Wind Power Subsidy Cuts Kill Thousands of Green Jobs: Siemens Sacks 6,000 Workers

Delightful news!

STOP THESE THINGS

The wind industry is little more than the most recent and elaborate effort to fleece gullible investors, in a list that dates back to “corporate investment classics”, like the South-Sea Bubble and Dutch tulip mania.

In the wind industry, the scam is all about pitching bogus projected returns (based on overblown wind “forecasts”) (see our posts here and here and here and here); claiming that wind turbines will run for 25 years, without the need for so much as an oil change (see our posts here and here and here); and telling investors that massive government mandated subsidy schemes will outlast religion (see our posts here and here and here).

Now that the subsidies are drying up across Europe, solar panel and wind turbine makers are feeling the pinch, with tens of thousands of those groovy ‘green’ jobs already gone, or about to face the axe.

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