CT Programmer

Major Corporate Shift to Solar Energy and LEDs

I hear you jajagabor. I never said I liked nuclear... just that it was likely to be in the future mix. People forget 3-mile Island very quickly. Chernobyl too (hope I spelled that right). You have an oil spill, even the size of the Exxon Valdez, and within half a decade everything is cleaned up. Nuclear accidents aren't so forgiving. Chernobyl is still no man's land decades later.

Major Corporate Shift to Solar Energy and LEDs

Sorry to burst your bubble "petyaczar", but even if you uploaded images of your "degrees", you are obviously not the definitive end of all scientific argument. I don't see hordes of scientists storming Washington with picket signs exclaiming "Global Warming is a Myth!" I don't see 60 Minutes exposing the "global warming fraud that has been perpetrated on America". It is amazing how in the face of overwhelming evidence, someone can actually claim that their minority scientific opinion is fact. You are not in the scientific majority. Your political leanings ("ALGORE") have obviously skewed what should be objectivity into a twisted diatribe. Tipper Gore? T Boone Pickens? How are any of these "scientific"?!? You are right that it is up to the proponents to prove their assertion, and they have. National Geographic. Scientific American. Popular Science. All reputable sources, and all have run multiple stories on global warming and its effects. We're not talking Dateline here. There is such overwhelming proof now that the U.S. government and governments all over the world are acknowledging the problem. My God. Even George W. has all but come out and acknowledged global warming, and that it is exacerbated by man. Are you saying that everyone else is wrong and you are right?!? Maybe you're just waiting for Rush Limbaugh before you throw in the towel.


Regarding all the comments on solar... yes, it is an exciting technology with great potential. So are a lot of things. Look at the energy landscape right now. You have oil, coal, gas, geothermal, wind, the list goes on. If we have all these technologies in place currently, why would we abandon all of them for a single technology? We won't. The future, both near and far, will be a combination of technologies, just as it is today. Hydrogen, solar, wind, sea waves, atomic, who knows what else lays ahead. But as "promising" as solar is, that does not mean that today's solar companies are a good value. First Solar is currently a PE of 143! Think about that. For them to come down to an average PE of 15, they would have to multiply their earnings by nearly 10 times. 10 times!!! And who's to say that in that time 100 other solar manufacturers won't spring up? Think about the PC field. Yes, there was a PC boom, and those first companies that really pushed it mainstream made a lot of bucks. But then came the commoditization of PC's, with a ton of PC manufacturers and declining margins. Solar is beyond that initial first stages of the boom. The technology is already there. It's just being made cheaper. You have companies in China like Trina Solar that used to do aluminum siding now in the solar business. As the technology becomes cheaper, more will flood the market. While that's great for you and me wanting to put solar panels on our roofs, its not really so great for the guy that bought the solar stocks at a PE of 143!


And "Solar Pays"... do you seriously believe all that garbage that Kiyosaki spews out? He is the biggest charlatan around. Rich dad, poor dad, my butt. "Pay cash for depreciating assets"? I guess that means if I want a solar system, which will depreciate in value over time, that I should pay cash and not finance? That kind of simplistic advice is hogwash. The guy's entire resume is made up. A good resource for info on Kiyosaki and his bull is at www.johntreed.com/Kiyo....