Seeking Alpha

CT Programmer » Comments » CSIQ

  • As Solar Plummets, Stocks Drop Below Book Value [View article]
    Obama was just on 60 minutes, and he said something that I think he just might be able to pull off. He said that the US has a history of dependence on oil --- much like narcotics (his words) --- where we're all screaming about it when the price gets high, but then the price comes down and we get adjusted to the new lower price (which is actually higher than before). He said now is the best time to break that addiction. I'm no starry-eyed supporter or any politician, but his frankness and directness about the subject was refreshing, and I think that this country will finally have a REAL energy policy put in place soon, and that will include cutbacks in imported oil and increased incentives for solar, wind and NG.

    And in reference to the last comment about states laying off people, he (or she) doesn't realize that most states have already put into place mandated increases in the percentage of "alternative" energy sources that utilities must use. It has nothing to do with the state --- its all on the utility companies to do it. That is the bulk of this stuff --- not private individuals and subsidies. Just like WPSPIKER said the subsidies, while they are there, are currently not enough to push the average Joe to invest in panels for his roof. I've looked into it and even with big incentives from CT that nearly pay half of the system, its still 15 years to break-even.
    Nov 17 09:42 am |Rating: 0 0 |Link to Comment
More on CSIQ by CT Programmer
CT Programmer's
Comments Stats
112 comments
Rating: 5 (14 - 9 )