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On December 18, 2007, General Electric got a huge boost to its bottom line when the Senate voted t o essentially ban incandescent light bulbs.
So where are the green weenie environmentalist whacko anti-corporatist "no corporate welfare" types now?
You see, not only did GE's stock jump, but GE will now have a great reason to lay off a ton of workers. You see, GE manufacturers all of its incandescent bulbs in the United States-- where costs are higher and environmental regulations are very strict.
But it manufactures its CFLS (and other fancy technology bulbs) in China, where manufacturing costs are a fraction of the US, and environmental regulations are, well... you know. They just don't have them. (Trust me, been to Shenzhen 4 times and Hong Kong 5. Its bad. Really bad.)
Chinese factories are dirtier, more polluting, and make no effort to be environmentally respectful, much less friendly. China still uses lead in their gasoline. And they could tell you what a CO2 scrubber was if it was sitting in front of you. Oh, and forget energy efficiency.
So what will be the net gain from the switch to CFLs (which also contain a small amount of mercury, and as a result, cannot just be thrown out with the trash)?
I'm thinking a net negative.