In case it comes up over Thanksgiving Turkey ...
The failure of Solyndra is NOT a valid reason, to NOW plow headlong into those Oil and Gas fields, just waiting to be tapped and fracked all across the American landscape.
Here's one simple way to explain the demise of just one company, that comprises less than 2% of the Dept of Energy's otherwise, successful loan program.
Some industries are just hard to predict:
Take the Housing Construction industry as an example,
Is there any real consensus on when that job sector will turn around again?
When it will reach its former strength, employing millions?
-- it seems, to be anyone's guess.
... to say nothing about the future success or failures, of the individual Companies, within that sector.
Bottom-line:
Not all businesses are successful in the long run, are they?
It's no wonder Solyndra had problems, what with the behemoth competition from China;
... with its own demand being very dependent on the failure or success of the Construction Industry itself, for new retrofits, and for 21st century subdivisions going in, across the country.
Haven't seen too many of those lately, have you? (new subdivisions) -- No thanks to Wall Street!
... what with all their unregulated Derivatives and Mortgage Document Mills, they just pulled off the hiest of the Century.
They managed to refinance our financial futures (the value of our homes), into the ground, and in many cases, into their pockets.
Something has got to reel in Wall Street ... one of these days ...
Topic defended. Topic changed.
Here's a small snapshot of what's at stake:
larger
Image Source: CleanTechnica.com
Give us a Fracking Break! -- by jamess -- Nov 15, 2011
The EPA has just discovered in Wyoming -- that those toxic Fracturing Chemicals, DO get into people's drinking water, after all!
Oops! Maybe, just maybe, those companies shouldn't be EXEMPT from Clean Water regulations?
Happy Turkey Day, everyone! ... I'd stick with bottled beverages for now.