A town's windmill project in Port Angeles, Washington (near Seattle) is said to have cost $100,000, but yields a grand total of $42/month (about $500/year) in electricity, an ROI of about 0.5%. Typical corporate ROI requirements are 15-25%. Suffice it to say that this "environmentally sound" installation will result in far more carbon emissions than it will save, something they might have figured out if they'd looked at a weather report to find that average wind in the area is only about 5mph.
That degree of due diligence, however, appears to be too much for them, and each of the city's residents will be out a Starbucks latte as a result.
Jim's Investing Continuum - Let’s Be Honest: Are You an Investor or a Speculator? Excerpt: With the stock market seemingly setting all-time highs every day even as bond prices cr...
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