Not a single one of these much-ballyhooed initiatives is producing or saving a drop or a watt or a whiff of energy, but they have managed to burn through far more more taxpayer money than the ill-fated Solyndra. An Energy Department report in 2008 estimated that the federal government had spent $172 billion since 1961 on basic research and the development of advanced energy technologies.Rent-seeking gone wild.
What does Washington have to show for these investments? And should the government even be in the business of promoting particular energy technologies?
Sunday, November 13, 2011
Before Solyndra, a long history of failed government energy projects
The Washington Post reports: