Breitling Oil and Gas Texas and California Morning Podcast #354

Obama wants to model a green energy program after Germany?  Well lets take a closer look.  Although blades on the 150-meter wind turbines at the new German offshore power plant nine miles off the coast in the North Sea are finally turning, there is one big problem. They are doing so only because they are being powered by onshore fossil-fueled generators to prevent the rotors from corroding in salty air. And why might that be? Well although they otherwise function perfectly, the underfinanced grid operator hasn’t yet connected a power line because of problems attracting investor financing. Prospective investors attribute their reluctance to a lack of market confidence.

Great plan!  Looks like the market has collapsed before it even got started.

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