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Did yeah CN NCA is -- very good I'm wiping -- again yeah.
And -- it was last night you -- we we're we were talking about higher grade interviewed.
I mean it's it's been an -- how does that question.
-- well how many followers do you have now I don't like to make that.
Damaged public -- -- -- he in the thank you led.
Maybe I have 2000.
-- Aren't that that.
For a yeah.
This is this is not Rick Sanchez from CNN with 53000.
Whenever sorry but we're getting there at the let you know open later in the afternoon were actually.
It -- co-founder of Twitter Jack Dorsey and before that.
The CEO and chairman of Google Eric Schmidt you know yesterday we had Carol -- -- she had some feisty fighting words.
About hooking up with anybody should -- what does it have to be Yahoo! and somebody.
And of course you know Microsoft's bing is is getting a teeny bit of traction.
So this'll be very interesting conversation to be able to have Eric Schmidt of Google Wave and all of this having I want to win you -- -- -- -- three but.
It's a -- pretty fascinating opportunity to hear from him but for the moment I want to talk about solar because as you look at oil right now around 69 dollars a barrel and remember what we were at July of last year a 147.
Dollars a barrel well that's -- solar companies were taking off.
And then everything dropped because of course oil dropped as well we went down close to bottom forty dollars about fifty dollars a barrel set.
A lot of companies have trouble surviving but not so with a company called right source my -- today -- that company he is the CEO breaks are -- want to welcome John Bullard thank you for coming on.
Thank you were on the web show right now so.
We get to be a little looser fast and furious here and a look at just throw this to you.
Oil drops in price do you cringe at that don't you want higher oil prices to make your business more viable.
Not at all oil is completely decouple from electricity -- oil affects transportation and transportation -- that natural gas.
Tends to drive the cost electricity and natural gas.
Dropped somewhat over the last year but not at night and you and -- precipitously as well while going from seven dollars per million British thermal units down to about four and change I would say that's a precipitous.
Move to the downside for natural gas to it was a significant move announced -- back to apps but we look at natural gas a lot more.
That's about -- -- -- you know your utility scale solar thermal company.
Where he captured the sun's rays direct them right on to water towers which then boil the water turns into steam and propels what.
But it does seem that generates take turns a -- the same type -- -- that you find its title fossil plant generates electricity.
And -- -- -- -- -- delivered to Madrid and that it does not just an idea company they have big contracts with two companies socal Edison and Pacific gas and electric correct right we've signed thirteen hundred megawatts with PG me how many how many homes without power.
That would power roughly 60700000.
At what about so callous.
Socal Edison is roughly the same size -- one point three Nicholas Jennings.
20% of the utilities output have to be renewable correct yes that's that must be at least a nice buffer for your company.
It is I think that's why utilities and people are very focused California said it very clear -- 20% renewable -- twenty.
2010 and utilities are marching very very aggressively to get back on topic what's next for him.
Will now we're all about we've we've we've built our first plant -- in Israel -- actually we're now gonna start constructing our first plants the United States in the construction.
Is a very very important execution -- for the company that's going to be what we have now that will generate power for the State of Israel the country.
Our entire country now and it is -- we got a -- -- actually demonstrating the technology.
That's now been verified by external engineers and external and now that allows us to move forward and constructing plants here.
Let's talk about the Obama.
That doesn't necessarily jibe with us with a utility scale solar company but.
Do you look at this is all good or not enough.
Now I think the administration and the house and senate did a very good job reacting to what happened what what was needed to get done in renewables we had credit markets that were functioning very well.
In a chance to DOE loan guarantee program.
We had another component of finance from -- -- tax equity.
That market was challenged -- -- -- -- came in with a grant provision took to backstop that so that the administration spot really carefully through.
How the transitions across a very tough one or two years in the economy and make it back to where markets function you and I are both.
Berkeley graduates they just asked you to come back and give the commencement speech at the hostile business congratulations.
And thank you -- those very funded it and -- Colin McConnell he's.
Is a success story at Berkeley and we'll be watching the business world to see how -- success continues John Bullard a bright source good luck to you think.
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