Greenstone Girl: Wall St Financial Crisis

Thursday, October 23, 2008

Wall St Financial Crisis

Try this Cartoon from Live Leak re the Financial Crisis. Puts a humourous twist on the problem

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Greenstone Girl

Bloomberg- Solar Panels Silicon Oversupply

"Polysilicon has plunged 93 percent to $33 a kilogram from $475 three years ago as the top five producers more than doubled output, data compiled by Bloomberg shows. The industry next year will produce 28 percent more of the raw material than will be consumed, up from 20 percent this year, said Robert Schramm- Fuchs and Shai Hill, analysts at Macquarie Group Ltd."

Does this mean our solar panel prices will continue to go down, in spite of reducing subsidies? Perhaps after the next year we may have an industry that is mature enough (with Carbon Tax) to operate without any help.

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Thursday, October 23, 2008

Wall St Financial Crisis

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