Monday, March 12, 2012

Energy - #3724 - Department of Energy Awards Phillips $10 Million for Creating a $50.00 'Green" Light Bulb - Hot Air - Fox



Department of Energy Awards Phillips $10 Million for Creating a $50 "Green" Light Bulb - Hot Air -  (1) Department of Energy competition: $10 million - Philips “affordable” “green” light bulb: $50 -(2)  The opportunity to expose the DOE’s inefficiency yet again: Priceless. The lights are on, but nobody is home at the Department of Energy, which recently awarded Philips $10 million as a part of a competition to spur companies to create an affordable “green” light bulb. Philips’ award-winning light bulb costs consumers $50. So affordable........ As this story illustrates, though, the DOE still finds plenty of creative ways to interfere in the marketplace. Under the guise of a “competition,” the Energy Department has effectively subsidized the creation of this undesirably expensive light bulb and wasted taxpayer dollars in the process. As Texas Republican Rep. Michael Burgess says in the video, “It just underscores the difficulty that we have in getting any kind of efficiency out of the Department of Energy, let alone energy efficiency.” Well said, sir. Apparently, Philips offers a rebate for purchasers of the light bulb. Is the rebate for $49.21? Because incandescent bulbs are about $0.79 a bulb. These “green” bulbs better last about 63 times longer than incandescent bulbs to make their purchase “affordable.”

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