fiftyville— GREAT question– but you are asking it in the wrong place—-this blog LOVES big oil!!!!

Small picture problem #1: Hydrogen is the lightest element, it is extremely reactive and corrosive, very hard to safely compress and contain, VERY explosive. The sun, for example, is a hydrogen fusion furnace. You do NOT want to be in a freeway accident in a hydrogen vehicle.Really.

Big picture problem #2: These grants for the development of hydrogen vehicles speak more to an atavistic, deep seated longing to keep the ‘happy motoring culture’ (Thanks to J.H.Kunstler) alive. We are living in ‘dream time’: enormously fat people waddle out to their white escalade and glide on over to the mall, or knotts berry farm, where they buy good tasting garbage food with plastic money earned by ‘working’ sitting on their ass…..Humanity has never had it so good. This dream time is rapidly ending and it is really freaking us out subconciously. Peak oil was in 2005, shale notwithstanding, and it really is going to be back to the farm for most of us. Think dirt, pigs, corn, cows. Lots and lots of all day physical work. Horses. Waddlers will probably die if they cannot adapt.

Do you ever use your own brain to post your own thoughts? Nope, just “copy and paste”.

Since mid-2010, the DOE has made conditional commitments for 18 loan guarantees in solar to 14 different companies, funding for projects and funding for manufacturing. The total sum of these conditional commitments is $15.585 billion. Solyndra’s loan guarantee was $535 million — or 3.4 percent of the DOE’s solar portfolio.

That number warrants repeating: 3.4 percent.

And Solyndra’s $535 million is less than 2 percent of the total loan guarantee program.

The next time the argument is made that Solyndra’s ill-judged loan guarantee guts the DOE and our government — feel free to fire back with this figure. Or compare that number to the amount that China is pouring into its solar and renewable energy industry.

It’s a portfolio approach from the DOE — and that’s a sound way of doing business which accounts for some failures.

The DOE loan guarantees go to risky endeavors such as Solyndra or SoloPower. But they also go to less risky utility-scale solar projects using solar technologies ranging from low-cost and proven photovoltaic panels to solar thermal.

Kann observed, “The Loan Guarantee program has been crucial both in enabling the largest solar projects currently in development and in supporting domestic solar manufacturing. Beyond this, the program is a particularly effective policy tool because it enables the government to leverage a relatively small public investment to mobilize a much larger private sector commitment. An expansion of the program would enable an entire group of large solar projects to move forward that have recently been called into question without the possibility of a loan guarantee.”

Despite the assault of free-market, smaller-government advocates, the question remains: absent subsidies and lower-cost capital sources, how do you kick start an emerging industry like solar or biofuels that is confronted by the decidedly non-free-market incumbents of coal, oil and gas? We can either remove oil and gas subsidies or give these emerging technologies a helping hand.