Hahahaha!!!..... Tommy Tainant strikes again...
From the linked article (obviously he only saw the headline)
SunTech would file for bankruptcy protection when it couldn’t repay a $541m loan that fell due in March 2013
With razor-thin margins and cut-throat competition, everyone is always one step away from falling.
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Suntech was removed from the stock market for failing to meet minimum value... the stock price today is...wait for it... $.04 a share
Suntech CEO was removed for fraud involving $560m in fake currencies.
HAHAHAHAAA - yeah....insanely cheap is right!!
Cheaper than the current fossil fuel industry that gets $500 Billion in government subsidies world wide.
Nobody in the corporate world is currently planning for, or investing in fossil fuels for future energy needs.
Nobody.
Major corporations, including the entire auto industry worldwide, are moving to 100% renewable, and battery powered energy plants.
Only losers, and those left behind will still be sucking on oil pipes and snorting coal for any reason.
China might be building coal plants in certain areas because of their giant population need, but they are the leader in renewable energy innovation and production, and are moving in that direction also.
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