If it ever was a secret, it’s not a secret any longer: The Obama Administration is on a vindictive campaign to injure America’s oil and gas industry. The proof materialized last week when video of an Environmental Protection Agency official revealed the White House’s vicious attitude toward the very industries that supply the American people a reliable, affordable energy source. Yesterday, that official fell on his sword and resigned to spare the president any further embarrassment from the truth he disclosed. Last week, Heritage’s Lachlan Markay reported on a video … More
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A financially troubled green energy company has seen its stock prices plummet to below a dollar per share (UPDATE: see below) since receiving a nearly $250 million federal grant in 2009. The company lost $257.7 million last year. Two of its clients make up half of its business, and one is also struggling financially. But none of that has stopped A123 Systems, which manufactures batteries for electric vehicles, from applying for another $233 million in federal backing through the Energy Department’s Advanced Technology Vehicle Manufacturing program, according to its latest filing … More
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Americans for Limited Government opens their new viral hit with a simple line, “If I wanted America to fail …”
From there, the video recounts a number of disastrous energy policies currently being pursued by our government which are …
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When insurance giant AIG paid lucrative bonuses to top executives after receiving federal support, President Obama asked, “How do they justify this outrage to the taxpayers who are keeping the company afloat?” But three years later, numerous green energy companies backed financially by the administration are paying out large salaries and bonuses to their executives, even as the companies struggle to stay financially solvent. Scribe recently reported that Ecotality, a stimulus-backed electric vehicle charging station manufacturer that has received about $141 million in Energy Department grants, increased “executive and director” … More
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By Chris Edwards
I happened to hear some of the comments by United Nations Secretary General Ban Ki-moon in Washington today. The comments regarded the Secretary General’s “Sustainable Energy for All” initiative. It was a classic of bureaucratic speechmaking, as it was chock-full of the catch-phrases that are popular in internationalist circles. As a student of bureaucracy, I [...]
Quantum Leap by Ban Ki-moon is a post from Cato @ Liberty – Cato Institute Blog
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The Energy Department has yet to comply with a congressional request for information on a stimulus-backed company under investigation for insider trading and facing serious financial difficulties. Rep. Andy Harris (R-MD), who chairs the House Energy and Environment Subcommittee on Science, Space, and Technology, asked Energy Secretary Steven Chu for “a detailed summary of the Ecotality project” in a letter in late March. Ecotality is a poster-child for the administration’s push to get a million electric vehicles on the road by 2015. The company manufactures charging stations for those vehicles, … More
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High gas prices are not a president’s friend, especially in an election year, so it’s not surprising that President Barack Obama is trying his darndest to shift the blame for record-high fuel prices onto something other than his failed energy policies. Yesterday he made a desperate attempt to distract from those failures and redirect America’s gas price rage with a flawed proposal to punish speculators for supposedly driving up the cost of energy. Speaking from the Rose Garden, the president announced a proposal to spend $52 million to fund increased government … More
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From canceling oil leases in his second week in office to denying the XL Pipeline this year President Obama and his administration have offered up a non-stop assault on affordable energy. Now that high gasoline prices have come home to roost, the president is flailing around for an energy policy. His recent attempts at energy policy include: Nobody can do anything about high gasoline prices. Maybe I should release crude from the Strategic Petroleum Reserve. There is a lot of drilling that I haven’t been able to stop. Don’t I … More
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Typically, comprehensive pieces of energy legislation expand the government’s authority over the energy economy rather than minimize it. The 2005 and 2007 energy bills are good examples, and probably the most expansive was the failed cap-and-trade in 2009. And most recently the House-proposed water and energy appropriations bill continues to waste taxpayer dollars by spending on fossil fuel and nuclear energy programs that the private sector should undertake. The current state of America’s energy policy is far from a market-driven one. Subsidies, loan guarantees, targeted tax credits, and mandates pick … More
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Back in July 2006, House Democratic Leader Nancy Pelosi (CA) appeared at a gas station in Washington, D.C., to draw attention to the high price of gas under President George W. Bush. Back then, gas at that station was $3.19 per gallon, yet today gas prices in the very same location are a whopping $4.45 per gallon — yet Pelosi is nowhere to be found. But Pelosi isn’t the only one missing. Back in 2006, she stood alongside Senator Chuck Schumer (D-NY) and Representatives Rahm Emanuel (D-IL) and Ed Markey (D-MA), all of … More
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