Green Inc., who pointed out that American officials had repeatedly warned that the United States could lose its competitive edge on renewable energy manufacturing to China. And yet, he continued, “the federal government gives stimulus monies to subsidize a project buying turbines made in China. Why?” Part of the agitation almost certainly arises from China’s own reputation for green protectionism. As Keith Bradsher wrote earlier this year in The New York Times, by establishing prohibitive quotas for homegrown solar and wind turbine equipment, and disqualifying bids from foreign companies on dubious grounds, the Chinese leadership has muscled out American and European manufacturers of clean energy seeking to gain a foothold in China’s burgeoning market for renewables. As it happens, American officials made inroads in combating such trade barriers during a meeting of the U.S.-China Joint Commission on Commerce and Trade in Hangzhou, China, last week. Among the outcomes of the meeting: China agreed to remove local-content requirements on wind turbines. Still, with the American economy struggling to get back on its feet and with an analysis last week from The Associated Press suggesting that the White House may be guilty of overstating the number of American jobs its $787 billion stimulus package has so far created, news that a Texas wind farm would create thousands of green jobs in China was, for some, a bitter pill. “Thank you for killing the U.S. windmill industry,” wrote a reader from Chicago at Green Inc. “Thank-you, U.S. industrialists and financiers, for having us buy these things with financing and grants emanating from money borrowed from China.”