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Tuesday, June 12, 2012

Vestas stock drops to $5

In 2008, it was trading at $117. That's a 96% loss. Portland sure knows how to pick 'em.

Comments (14)

It'll be a "penny stock" by year end.

"Portland sure knows how to pick 'em." Ouch. Not on the day Kevin Durant plays his first game in the NBA Finals.

What gets me is when you see these pictures of birds sliced apart by these wind turbines, and the self-anointed environmental politicians are like, "Screw 'em."

Here's a disturbing sentence from an article about wind power: "California supports roughly 2,500 golden eagles. The state's largest wind farms kill, on average, more than 80 eagles per year."

Portlandia's slogan: "Put a bird on it." Portland's new slogan: "Put a blade through it."

It looks like the sustainable, green energy scams are just a replacement for the losses in the condo market. I wouldn't be surprised if this was driven by some local developer wanting to make a deal for a building, and that would mean any long term damage to the city of Portland was secondary to the almighty project. So this was a shining victory for Sam and it's on to the next scheme.

Meanwhile the developer heads to the bank, but at least, we get to watch some cool videos on YouTube:


I wonder if $35 per resident would improve the situation for this latest "progressive" Portland embarrassment?

Grumpy, are you suggesting "Put a bird on it" becomes "Put a thirty$five on it"?

Nothing that some trade sanctions against China, a new non-stop flight from PDX to somewhere, some high speed rail and a light rail line, a new bike sharing program, and another ship terminal can't fix...right? Right?

Oh, we need another Farmer's Market. Let's stick it...I hear Lownsdale Square is now available for farmers markets. That'll help Vestas.

Not only do the turbines kill a lot of raptors, they also kill thousands of insectivorous and frugivorous bats - but not by blade strikes: the spinning blades create pockets of low air pressure, and when they fly into the zone, their lungs explode. Hypobaric. Nice.

In Oregon, it's especially cool, as the wind farmers seem to have taken lessons on subsidies from the big farmers who are paid not to grow crops: when the winds are blowing and the water's flowing, the grid can't handle the load - so BPA has to shut down the cuisinarts and pay them for not producing power.

"Green". "Sustainable". Right.

Another example of why people like Paul Krugman (hardcore Keynesians) are SO WRONG about how to run an economy.

They talk about austerity in Europe, but the truth is Europe is taking on more and more debt even today.

In the good ole USA, we are piling up debt at a rate that will likely never be repaid. And yes, since we have been living off of debt for 30+ years, true austerity would be the end of the economy too.

Until we starting funding our economy with debt-free currency (KICK OUT the private bankers), one way or the other we are headed over the cliff.

Vestas is just an early example of the sh!!!t hitting the big giant, bird-killing fan.

Wind turbines: Flipping the bird to all of us.

Put a bird IN it.

I thought you weren't supposed to buy shares of stock, you're supposed to buy the electricity. Got any?
Light 'em if you got light.

2nd pt: I'm skeptical of and doubting birdkill reports ... as if the spinning wind vanes is a wildlife vegematic.
I'd like to see this test results: put surveillance web-cams on a bunch of wind towers, looking down at the ground area, so an image analysis web-bot could count the new carcasses in view every 24hrs or something.

But too, I advocate putting all the intersections' red light cameras on the internet, web-cams, and I'm a proponent of linking ALL the satellite surveillance imaging LIVE on the internet. I watch the EarthTV channel on Dish cable. (I asked Dish Headquarters if that channel was streamed on the net and HQ said no, it wouldn't be steamed until they figure out a way to capitalize it.) Such ideas show how far I'm outside the box.

For instance lately I'm all up on BitCoin electronic money. e-dollars? A buyer and seller make (mint, strike, fabricate, create out of thin air) bitcoins (units of currency) -- spendable, accruable, transferable. I'm considering 'moving my money' from Fed.Rsrv. 'Notes' into not-privately-owned bitcoinage, to pay my rent and buy groceries and etc. with.

Of course, I need to have an electricity source (to power my internet connection) in order to make and have e-dollars to spend. (Current for currency.)
... has anyone else noticed how frequently smartphones have to be recharged ...?

SPLAT a bird on it.

I'm clearly against the subsidies that wind generators and other green projects seem to target, but I wouldn't use wildlife kill as a reason to stop wind generators. They just don't spin fast enough to be a big threat.

More flying wildlife gets killed by them striking windows of homes and buildings.

Instead focus on the financial folly that they are!

New energy sources get a bad rap for being not so cost effective. Being a slave to big oil is so much less effective I'm willing to take the loss for a few years. I'm just a huge fan of tech progress even if it doesn't exactly pan out the way the promoters predict (does it ever happen the way the promoters predict?)

Another question. Is there ANY energy producer that isn't on the public dime? Oil, Gas, Coal, Wind, Hydro, Cow Farts?

Spanish company stops wind-turbine project

Gamesa Inc. has canceled a controversial wind-power project it planned to build on Shaffer Mountain in a major flyway for migrating hawks, eagles and bats along the border of Somerset and Bedford counties.

The Spanish company, which operates wind-turbine production facilities in Pennsylvania, announced it would abandon the project because of uncertain federal wind-power production subsidy policy and concerns the turbines could harm the endangered Indiana bat.

"I'm really happy. It took five-and-a-half years, a lot of time and effort was spent opposing this project, and I'm glad it's over for now," said John Buchan, an attorney and leader of local opposition to the project.

Mr. Buchan said the project's potential impacts on the migratory bird corridor and Piney Run and Clear Shade Creek, two of the state's 28 "exceptional value" trout streams, played roles in the opposition but the bat isue was key.

"Indiana bats are endangered, and combined with the white nose syndrome epidemic that's wiping out whole populations of bats in the state, that got the Fish and Wildlife Service's attention."

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