Another $28 million down the drain. [New York Times]
I foresee abject failure. The $4M per contractor will fund only about 20 man-years of effort. Of the 7 ‘projects’ involved, the work of 4 will be discarded (wasting $16 off the top). The other 3 will be the ones that can be ‘sold’ to technically naive bureaucrats and politicians, and not necessarily the most feasible or cost-effective plans.
At the end of the money all we will have is *3 plans* that (1) underestimate the cost by a factor of no less than 2, (2) overestimate the benefits by a factor of at least 2, and (3) overlook the kind of serious (maybe even deal-breaking) technical issues that can ONLY be identified through experience.
This $28M will not put a single deep-water wind-powered generating unit online.
Fill in your details below or click an icon to log in:
You are commenting using your WordPress.com account. ( Log Out / Change )
You are commenting using your Twitter account. ( Log Out / Change )
You are commenting using your Facebook account. ( Log Out / Change )
You are commenting using your Google+ account. ( Log Out / Change )
Connecting to %s
Notify me of new comments via email.
Notify me of new posts via email.
Enter your email address to follow this blog and receive notifications of new posts by email.
Get every new post delivered to your Inbox.
Join 10,571 other followers