Whoops!

On Friday Hot Air reported that the auction for leases for the development of wind and solar farms in the western United States did not go as planned.

The article reports:

The nation’s first federally run auction for a chance to develop solar power projects on public lands was a bust.

No bidders showed up for the auction by the federal Bureau of Land Management, which was held Thursday in Lakewood.

“We did not have any bidders come to the sale and we did not receive any sealed bids on the sale,” BLM spokeswoman Vanessa Lacayo said. …

“The BLM had received interest in developing the sites, that’s why we moved forward,” she said. “It’s hard to say why we didn’t have any bidders.” …

“We will evaluate today’s auction as we look at future opportunities to offer lands in Solar Energy Zones for development, both in Colorado and other Western states,” the statement said.

Maybe there were no bidders because at the present time the technology for both wind and solar has not proven to be economically profitable. The sad part of this is that at the same time the government is holding these auctions with no takers they are blocking oil leases on government land. The oil boom in the west is almost entirely on private land–the government is not allowing the leases on government land. So what we have is the government selling leases of questionable value on government land while blocking the leases that might actually help the economy and lower unemployment. In what universe does that make sense?

Enhanced by Zemanta