Retraction and Apology On March 12, 2012, American Thinker ran as a blog an article entitled, "$50 Light Bulb That Replaces A 25¢ Bulb Got A $10 Million Government 'Prize'," about the "L" Prize and the winner, Philips Lighting North America. I offered a spreadsheet based upon analysis offered by eartheasy.com. In the, "KWh of electricity used over 50,000 hours" row I offered a ratio of values rather than actual KWh provided by EarthEasy. In doing so, I made two mistakes.  First, I mixed units of measure by calculating the ratios.  Second, I chose ratio values that greatly understated the total cost of the incandescent light bulb vis a vis the LED and CFL bulbs.  The values I chose provided the outcome I sought.  So the breakeven point for the LED bulb is actually 1.8 years, not 22.4 years.  The breakeven point for the CFL bulb is actually 1.6 years, not 9 years. The irony of all of this is that I broke the first two "rules" that I emphasized to my...(Read Full Post)