DOE to Spend $27 Million on ‘Sun Shot’

February 15th, 2011

‘Sun Shot’, eh?

Ok, let’s look at what was spent on the Apollo program:

The final cost of project Apollo was reported to Congress as $25.4 billion in 1973.

$25.4 billion in 1973 dollars would equal $123 billion in 2009 dollars (source).

So, by allocating $27 million of today’s dollars to this ‘Sun Shot’ project, the reality is that it’s only about one tenth of one percent of what was spent on the Apollo program.

This energy shakedown remains the biggest scam of them all… Maybe tied for first with fiat currencies.

Via: Reuters:

The U.S. Department of Energy said on Friday it will spend $27 million on a new effort to reduce the costs of solar power by 75 percent by the end of the decade in a bid to make the renewable power source as cheap as fossil fuels.

Energy Secretary Steven Chu dubbed the program a “sun shot” that was patterned on President John F. Kennedy’s “moon shot” goal in the 1960s that called for the United States to land a man on the moon.

Chu said cutting the cost of installed solar power by 75 percent would put the price at about $1 per watt, he said, or about 6 cents per kilowatt hour.

“That would make solar energy cost-competitive with other forms of energy without subsidies of any kind,” he told a conference call.


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