Buy provera without prescription, Commercial wave power soon may be coming to the Oregon coast. Cost of provera, Last month, a New Jersey-based company, cheap provera no prescription, Compare provera prices, Ocean Power Technologies Inc., received the first federal permit to develop a 30-acre wave energy park near Reedsport, order provera without prescription. Provera information, If successful, the facility would generate 1.5 megawatts of electricity from 10 buoys, provera us, Cheap provera pill, enough to power 1,000 average homes, find provera on internet. Provera, While this sounds like a breakthrough for green energy, in fact it is just another example of Crony Capitalism, approved provera pharmacy. Discount provera without prescription, Ocean Power Technologies already has received grants of $4.4 million from the federal government and $420,000 from the Pacific NW Generating Cooperative, provera overnight shipping, Buy provera in us, a $900,000 tax credit from the state of Oregon, buy provera generic, Buy provera, and more than $430,000 from the Oregon Wave Energy Trust, provera buy. Thus, each of the 1,000 homes receiving “wave power” will be subsidized by roughly $6,150, buy provera without prescription. Provera us, That scenario assumes that the project ever produces electricity at all. The same company previously built the nation’s first wave energy generator off Hawaii, buy cheap provera online, Buy provera low price, and it was decommissioned by the Navy after only two years of operation. Thus, provera malaysia, there is a good chance that the Oregon project will never become commercially viable, and the taxpayer money will disappear.
This is the problem when politicians try to pick winners and losers in the economy. Nobody can predict the future, so most of the time they are wrong.
Wave energy yet may prove to be a great source of renewable energy, but choosing the right technology should be left to the private sector, where investors voluntarily bear all the risks as well as the rewards.
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I live in Reedsport and while this has been touted I doubt that anyone has ever read a 10-K on Ocean Power Technologies. The stock currently sells for around $2.50 a share with a earnings per share of $-1.47. They have never made any money!
Always ask “At what cost?” and you will know whether it is viable or not. $6,150,000 is a tremendous cost when you consider the renewable energy project Oregon has had since around 1937 — Bonneville Dam. And this one might last 2 years if lucky. How much to uninstall it I wonder?
Of course, this is a test of a prototype. The whole point is not to generate copious amounts of power, but to understand if the buoy is workable. If it can eventually eliminate some of the huge environmental damage done by fossil fuel energy, especially coal (which creates more damage than value-added), it will be money well spent.
Muller, Nicholas Z., Robert Mendelsohn, and William Nordhaus. 2011. “Environmental Accounting for Pollution in the United States Economy.” American Economic Review, 101(5): 1649–75.
http://www.aeaweb.org/articles.php?doi=10.1257/aer.101.5.1649
And don’t think this is only a Democrat Party boondoggle. I’d be willing to bet that a Romney administration, if elected, would not even attempt to kill this project, or ones like it.
In fact, i’d make a separate bet that either a Romney or an Obama administration will come up with even more such projects in the next administration.
Both the R’s and D’s are hopelessly big government, crony capitalists.
Of course, it’s not like there’s crony capitalism anywhere else in the energy sector….
PS: Can we ever get the minutes from Cheney’s Energy Task Force?
30 acres for ten buoys seems a bit much. I would think something like a float—-similar to a carburetor float or a pump switch—would take up a lot less space and still would capture energy w/o dissipating it. Ocean waves are powerful.
Mr. Charles is mistaken when he says OPT’s buoys would produce 1.5 MW of electricity. This is the theoretical maximum, not produced energy. OPT’s estimates are 4,140 MWh in 12 months, enough maybe for 350 average homes. And even this is deceptive since the kinetic energy available from waves is seasonal. Projected energy production is something live five times greater in winter than in summer. And in the winter the buoy’s sensors shut off generation when wave heights exceed, I believe, 23 feet. Wave energy is touted as replacing fossil fuel plants, but fossil fuel plants produce a constant amount that is adjustable to demand. Wave energy fluctuates with time and is subject to unexpected interruptions. Those who imagine this as a reliable source of constant power are in for a surprise.