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The Water Cooler
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Who will apply for work at Tesla in Tulsa?
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<blockquote data-quote="Rez Exelon" data-source="post: 3368847" data-attributes="member: 5800"><p>It was 535 million. As of 2014 the loan program was turning a profit. 34.2 billion loaned out in total, 780 million defaulted on (including Solyndra) but had received 810 million in interest. So the program was running in the black. </p><p></p><p>As far as a program designed to push R&D research, I'd think that's pretty good. Usually R&D is a money pit until one of the brilliant ideas or technologies gets out of there and makes it to a commercially viable success. Especially in terms of clean energy, there will absolutely be losses and the need for "subsidies" (no matter how one defines the word) because it's an industry in infancy which nearly always means losses. But if money wasn't funneled in there, the technology would never advance.</p><p></p><p>On the other hand, if we keep just relying on fossil fuels, we know that we're trusting a finite resource. No matter when we hit peak oil, we WILL hit peak oil at some point. My thought it is that I'd like us as a species to get ahead of that, convert to clean (renewable) energy and then hold onto fossil fuels as a backup.</p></blockquote><p></p>
[QUOTE="Rez Exelon, post: 3368847, member: 5800"] It was 535 million. As of 2014 the loan program was turning a profit. 34.2 billion loaned out in total, 780 million defaulted on (including Solyndra) but had received 810 million in interest. So the program was running in the black. As far as a program designed to push R&D research, I'd think that's pretty good. Usually R&D is a money pit until one of the brilliant ideas or technologies gets out of there and makes it to a commercially viable success. Especially in terms of clean energy, there will absolutely be losses and the need for "subsidies" (no matter how one defines the word) because it's an industry in infancy which nearly always means losses. But if money wasn't funneled in there, the technology would never advance. On the other hand, if we keep just relying on fossil fuels, we know that we're trusting a finite resource. No matter when we hit peak oil, we WILL hit peak oil at some point. My thought it is that I'd like us as a species to get ahead of that, convert to clean (renewable) energy and then hold onto fossil fuels as a backup. [/QUOTE]
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