28 Oct '11, 11pm

Boehner: Energy Subsidies “Wrong” (& Can I Please Have a $2-Billion Loan Guarantee for a Nuclear Power Plant?)

Another fine article Zach! One can’t blame a representative asking for and legislating for money for their home state, after all, this is part of what gets them re-elected. But to ask for money for the nuclear power industry is ill conceived! Perhaps we could explore that avenue after all clean and renewable energy sources are exhausted. But we’ve barely begun to even tap that source. I suppose a 50% failure rate is not so bad for venture capital. When it comes to nuclear engergy, neither the big banks on Wall St, nor private venture firms will touch it! Raising venture capital for energy companies is not our politicians area of expertise, and they should not be involved in it. The federal government guaranteeing loans is a large part of what has got our economy in the condition we are in now! Most new companies that fail, do so, because they borrow too much money to get s...

Full article: http://cleantechnica.com/2011/10/28/boehner-energy-subsid...

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