The Administration is conducting a back-door stimulus and an interventionist industrial policy. It’s financing this with off-federal-balance-sheet-financing, in lieu of funds appropriated by Congress.
Post Tagged with: "climategate"
February 20, 2012 04:30
Not Even China Can Save the Wind Industry
With the financial crunch and countries being more fiscally responsible, wind and other high-cost, low-reliability forms of energy production are on the rocks. It is hard to see how wind generation will continue to grow rapidly without lavish financial incentives from governments.
February 15, 2012 06:06
Obama’s Knack for Picking Losers
Obama is spending immense sums for subsidies to particular industries and technologies, almost $40 billion for clean-energy programs alone … Meanwhile, the administration blocks shovel-ready private investment such as the Keystone XL pipeline from Canada to the Gulf Coast, which would create thousands of American jobs, increase energy security, and even improve the environment. – WSJ
February 14, 2012 15:17
Obama Includes $27.2 Billion Campaign Slush Fund in Budget
The new Obama “budget” adds billions more to the billions of taxpayer dollars poured into failed green energy companies and programs most of which went to companies with Obama campaign connections.
February 14, 2012 14:27
Glaciers Melting Slower Than Thought
The substantial overestimation of glacial ice loss in previous reports serves as a reminder that surface temperature measurements reported from various locations and then extrapolated on a worldwide basis conflict with uniform global temperature readings measured by instruments on NASA satellites.
February 9, 2012 04:15
Little Green Morons
After three years of the most astonishingly stupid and wasteful green energy policies inflicted on Americans, it is hard keeping score of the various beneficiaries of government largess that are going bankrupt. The most famous at this point is Solyndra that went belly up taking a half billion in loan guarantees—taxpayer funded—with it. Beacon Power, a green energy storage plant, filed for bankruptcy last fall took with it $43 million of more Department of Energy loan guarantees. Ener1, touted during a visit by Vice President Joe Biden—who inadvertently called it “Enron1”—filed for Chapter 11 bankruptcy. The electric car battery maker had received a $118 million grant from the Obama administration.
February 8, 2012 06:17
Record Cold in Germany Freezes Rivers
Freezing weather is continuing across Europe. In Germany, the cold is so severe that many rivers and canals have frozen solid. BBC’s Steve Evans reports from Berlin. – Video
February 3, 2012 12:13
EPA’s political “science” for political agenda
EPA’s real goal is to assert its authority over ever-increasing segments of our economy; reinterpret medical and scientific studies to fit its regulatory agenda; and replace as many coal-fired power plants as possible with costly, unreliable renewable energy systems.
February 3, 2012 10:21
GOP Governors Want Taxpayer Funded Wind Subsidies
[T]hey use VHS-style thinking that wastes taxpayer dollars and destroys economic value. The letter urges that “The wind energy sector is an American success story that is helping us build our manufacturing base, create jobs, lower energy costs and strengthen our energy security.”
February 3, 2012 09:02
The United Nations Wants To Crash The World Economy In Order To Save The Environment
If the United Nations actually succeeded in implementing this agenda worldwide, it would crash the global economy and it would be the end of national sovereignty. Unfortunately, many of those that are promoting this agenda are absolute fanatics about it because they are convinced that they are saving the planet.
