How much electricity may produce a $1 Billion Solar Plant backed by the Obama Energy Department?

Those schemes are not really new. When I was a young man – a couple of decades ago – I read about one such project in Spain and it just looked great to me. Free power. Needless to say that at the time I was young and undisturbed by such trivial things as cost and productivity. It all made instant sense to me. Today, much older with plenty of scars on my back from past mistakes, I know that any venture that cannot carry itself financially needs an outside source of cash or dies. That mechanism, death by lack of cash, is a good thing as it cleans that plate and allows mistakes to get corrected. End subsidies.

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