Tag Archives: Green Energy

Health Impacted by Green Wind Turbines?

wind turbineTwo wind turbines towering located in the Cape Cod community of Falmouth, Massachusetts were intended to produce green energy and savings but after less than two years it appears they may instead be creating health issues to neighbors causing the town to consider their removal.

In the haste to reduce carbon emissions of standard fossil fuel generators, cities and towns have been given incentives to install green alternative energy producers. Unfortunately, it appears there maybe be unintended consequences from some of these programs.

Observational and case studies appear to show a broad range of health problems associated with the wind turbines including headaches, migraines, sleep disturbance, negative effects on psychological well-being, among others. A Canadian study has been commissioned beginning this month, to review the health and stress disturbances of residents who live in the vicinity of wind turbines.

The residents of Falmouth probably wish they had waited until this study was complete before spending all the money to install the turbines and now possibly spend as much, if not more, to remove them.

 

Chicken wings for Superbowl more expensive due to government policy

Chicken wings get more expensive due to Obama policiesYou’re getting ready for Superbowl Sunday and head to the grocery store to get some chicken wings, a traditional football food, and see that prices are not what they used to be. It isn’t because of simple inflation, it’s because the White House pushed for policies that made chicken much more expensive for farmers to produce.

The National Chicken Council has announced that chicken meat prices are rising quickly due to Obama administration policies requiring up to 40% of the corn food supply to be turned into fuel for cars.

The White House pushed for E15, a gasoline mixture that requires much more corn-based ethanol in gasoline. Unfortunately, corn is also used to feed chickens. By creating competition between food producers and fuel refiners, the cost of corn has risen to a point that major chicken farmers could not afford to produce as many chickens. Supply-demand – same demand, decreased supply = chicken costs more.

What’s worse is that the new E15 fuel causes major issues with cars’ fuel systems. The increased ethanol turns into a system-fouling gelatinous mess. Fuel pumps, hoses and other components expand, gum up or otherwise become inoperable due to ethanol’s inherent instability. Enjoy that tow truck bill after sitting on the highway for hours…

Naive energy policies are not only causing Superbowl Sunday celebrations to cost much more than they should, but will likely cost many Americans to pay car repair bills they were not expecting.

 

Green Energy Equals American Decline

A Chinese auto company having just won the auction for bankrupt A123 Systems, one of Barack Obama’s car battery darlings that received a $249 million grant from the Obama government further illustrates why the White House playing capital investor with taxpayer funds investor is a very bad idea.

When Obama took office in January 2009, five million “green” jobs were promised, yet nowhere near that number have been created. The companies Obama invests in keep failing because Americans do not want to purchase inefficient energy at inflated prices.

Furthermore, eighty percent of the green loans, loan guarantees, and grants given out by Department of Energy went to Obama campaign backers:

•SunPower, after receiving $1.5 billion from DOE, is reorganizing, cutting jobs.

•First Solar, after receiving $1.46 billion from DOE, is reorganizing, cutting jobs.

•Solyndra, after receiving $535 million from DOE, filed for bankruptcy protection.

•Ener1, after receiving $118.5 million from DOE, filed for bankruptcy protection.

•Evergreen Solar, after receiving millions of dollars from the state of Massachusetts, filed for bankruptcy protection.

•SpectraWatt, backed by Intel and Goldman Sachs, filed for bankruptcy protection.

•Beacon Power, after receiving $43 million from DOE, filed for bankruptcy protection.

•Abound Solar, after receiving $400 million from DOE, filed for bankruptcy protection.

•Amonix, after receiving $5.9 million from DOE, filed for bankruptcy protection.

•Babcock & Brown (an Australian company), after receiving $178 million from DOE, filed for bankruptcy protection.

•Solar Trust for America, after receiving a $2.1-billion loan guarantee from DOE, filed for bankruptcy protection.

•Nevada Geothermal, after receiving $98.5 million from DOE, warns of potential defaults in new SEC filings.

Progressives continue to promote global warming, or to use the most recent and now more popular vernacular: climate change.  The narrative is that planet earth is experiencing a warming climate due primarily to the emission of man-made ”greenhouse gases”.  The most often and specifically referenced gas is carbon dioxide.

According to Matt Rosenberg at Atmosphere Composition, the earth’s atmosphere is composed primarily of Nitrogen and Oxygen. Together, the two comprise about 99% of the gas in the atmosphere. Here’s a listing of the key components of the atmosphere:

Nitrogen – 78.084%

Oxygen – 20.95%

Argon – 0.934%

Carbon Dioxide – 0.036%

Neon – 0.0018%

Helium – 0.0005%

Methane – 0.00017%

Hydrogen – 0.00005%

Nitrous Oxide – 0.00003%

Ozone – 0.000004%

In addition, water vapor is variable but typically makes up about 1-4% of the atmosphere.

Progressives would have the world’s population believe that fluctuations in a trace element of earth’s atmosphere (0.036%) caused by the burning of fossil fuels like petroleum and coal has resulted in such catastrophic events as the melting of earth’s polar ice caps and glaciers.  They contend this will lead to the flooding of coastal areas and the extinction of species.

A nation of over 300 million people, which currently derives less than 5 percent of its energy from “alternatives” cannot expect to put an immediate end to the use of fossil fuels.  This could quite possibly bring the nation’s ailing economy to a grinding halt, resulting in a massive loss of business, leading to a dramatic decrease in already insufficient tax revenue and an extremely painful increase in unemployment.

Is putting an end to the use of petroleum worth the accompanying reduction in the living standards and the overall prosperity of a nation?  Is it worth the resulting ballooning of America’s national debt and further devaluation of its currency?

“progressives” feel an ongoing, compulsive need to force America to accept their “green energy solution”. Proposals made by the current administration and fellow “progressives” indicate a desire to achieve this end at all costs come what may.  Stiffer regulations on auto emissions and mileage, EPA regulations on energy providers, resistance to development of domestic natural resources, deficit government spending on inefficient and uncompetitive solar, wind, tide and bio-fuel technology dominate the political landscape.

America’s public and industrial infrastructure is based on the use of petroleum, natural gas and coal.  Nearly everyone drives a vehicle that burns gasoline or diesel fuel. Public transportation relies on fossil fuels as well. Natural gas, heating oil and coal are used in furnaces to heat homes and places of business. Coal and nuclear power generate electricity, which powers countless devices; the uses of which are taken for granted every day. Coal, natural gas and petroleum products power American’s industrial complex, the base of the American economic engine. America’s economy depends heavily on the existing sources of power. These methods of providing and consuming energy are all deeply ingrained into America’s business, manufacturing and home life.

Why does America continue spending hundreds of billions of dollars on foreign energy while America has undeveloped energy? Why not keep those billions of dollars at home, in America’s cash starved economy?

At a time when millions of Americans are looking for work, the economy is starving for liquid capital, and the IRS is in desperate need of revenue why not take advantage of America’s wealth of natural resources? Why not give Americans jobs drilling for oil and natural gas or digging for coal? Why not put people to work building refineries and power plants? Why not give energy employees jobs delivering gas, coal and natural gas to consumers? How many peripheral jobs will be created in the process? For every new oil well, power plant, refinery or mine there will be new infrastructure built, followed by grocery stores, restaurants, shopping malls, housing, schools, and everything else everyday Americans need for their lives.

All generated by the only force capable of powering America’s economic recovery: the private sector.

And none of those jobs could possibly be moved overseas.

http://mjfellright.wordpress.com/2012/12/10/green-energy-equals-american-decline/

Watch Episode 1 for free

Another Obama Energy Dud

A123 Systems, a Massachusetts-based battery manufacturer, received $249 million from Barack Obama’s failed stimulus program.  At the time they received the money, A123 pledged that the nearly quarter-billion-dollar stimulus money would lead to the creation of thousands of new jobs.

Said company President David Vieau when the company opened a factory in Livonia, Mich., in 2010:

“Over the next several years, we expect to create thousands of jobs in Greater Detroit and plan to continue our expansion in the area as we do our part in helping the U.S. emerge as a global leader in the production of advanced lithium ion batteries.”

Like all stimulus recipients, reporting job creation statistics to Recovery.gov was required of A123 Systems.

Recent disclosures reveal only a few hundred positions were actually created before A123 Systems joined with $500 billion failure Solyndra to become part of the growing list of green energy companies which ended in bankruptcy after receiving federal stimulus funds.

The stimulus tracking database’ latest jobs report shows a mere seven positions were created by grant money from April 2012 to June 2012.  When all the reports are combined, since 2009, a grand total of 408 new positions have been created with the stimulus dollars.

That works out to more than $300,000 per job.

How many families suffering the effects of the $50 billion dollar blow delivered by “super storm” Sandy could use some of that money?

Solyndra alone wasted ten times the amount of the estimated repair costs.

Four million people are still without power.

Speaking of power, all the people who have been living without heat or lighting for the past few days have been given a preview of how everyone in the United States will live if Obama is reelected and continues his disastrous energy policies.

The choice could not be simpler.

Sentence America to a new dark age (literally) or elect a new President Romney, who will develop domestic energy.  Not only will the U.S. be freed from the hostile grip of OPEC, the jobs created by development of domestic American energy cannot possibly be shipped overseas.

http://mjfellright.wordpress.com/2012/10/31/another-obama-energy-dud/

Spain’s Present is Obama America’s Future

Although Spain is not as bad off as Greece, a look at Spain’s current economic reality reveals the future of America under four more years of Barrack Obama.

Despite European commitments to inject up to 100 billion euros into Spain’s faltering banking system, bank withdrawals have accelerated.  During July, doubts about Spain’s financial system caused Spaniards to withdraw a record $94 billion from their banks.   That amounts to 7 percent of Spain’s total domestic economic output.

Capital flight is beginning to include educated entrepreneurs who are fed up with scant job opportunities in a country with a 25 percent unemployment rate.  Statistics show that in a twelve month span 30,000 Spaniards have registered to work in Britain, an increase of 25 percent over 2011 levels.

Since taking office in 2009, Obama has aggressively promoted a “green energy” agenda modeled after the one pursued by Spain.  The assumption that pursuing the same agenda will bring about different results is based on no known empirical data.

If American voters are willing to accept 25 percent unemployment as the new normal and can live with a combination of major investment capital flight and disappearing employment opportunities, then Obama’s re-election is a foregone conclusion.

However, if Americans prefer to see a resurgence of American economic might through development of its domestic energy resources, and the millions of jobs that activity will create, then Obama’s days in the White House are numbered.

http://mjfellright.wordpress.com/2012/09/05/spains-present-is-obama-americas-future/

Harry Reid’s Hypocrisy




Will the Senator Harry Reid (D-NV) hypocrisy never end? Reid [and now Nancy Pelosi (D-CA)] have caused an MSM firestorm over Mitt Romney’s taxes. George Will, on ABC’s This Week said:

“Harry Reid’s source, if we are to assume that he has one, is identified by Harry Reid as an investor in Bain. That’s as though I owned some Microsoft, which I do, and I said, ‘Well, as an investor in Microsoft I now have an opinions on Bill Gates’ tax return.'”

Will said that it is absurd to trust a Bain investor as a reliable source on Mitt Romney’s tax situation.

But that is not the only hypocrisy that Reid has been up to, not by a long shot!

In December, 2010, it was revealed that Reid (and other Democrats) helped a Chinese company get $450 million of stimulus money to build and operate a wind farm in west Texas, and the farm’s electric turbines would be built in China. At that time, the wind farm project was to save or create 300 jobs in Texas, as well as 2000 manufacturing jobs in China. The Spinning Star wind farm consists of 300 2-megawatt wind turbines. Spinning Star is being built by a joint partnership between the US Renewable Energy Group, a Dallas investment firm with strong ties to the Democrat Party, and A-Power Energy Generation Systems, a Chinese supplier of wind turbines.

That was bad enough, but Reid’s reelection campaign received thousands of dollars in donations from the wind farm’s backers.

Not content to stir up tax trouble, Reid has recently done two other things. He has criticized Nevada Energy for not doing enough to support “green” energy, and he is helping out a Chinese solar firm, ENN Mojave Energy LLC, that is represented by his son, Rory Reid.

Reid said that the ENN Mojave Energy LLC, a billion dollar project planned for Laughlin, NV, “would start tomorrow if NV Energy would purchase the power,” but the company “has not been willing to work on this and that’s such a shame.” Reid also said, “NV Energy is a regulated monopoly. They control 95 percent of all the electricity that is produced in Nevada and they should go along with this.”

But there are two problems with what Reid says. NV Energy reported in April, 2012, that it had exceeded its state-imposed green-energy purchase requirement of 15 percent by purchasing 16.7 percent of its power from renewable sources. And the ENN Mojave Energy LLC project is hampered by a lack of green power customers.

Now we find that Rory Reid, son of Senator Harry Reid, is an attorney at Lionel, Sawyer & Collins, the law firm that is representing ENN Mojave Energy LLC. Coincidence? A Senator Reid spokeswoman said that he did not suggest Rory Reid’s firm to ENN. This is an undeniable conflict of interest for the senator. Using a standard that Reid has set in the US Senate, the burden of proof about the recommendation (or lack of it) is on Reid. Perhaps tax returns from Senator Reid and his son can shed some light on this situation.

But that’s just my opinion.

Please visit RWNO, my personal web site.

Can Obama Pick ’em, Or What?

Can President Barack Hussein “kill list” Obama pick winners, or what? But it really does not matter to him since he is using taxpayer money to invest in companies. There is a myriad of topics about which to write about his picking prowess, so I will limit myself, in the interest of the typical liberal reader attention span, to only two topics: the “green or renewable” energy boondoggle, and the “auto industry bailout” boondoggle, particularly General Motors (GM).

  • First, there is the green or renewable energy boondoggle. There are many paths we can take here. Can anyone say Solyndra? Or SunPower? Or Beacon Power? Or Ener1? Or Evergreen? Or SpectraWatt? Or Nevada Geothermal? Or Abound? Or …? Despite Media Matters‘ attempt to categorize them all as low risk loans, they ALL cost taxpayers quite a lot of money.But this statement, from Peter Schweizer in his book Throw Them All Out, pretty well says it all: More than 70 percent of DOE grants and loans under Obama went to Democrat donors and bundlers. For example:
    • Obama bundler George Kaiser was a major stakeholder in Solyndra through his Kaiser Family Foundation.
    • Steve Spinner, after bundling more than $500,000 for Obama in 2008, was named to the White House transition team and later served as “chief strategic operations officer” of the DOE loan program that funded Solyndra.
    • John Doerr has personally contributed more than $2 million to Democrats over the past 20 years. Doerr is a principle at Kleiner Perkins Caufield & Byers (KPCB). Of the 27 companies list in KPCB’s “green-tech” portfolio, 16 received some form of taxpayer support.
    • Steve Westly was a National Finance Committee member of Obama’s 2008 campaign and currently sits on the DOE’s Energy Advisory Board. Westly has bundled at least $700,000 in campaign donations for Obama, and personally given about $260,000 to Democrat campaigns and committees since 2007. Westly’s investment firm had a financial stake in four green energy companies that received more than half a billion dollars in federal funding in 2009.
  • Second, GM. In December, 2009 (under George W Bush), GM received $13.4 billion from the $700 billion Troubled Asset Relief (TARP) program. Then, in June, 2009, GM file for bankruptcy. The US Treasury Department (under Barack H. Obama) provided GM with $30.1 billion. Does the phrase “Throwing good money after bad” come to mind? Anyway, no matter how you slice it, GM received $43.5 billion, 69.2% of that from the Obama administration.So how is the GM investment, from a taxpayer perspective, doing? We know that, from an “auto worker unions supporting Obama” perspective, the investment has done/is doing quite well.Following its June, 2009, bankruptcy, GM stock was offered in November, 2010, at $33 per share. Today (July 19, 2012), GM is at $20.10. The analysis offered here is based on the July 2 price of $19.57, so everything offered here is still pretty much up to date. Just reduce our exposure by about 1%. But this source shows the price for the past year, so we taxpayers may be in for more of a bath than what is offered here predicts.

    We taxpayers own a 26.5% stake in GM. Based on the July 2 price, we are out a whopping $16.6 billion. We own 500 million shares of GM, and those shares are now worth $9.8 billion.

    But wait, as they shout on TV, there’s more! Obama let GM keep $45 billion (book value $18 billion) in past losses (usually eliminated along with debts in bankruptcy) to offset future profits. So when GM earned a $7.6 billion profit in 2011, it paid NO taxes. Include that $18 billion gift, and taxpayers’ true loss climbs to nearly $35 billion.

    The share price would have to rise to about $53 before we could break even!

    But wait, there’s even more. In late February, 2012, GM bought a 7% stake in PSA Peugeot Citroën, a French company. So what, you ask. Now the incredibly inept policies of French president avowed socialist François Hollande are becoming quite personal. PSA Peugeot Citroën has a greater than 50% chance of debt default, even as Hollande said PSA Peugeot Citroën must renegotiate a plan to lay off 8,000 workers and to close a plant. Hollande said that PSA Peugeot Citroën must lessen its social impact, even as he acknowledged that PSA Peugeot Citroën is currently losing €200 million per month.

    And we all know what a winning investment the Chevy Volt has been, making absolutely no money, and costing us taxpayers hundreds of thousands of dollars each. In fact, GM has announced that it will assemble 2013 Impalas and Malibus at the underutilized Hamtramck assembly plant.

    GM recently announced a 60 day money back guarantee policy for all new Chevy models, including the Chevy Volt which receives a $7,500 tax subsidy. This buy back policy establishes a possible tax fraud situation. Will it happen? Only time will tell.

We can all see the obvious, that the Obama corporate investment strategy is based not on highest (or any) taxpayer money return, but on crony capitalism and political payback. I just don’t think we can afford another four years of his investment strategy.

But that’s just my opinion.

Please visit RWNO, my personal web site.

How’s That “progressive” Deal Working Out For You?

According to the Labor Department, jobless claims for unemployment benefits surged 34,000 to 386,000.  Figures for the prior week were revised upwards to 352,000 from the 350,000 previously reported.  This makes every time since the current administration seized power that previously reported unemployment numbers were later revised upwards.

Meanwhile, factory activity fell shy of expectations held by economic experts and contracted for a third straight month.  The new orders index is currently minus 6.9.  A reading below zero indicates contraction.  Two consecutive quarters of economic contraction means that after spending $878 billion taxpayer dollars on government “stimulus”, the U.S. economy will experience a double dip recession.  Of course “progressives” will insist the reason the “stimulus” spending failed is because the government did not spend enough.

Over 1.5 million older Americans have lost their homes, while millions more are in danger of losing theirs due to the unsolved, ongoing national housing crisis.  About 3.5 million older homeowners’ mortgages are underwater.  The “progressive” solution to problems caused by “progressive” government interference in the U.S. housing market?  Have the government refinance underwater mortgages.  Why not?  The U.S. debt is only $15,884,155,929,632.05 and climbing rapidly.  America has money to burn.

http://www.usdebtclock.org/

Home sales dropped by 5.4% in June to an adjusted annual rate of 4.37 million homes, the fewest since October 2011.  Despite 30-year fixed mortgage rates being the lowest since the 1950s, potential buyers are having difficulty qualifying for loans due to the weakening job market.  Without vigorous job growth, consumers may continue delaying the purchase of new homes.  Why is it the White House jobs panel has not met in six months?  Perhaps having such a meeting would cut into the current Oval Office occupant’s golf, fundraising and campaign appearance time.

The outlook for consumers is not good.  Driven by corn prices reaching near record highs due to drought in the Midwest, grocery bills will continue to rise.  Since corn and corn syrup are used in 75% of the products found in supermarkets, shoppers can plan on paying higher grocery bills.

How long will it be before for a “progressive” Senator, Representative or White House czar calls for the use of more corn in ethanol production?

Why be bothered with the population’s food supply when there is a planet to be saved from carbon gas.  Never mind that more “greenhouse gasses” are belched by volcanoes every year than the combined amount produced by humans since civilization began.  Besides, the people most likely to starve to death probably fit into one of the “progressive’s” genetically inferior categories anyway.

Speaking of alternative fuels, the administration’s taxpayer funded capital investments in “green energy” are going so well that the Amonix solar manufacturing plant in North Las Vegas closed after receiving $20 million in federal subsidies.  The announcement came only14 months after Senate Majority Leader Harry Reid endorsed the plant’s opening by heralding solar energy in Nevada, comparing it to Saudi Arabian oil.

On the foreign policy front, the Muslim Brotherhood is infiltrating the U.S. government while they seize power in Egypt and Libya.  Israel and Iran are rattling sabers over the Islamist government’s pursuit of nukes and the prospects of an Israeli military strike against Iranian nuclear facilities.

Russia and China joined forces to veto sanctions on Syria in a UN Security Council vote.  Afterwards, the White House called Russian President Vladimir Putin, Syrian President Bashar al-Assad’s main international supporter, about the deteriorating Syrian situation.  Not surprisingly, that call ended with the two of them divided over how to move forward.

This is what is known as: Not peace through strength.

Don’t worry.  The White House saved the day by announcing that the USDA and Mexico have decided to work cooperatively in promoting American food assistance programs, including food stamps, to Mexican Americans, nationals and migrants living in America.

How is this “progressive” hope and change deal working out for you?

http://mjfellright.wordpress.com/2012/07/19/hows-that-progressive-deal-working-out-for-you/

Obama Chasing Spain’s Failure

Just last year Obama was telling America how “green” energy technology was the guaranteed pathway to energy security and independence:

“The future is here. We are poised to transform the ways we power our homes and our cars and our businesses”.

He said America risked falling behind the rest of the world in the design, production and implementation of renewable or “green” technology.  The nation he most often cited as the example for America’s green energy development to follow was Spain.

http://www.youtube.com/watch?v=t3UebL-x-sw

Spain announced on April 7, 2012 that they would halt all new renewable energy and co-generation projects.  Spain’s unemployment is running at more than 24%.  Every job created in Spain’s “green” energy sector cost 2.2 private sector jobs.

As recently as January, Spain’s Prime Minister Mariano Rajoy was making the campaign promise that he would not raise taxes.  This week he admitted that there would be a new Spanish VAT hike ranging between 18% and 21% and that budgets for local communities would have to be slashed.

“I said I would lower taxes and I am actually raising them. Circumstances change and I have to adapt to them.  The excesses of the past are being paid for right now” Rajoy said.

Thousands of people joined in a protest and marched in Madrid to support miners, who have been fighting against major cuts to industry subsidies.   Protesters supporting the miners threw objects at riot police, including fireworks, bottles and stones.  Police officers charged demonstrators and fired rubber bullets.  Five people were arrested and three people suffered minor injuries.

That is Obama’s grand vision for America?

Since Obama took office in January 2009, five million “green” jobs were promised, and as of 2010 225,000 had been created.  80% of the green loans, loan guarantees, and grants given out by Department of Energy went to Obama backers:

•SunPower, after receiving $1.5 billion from DOE, is reorganizing, cutting jobs.

•First Solar, after receiving $1.46 billion from DOE, is reorganizing, cutting jobs.

•Solyndra, after receiving $535 million from DOE, filed for bankruptcy protection.

•Ener1, after receiving $118.5 million from DOE, filed for bankruptcy protection.

•Evergreen Solar, after receiving millions of dollars from the state of Massachusetts, filed for bankruptcy protection.

•SpectraWatt, backed by Intel and Goldman Sachs, filed for bankruptcy protection.

•Beacon Power, after receiving $43 million from DOE, filed for bankruptcy protection.

•Abound Solar, after receiving $400 million from DOE, filed for bankruptcy protection.

•Amonix, after receiving $5.9 million from DOE, filed for bankruptcy protection.

•Babcock & Brown (an Australian company), after receiving $178 million from DOE, filed for bankruptcy protection.

•A123 Systems, after receiving $279 million from DOE, shipped some bad batteries and is barely operating. It cut jobs.

•Solar Trust for America, after receiving a $2.1-billion loan guarantee from DOE, filed for bankruptcy protection.

•Nevada Geothermal, after receiving $98.5 million from DOE, warns of potential defaults in new SEC filings.

That is only a partial list.

If this all sounds eerily familiar, it should.

Especially the part about how an elected politician is breaking a campaign promise to not raise taxes.  Obama said he would lower taxes and is actually raising them.   He will claim that circumstances change and American have to adapt to them.

One similarity is inescapable.  The excesses of the past are going to have to be paid.  Thanks to the failed presidency of Obama, those excesses have grown disproportionately larger.

http://mjfellright.wordpress.com/2012/07/12/obama-chases-spains-failure/

$9 Billion, 910 Jobs




The President Barack Hussein Obama administration, between 2009 and 2011, gave out $9 billion in stimulus money for solar and wind projects. As a result, 910 long-term “direct” jobs, those that are operation and maintenance oriented, were created. At the same time, 4,600 “indirect” jobs, those indirectly supported by the operation and maintenance jobs, were created. So if you combine the two types of jobs, you get 5,510 jobs created, or about $1.63 million for each job created.

The American Recovery and Reinvestment Act (the stimulus) of 2009 included Section 1603, a grant program run through the Treasury Department. The National Renewable Energy Laboratory (EREL), part of the U.S. Department of Energy (DOE), provided approximately $9.0 billion to 197 large wind projects and 23,692 photovoltaic (PV) projects.

In its report, “Preliminary Analysis of the Jobs and Economic Impacts of Renewable Energy Projects Supported by the 1603 Treasury Grant Program,” the EREL said that the 910 “direct jobs” were “significantly less than the number of [indirect] jobs supporting manufacturing and associated supply chains.”

The EREL relied upon Jobs and Economic Development Impact (JEDI) computer models to calculate the number of jobs created. Ultimately the grant program spent $9 billion to create 910 jobs that are designed to last about 30 years. If you look only at these jobs, each one cost about $9.8 million to create. Private sector businesses spend thousands of dollars creating jobs and training new employees. But the government spends $9.8 million per job.

Could the “doing fine” private sector have done a better job with $9 billion. Probably, but we’ll never know because:

  • the government has no profit incentive
  • the $9 billion has already been spent
  • the $9 billion was spent on projects with dubious (at best) economic justification
  • the jobs were created not to be economically viable, but because the DOE had to grant the money
  • the primary purpose of the money being granting was to “stimulate” the economy
  • the secondary purpose of the money being granting was to promote green energy

But that’s just my opinion.

Please visit RWNO, my personal web site.

Green Death

Eight regions of Spain have had their credit ratings cut as uneasy Spaniards moved their money overseas. Spooked by the questionable state of their banks, Spanish savers are now moving their money abroad faster than records have ever shown. Spain’s credit rating has been downgraded two notches and nearly 25% of Spaniards are unemployed

The Spanish newspaper La Gaceta ran a full-page article exposing the truth about Spain’s “green jobs” agenda, which just happens to have been cited many times by barack obama as the way “forward” for the United States. “Green energy” has now been exposed as a costly disaster that has undone Spain’s economy.

The Spanish Administration confessed “the increase of the electric bill is principally due to the cost of renewable energies.” It has now become officially recognized that the price of electricity, as well as increases in Spain’s debt are due to the extra cost of solar and wind energy. Additionally, the Spanish administration now admits that each green job that was created cost more than 2.2 traditional jobs in the private sector.

All evidence to the contrary, the obama administration insists on moving full speed ahead with its ill imagined, full frontal assault on the American energy industry, coupled with increased promotion of their “green jobs” fantasy.

Not only is coal America’s cheapest source of energy, the United States owns some the world’s largest coal deposits. Newly enacted EPA regulations now force a reduction in utility CO2 emissions to 1,000 pounds per megawatt of electricity. This regulation effectively bans construction of new coal-fired plants and will invariably lead to hikes in electricity costs. Since only natural gas meets the new emissions standard, the country’s electricity providers will be forced to pay the cost of converting to natural gas. One way or another, electricity prices will “necessarily skyrocket”.

Despite administration claims, obama’s hostility towards fossil fuels has led to reduced opportunities for domestic oil production. obama continues to call for the elimination of targeted tax breaks oil companies have been receiving for decades. The general public is largely unaware of the fact that those tax breaks are targeted chiefly for exploratory activities. Drilling for oil is an expensive, uncertain business venture. Even successful fields have limited lifespans. Besides, hiking taxes on new exploration is counter-intuitive to increasing production.

In addition to his open aggression towards traditional fuels, obama plans on “investing” more of American taxpayer money by doubling down on spending for wind farms, solar energy, homegrown biofuels and energy-efficient cars and buildings. The history of the administration’s “investment” strategy is fraught with peril.

Here are a few of the “green” “sustainable energy” failures that have already been supported by the current administration’s “investments”. Remember, all this financing was done using your tax dollars. Well, not exactly. It has been done with tax dollars to be re-paid to the Federal Reserve Bank and China by your grandchildren and great grandchildren. Plus interest:

Evergreen Energy-Which has filed for Chapter 7 bankruptcy, saying it’s “impossible to maintain operations” due to funding shortfalls. This announcement came after the company received $5.3 million in “stimulus” funds.

Amonix Inc.-A manufacturer of solar panels that received $5.9 million from the “stimulus”, laid off about 200 employees only seven months after opening a factory in Senate Majority Leader Harry Reid’s home State of Nevada.

Beacon Power Corp-Sought bankruptcy protection in 2010 after they received a $43 million loan guarantee from the Department of Energy.

Ener1 Electric-A car battery manufacturer, filed for bankruptcy three years after receiving a $118.5 million grant from the U.S. government.

These are all in addition to Solyndra-A solar panel maker that received a $535 million loan guarantee, then famously filed for Chapter 11 protection.

This is a mere taste of problems found when centrally planned big government intrudes into the free market. Not only is the spending inherently wasteful, the fact that these companies were in large part operated by big donors to obama’s political campaign points to the corruption involved when an ideologically captive, politically driven politician makes investment decisions based on cronyism. Two thirds of all energy loan guarantees or grants made by the obama administration’s Department of Energy have gone to his campaign donors or donation bundlers. Can you say quid quo pro?

All government energy subsidies should end. Energy companies should be free to compete without government interference. If and when “green” “sustainable energy” becomes a competitive solution, consumers will reward “green” companies that used private capital to successfully situate themselves in the market by purchasing their products. That’s how a free market works. That’s what’s made America the greatest economic success in the history of human civilization.

http://mjfellright.wordpress.com/2012/05/31/green-energy-death/

Obama Administration Continues to Force Refineries to Use Imaginary Biofuels

WASHINGTON , May 25, 2012 /PRNewswire-USNewswire/ — The Environmental Protection Agency (EPA) today denied the American Petroleum Institute’s (API’s) request to eliminate mandates for biofuels that do not exist, and the agency continues to fine refiners for not using them.

“EPA’s mandate is out of touch with reality and forces refiners to pay a penalty for not using imaginary biofuels,” said API Director of Downstream and Industry Operations Bob Greco. “EPA’s unrealistic mandate is effectively an added tax on making gasoline.”

The Clean Air Act requires EPA to determine the mandated volume of cellulosic biofuels each year at “the projected volume available.” However, in 2011 EPA required refineries to use 6.6 million gallons of cellulosic biofuels even though, according to EPA’s own records, none were commercially available. EPA today denied API’s 2011 petition for reconsideration of the mandate and continues to mandate these nonexistent biofuels this year.

“The fact that EPA continues to mandate these biofuels that do not exist is regulatory absurdity and bad public policy,” Greco said.

API represents more than 500 oil and natural gas companies, leaders of a technology-driven industry that supplies most of America’s energy, supports 9.2 million U.S. jobs and 7.7 percent of the U.S. economy, delivers more than $86 million a day in revenue to our government, and, since 2000, has invested more than $2 trillion in U.S. capital projects to advance all forms of energy, including alternatives.

Obama’s Litany of Wasteful Spending Continues

The Washington Free Beacon reported that the House Committee on Oversight and Government Reform has obtained new emails that show direct involvement between the White House and the Department of Energy over its disastrous green energy loan program.

“Department of Energy’s credibility is thin, and I’m currently trying to put off communications with people on the Hill,” Brightsource CEO John Woolard wrote to Matt Rogers, senior adviser to the secretary of energy for the Recovery Act.

Brightsource received a conditional loan guarantee worth $1.6 billion in taxpayer dollars to build a solar farm in California.

“Also, Darbee at PG&E talked directly to Obama about the program’s challenges and the bad situation it puts him in,” Woolard wrote in the email.

That was a reference to Peter Darbee, the former CEO of Pacific Gas and Electric.

PG&E has entered into power purchase agreements with Brightsource for its new solar project. As previously reported by the Free Beacon, PG&E is an aggressive purchaser of renewable power in California and has a formidable presence on Capitol Hill. The company has spent $82.3 million on lobbying since 2008, and the company’s political action committee has given nearly $380,000 to Democrats since 2008.

The White House has maintained the narrative that no influence was exerted with these companies, but that appears to be a false claim.

This is part of a litany of developments that show crony capitalism and wasteful spending.  In Nevada, Americans for Prosperity uncovered more waste from the Section 1603 program with the revelation that only 5,500 full time jobs have been created through green energy initiatives.  That’s $2 million per job!

Moreover, “Energy from the solar plant will cost ratepayers nearly three times more than energy from natural gas. (This is thanks to mandates from the state government; it enacted a Renewable Portfolio Standard of 25 percent “green” energy by 2025.)”

However, Obama has also wasted money in the areas of research and development.  According to MyGovCost.org:

The NBC Investigative Unit has raised questions about two grants totaling nearly $1.5 million dollars distributed to the University of California San Francisco. The money was part of the federal stimulus program and went to studies into the erectile dysfunction of overweight middle aged men and the accurate reporting of someone’s sexual history.

Here’s the $726,805 grant the government issued for the research into the erectile dysfunction of overweight middle-age men, which created 1.61 jobs according to the government’s estimates and which, apparently, is now more than 50% completed.

As for the study into how to improve the surveys in which data about individual sexual histories are collected, here’s the $1,260,717 grant, which as of May 15, 2012 is reported by the federal government to have resulted in the creation of 0.78 jobs, which is down from the 0.85 jobs that the NBC Bay Area Investigative Team reported just a day earlier.

Let’s give a round of applause to the stimulus’s resounding success!

Read more: http://www.americansforprosperity.org/051112-more-wasteful-spending-solar-energy-nevada#ixzz1v6av9uAz

Mr. President: Stop Tanking America

Americans for Prosperity’s $6.1 million dollar media campaign has taken no prisoners concerning its message to President Obama to stop tanking America. It has forced the Obama campaign to respond to them twice this year concerning the administration’s record of wasteful spending, exporting jobs overseas and its nonsensical commitment to clean energy initiatives, which led to the Solyndra fiasco.

However, AFP isn’t just hitting the airwaves to spread their message. They have organized various town-hall events and rallies to energize the grassroots support and the conservative base of the Republican Party in key states like Virginia and Florida where energy issues are a highly salient issue. I was fortunate to attend the McLean rally last Wednesday night, despite the inclement weather, which was well attended with two great guest speakers, Robin Millican and Alexandra Liddy Bourne, from The Institute for Energy Research and The American Energy Freedom Center who detailed the failure of clean energy initiatives and the costs that are driving gas prices sky high.

Ms. Millican, Policy Director for the Institute for Energy Research, reiterated the administration’s policy of picking and choosing winners and losers in this economy. More disturbingly, were her comments about the Department of Defense that signed a $12 million dollar contract with two biofuel companies to produce 450,000 gallons of the advanced liquid. It comes out to $26 a gallon, but once blended with traditional fuel, it will be more like $15 a gallon. This ludicrous expenditure is grounded in the words of Navy Secretary Ray Mabus who said “We are doing this for one simple reason: It makes us better fighters…our use of fossil fuels is a very real threat to our national security and to the U.S. Navy ability to protect America and project power overseas.” I’m sure the environmental left wanted to give him a nice kiss on the cheek with a box of chocolates, but as Millican pointed out, the federal government has a portion of land in Alaska called the Naval Petroleum Reserve which is specifically set aside to meet the energy demands of the military. Yet, we are going to pay companies to make fuel for our armed forces that is four times more expensive than standard fuel.

Ms. Millican also delivered some remarks about the the $500 million dollar loan allocated to Solyndra. A company principally financed by George Kaiser who was also a huge bundler for the Obama campaign in 2008. In all, big government breed corruption, crony capitalism, and dependency. She aptly pointed out that these subsidies are not meant to better society, but are goodie bags to the politically connected. She says “look no further than a government funded program that relies on a stamp of approval from a group of unelected bureaucrats who have no technical experience.” The process in determining which system maximizes efficiency is not rigorous and comes down to nothing more than corporate welfare. Continuing on the waste this administration has incurred due to its quest for clean energy initiatives, Millican detailed the Section 1603 program that has allocated $20 billion dollars in cash payment, not loans that need to be repaid, to companies that install solar, wind and geothermal properties. Congress want to extend this program for an additional year at the tune of $3 billion dollars.

Relating to AFP’s media campaign, Ms. Millican discussed the $529 million dollar loan to Fisker which produced the $100,000 dollar Karma automobile that is principally made in Finland. Is this investing in America? Ms. Millican astutely pointed out that renewables only constitute 1.5% of our entire energy consumption, but get the majority share of the funds allocated from Congress. Wind is two times more expensive as traditional coal and solar is three times more expensive and dithering from this administration to accept more traditional forms of energy are hitting fixed and lower income households the most. Lastly, we should follow Europe on this front. Europe is desperate to cut subsidies for clean energy. In Spain, for every one green job created, 2.2 jobs were lost. Does that sound sustainable?

Alexandra Liddy Bourne of The American Energy Freedom Center detailed the paradoxes of American energy policy stating we’re the third largest producer of oil, yet we import 51% mainly to be utilized for transportation. She stated how the ethanol mandate has made gas prices increase due to the fact that our pipeline infrastructure cannot transport ethanol to every part of the country. We need to ship it or put in on trains to get it to their respective destinations. The current mandate, E10, states that gas must have 10% ethanol blended in the fuel. The EPA want to increase it to 15%, which has the oil and car companies going ballistic due to the fact that any car made before 2007 will be ruined since ethanol pulls all the dirt and impurities into the gasoline, therefore, destroying the engine. You’ll be spending more time in the garage than on the road if this mandate is enacted next year. Hence, Americans would have to buy a new car to accommodate the mandate. Is this looking after the middle class Mr. President?

Furthermore, Ms. Bourne refuted the claim that oil companies were the enemy in this fight. Ninety-five percent of the oil is owned by nation-states and gas companies only make a 9% profit at the end of the day. A vast majority of the cost does rest on the price of crude oil, but 14% of the cost rests with local, state and federal taxes on gasoline. This source of price creep that could be tackled immediately by reducing the taxes, but the administration has balked at that suggestion. The Obama administration has continued to fund money to subsidize solar, wind, and alternative fuels with their accompanying jobs being shipped to Mexico, China, and Finland.

In all, both speakers detailed the intransigent regulatory policy this administration is placing on our energy needs. From recommending new mandates, creating new federal boards for land oil exploration/fracking, and wasteful investments with less traditional forms of energy, the Obama administration is stalling our recovery. Ms. Bourne insightfully stated that the cornerstone of our recovery will rest with the ability for our businesses to transport goods and accumulate wealth. With high energy prices, that process is stunted. As a result, we have an anemic recovery.

Obama to Speed up Reviews of Great Lakes Wind Power Projects.. That Do Not Exist

The campaigner-in-chief has really stepped in it this time. Barack Obama, facing the fact that due to a miserable economy and extremely high gas prices crushing middle class Americans, he will assuredly be a one and done President in November…  so now he wants the American people to believe he is really ramping up U.S. energy production … as in windmills. From Fox News comes this enlightening announcement:

The Obama administration announced an agreement with Great Lakes states on off-shore wind projects….and has signed a Memorandum of Understanding (MOU) with the  governors of Illinois, Michigan, Minnesota, New York and Pennsylvania to  streamline reviews of potential off-shore wind projects. (emphasis added)

 

 As in the Solyndra green energy scam that saw half a billion tax dollars funneled to Obama campaign bundlers and big donors, one can only guess which of Obama’s Democrat-crony-capitalists are standing in the windmill line to scam the taxpayers out of a few billion more tax dollars in exchange for big campaign donations. So far it’s pretty hush-hush, as can be seen by the fact that as of right now, these so-called soon to be expedited wind mill projects that Obama is bragging about…..do not currently exist!

However, when asked how much faster permits could get approved, White  House Council on Environmental Quality Chair Nancy  Sutley said, “There currently aren’t any projects seeking approval…”

This is a sign of a president who knows he can not run on his miserable failure of a record during his first term in office, so he turns to making announcements about speeding up reviews that do not exist. Of course there will be plenty of Obama donors lining up to rake in the cash while defrauding the American people through these green energy scams.. eventually. Meanwhile, American oil and gas production and permitting has been stopped dead in it’s tracks under Obama’s regime, including blocking the Keystone XL pipeline that would deliver hundreds of thousands of oil to U.S refineries the minute it was allowed to go online.

This is a man ( Barack Hussein Obama) who the people now see saying one thing in fluffy campaign speeches.. while doing just the opposite behind their backs.  Barack Obama just does not understand that when Americans can’t go on vacation because of $4.00 a gallon gasoline this summer, and seeing him stop U.S oil production while giving away billions of dollars to his campaign donors for failed green energy scams… they will say enough is enough and give him the boot in the November elections. He is in for a very harsh lesson in reality this November.

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