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Obama Likes High Gasoline Prices, But Won't Admit It
"The truth is that for Obama, low gas prices are the problem, since they would hamper progress toward his "green" Nirvana, where we all hop on government trains and putter around in government-approved electric cars. It's just that he's smart enough not to say this out loud."
2/16/2012 7:35 PM
Permalink ID:24001
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Solyndra funder Kaiser paid zero taxes for years
"Oklahoma billionaire George Kaiser has been in the headlines in recent months thanks to his role as a major investor in Solyndra LLC, the now-bankrupt California solar panel maker hailed by President Obama as a model for America's "clean energy future."
10/13/2011 10:47 PM
Permalink ID:23464
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Next Round: Obama Admin Authorizes Billions More In Loan Guarantees to Solar Companies
"San Jose-based SunPower, which is majority-owned by French oil and gas major Total, received a $1.24 billion guarantee for its California Valley Solar Ranch project. This 250-megawatt facility, which is being built in San Luis Obispo County, is expected to harness enough solar energy to power more than 64,000 homes and cut carbon emissions of some 425,000 metric tons into the atmosphere annually."
10/8/2011 4:50 PM
Permalink ID:23449
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A NH Solyndra? Wind farm gets fed loan
"Why would a company created by a $3.2 billion company and backed by a $2.7 billion private fund need federal loan guarantees? That would be an important question at any time, but it is more pertinent after the bankruptcy of Solyndra, a solar-panel maker that got a $535 million federal loan guarantee from the Obama administration last year."
10/8/2011 4:44 PM
Permalink ID:23447
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Doubling Down On Solyndra
"As the Energy Department's loan chief leaves a sinking ship, the president says that people thought bailing out a failing solar panel maker was a "good bet." Next time play with your money, not ours."
10/8/2011 4:36 PM
Permalink ID:23446
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Obama doesn’t regret Solyndra loan
"Emails released Monday show that administration officials were worried in the days before Obama’s visit, arguing that the visit would embarrass the White House if the company — which was showing signs of financial trouble — ultimately went bankrupt.
Obama noted Monday that “hindsight is always 20/20.”
10/3/2011 10:53 PM
Permalink ID:23403
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TOP OBAMA FUNDRAISER OK’ED SOLYNDRA LOAN
"Who arranged the Solyndra loan? A top Obama fund raiser named Steven J. Spinner who, according to ABC, worked to “pick and select fantastic projects” for DOE to fund. During the campaign, he was responsible for raising at least half a million dollars for Obama. Now, he told associates that he “helped oversee the more than $100 billion of loan guarantee and direct lending authority” for DOE’s green-energy lending program.
And what a coincidence! Spinner’s wife, Allison’s law firm Wilson, Sonsini, Goodrich & Rosati got $2.4 million in legal fees to handle the legal work in connection with the Solyndra loan."
10/2/2011 7:41 PM
Permalink ID:23395
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Solyndra and the Scandal of Tomorrowland
"Before Solyndra went bust, solar industry leaders would frankly admit to friendly media that “the growth of their US operations is vitally dependent upon a fragile matrix of government support — state renewable portfolio standards and federal tax credits, grants and construction loan guarantees.” (There are echoes of Obamacare here, with government mandates and government subsidies propping up a Potemkin marketplace.) There are at least three major reasons solar fails as a feasible alternate energy source — diffuseness, cost and unreliability — and little progress has been made in addressing them. For example, regarding diffuseness, environmentalists have already opposed efforts to build large solar plants in the Mojave desert. On the issue of cost:"
10/2/2011 6:35 PM
Permalink ID:23386
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Solargate Opens Wide
"Corruption: It turns out a recent recipient of the administration's largesse is from the House of Pelosi. The green energy scandal keeps picking up speed.
Last week, the Energy Department completed a $737 million loan guarantee to Tonopah Solar Energy and an additional $337 million for Sempra Energy."
9/30/2011 9:31 PM
Permalink ID:23360
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Obama was warned of loan dangers long before Solyndra sank
"In a detailed story posted overnight, The Times' Tom Hamburg, Kim Geiger and Matea Gold outline the danger signals set off in October 2010 when secretary of the Treasury Tim Geithner and chief economic advisor Lawrence Summers warned the president that Energy's vetting process was not stringent enough to weed out troubled applicants in advance."
9/27/2011 7:16 PM
Permalink ID:23330
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9/27/2011 6:53 PM
Permalink ID:23323
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9/23/2011 11:54 PM
Permalink ID:23307
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In Rush to Assist Solyndra, U.S. Missed Warning Signs
"President Obama’s visit to the Solyndra solar panel factory in California last year was choreographed down to the last detail — the 20-by-30-foot American flags, the corporate banners hung just so, the special lighting, even coffee and doughnuts for the Secret Service detail."
9/22/2011 11:22 PM
Permalink ID:23275
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Solyndra Takes The Fifth
"There's a delicious irony in the news that Solyndra's two top executives, Chief Executive Brian Harrison and Chief Financial Officer W.G. "Bill" Stover, plan to invoke their Fifth Amendment rights and refuse to answer questions when they testify Friday before a House Energy and Commerce Committee panel investigating their failed company, which got more than $500 million in federally backed loans."
9/21/2011 10:00 PM
Permalink ID:23258
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Issa to launch probe of Obama actions on Solyndra, LightSquared
"Issa said the committee was looking at whether it was improper for members of Congress or White House staff to select companies eligible for subsidized government loans when those companies could give campaign donations. Loan programs have been a popular tool to provide funding for popular industries — like tech, green energy, and American auto companies — at more favorable terms than could be secured privately."
9/20/2011 9:56 PM
Permalink ID:23249
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9/16/2011 8:27 AM
Permalink ID:23215
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Solar Bankruptcies Mean It’s Time to End Energy Subsidies, Not Increase Them
"Last week, Solyndra became the third solar company in recent weeks to go belly-up, but the Fremont-based solar manufacturer made the most noise—because it lost more than a half a billion dollars in taxpayer money. Solyndra received one of the first stimulus loan guarantees, a $535 million loan. During a visit to the plant last year, President Obama said, “Companies like Solyndra are leading the way toward a brighter and more prosperous future.” In 2010, Solyndra closed one of its facilities and canceled its initial public offering, and last week Solyndra filed for Chapter 11 bankruptcy and laid off all of its 1,100 workers."
9/15/2011 8:26 PM
Permalink ID:23208
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Emails: Obama White House Monitored Huge Loan to 'Connected' Firm
"The company's solar panel factory was heralded as a centerpiece of the president's green energy plan -- billed as a way to jump start a promising new industry. And internal emails uncovered by investigators for the House Energy and Commerce Committee that were shared exclusively with ABC News show the Obama administration was keenly monitoring the progress of the loan, even as analysts were voicing serious concerns about the risk involved. "This deal is NOT ready for prime time," one White House budget analyst wrote in a March 10, 2009 email, nine days before the administration formally announced the loan."
9/13/2011 8:27 PM
Permalink ID:23189
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9/10/2011 10:12 PM
Permalink ID:23159
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9/10/2011 12:07 AM
Permalink ID:23140
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Politically Connected Solar Firm Goes Under Despite Federal Support
"Major donors to President Obama have received favorable treatment throughout his administration. Today’s news that solar company Solyndra is going bankrupt demonstrates the consequences of that apparent cronyism. The company’s demise is likely to cost taxpayers hundreds of millions of dollars."
8/31/2011 10:15 PM
Permalink ID:23082
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Solar Purge Drives Weakest Into Bankruptcy, Buyouts With More Deals Coming
"The solar-equipment industry has begun its biggest consolidation in at least two years as photovoltaic systems plunge in price, forcing weaker companies to team with competitors or close shop."
"Mergers and acquisitions announced so far total $3.3 billion, up 33 percent from the $2.47 billion in all of last year, data compiled by Bloomberg show. Evergreen Solar Inc. (ESLR) today set a Sept. 20 meeting in a Delaware court for creditors owed $456 million. German solar-panel maker Q-Cells SE (QCE), which has convertible bonds trading at a 64 percent discount to face value, has said it’s open to takeover bids."
8/30/2011 9:13 PM
Permalink ID:23068
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OBAMA’S DILEMMA: GAS PRICES VS. ENVIRONMENTALISTS – LUNCH ALERT!
"In this video commentary, I discuss Obama’s problem with his intense environmentalist constituency. The environmentalists have flipped out! They are sitting in at the White House to protest new energy sources like oil sands and demanding new regulations on power plants and industry. If Obama gives in, it means higher gas prices. If not, he loses their support."
8/28/2011 10:08 PM
Permalink ID:23033
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ExxonMobil Sues Obama Administration for Canceling Deepwater Well Worth ‘Billions of Barrels of Oil’
In the suit, filed Aug. 12 in federal court in Louisiana against Interior Department Secretary Ken Salazar and related parties, Exxon alleges that the Interior Department made an “arbitrary, capricious” decision in canceling the deepwater leases, arguing that the government’s action “deprives ExxonMobil of property without due process of law.”
8/26/2011 10:33 PM
Permalink ID:23012
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Auto Makers, White House Spar on Fuel-Economy Goal
"The Obama administration and auto industry are deeply divided over whether future advancements in battery technology can support a proposal to roughly double fuel economy to 56 miles on a gallon of gasoline by 2025."
"Government officials have estimated the costs of meeting the mileage and emissions target would add between $770 and $3,500 to the cost of a new car in 2025. The Alliance of Automobile Manufacturers, the industry's main trade group, has said research shows such big gains in fuel economy could raise vehicle prices by $6,000 or more."
7/21/2011 12:35 AM
Permalink ID:22657
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Texas congressman secures more life for 100-watt bulb
"The House of Representatives gave extended life to the 100-watt bulb Friday, voting to delay a ban on sales of the incandescent bulb for nine months, from Jan. 1 to the end of the fiscal year, Sept. 30, 2012. "
7/16/2011 11:22 PM
Permalink ID:22604
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House passes light bulb bill
"An amendment from Rep. Michael Burgess (R-Texas) defunding the Energy Department's standards for traditional incandescent light bulbs to be 30 percent more energy efficient starting next year was approved rather anticlimactically by voice vote."
7/16/2011 8:04 PM
Permalink ID:22602
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http://www.cnsnews.com/commentary/article/un-claims-going-green-cost-76-trillion
"That's $76 trillion, or more than five times the entire Gross Domestic Product of the United States ($14.66 trillion a year). It's all part of a "technological overhaul" "on the scale of the first industrial revolution" called for in the annual report. Except the UN will apparently control this next industrial revolution."
7/14/2011 11:16 PM
Permalink ID:22571
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New Light on Paternalism
"The government wants to take away our choice. It wants to take away our right to make our own decision. It doesn’t trust us to make our own choices. And why should it? Secretary Chu won the Nobel prize in physics. He’s obviously smarter than we are."
7/10/2011 11:13 AM
Permalink ID:22540
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Obama's Plan for $10 Gas
"For this President the goal all along has been $10 gas, and he is closer to achieving it than most observers realize."
7/8/2011 9:06 PM
Permalink ID:22503
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EPA Funds Green Groups That Sue The Agency To Expand
"When the Environmental Protection Agency said in late June that it would force Western coal-fired power plants to install haze-reducing pollution-control equipment at a cost of $1.5 billion a year, it said it had to in order to settle a lawsuit by environmental groups."
7/6/2011 10:26 PM
Permalink ID:22484
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7/3/2011 4:16 PM
Permalink ID:22438
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Chemical Industry Fears Job Losses If Congress Subsidizes Natural Gas Cars
“What is being proposed under the Pickens Plan and the NAT GAS Act is to create a $5 billion taxpayer subsidy that would support the use of natural gas for transportation purposes,” Dooley said at Heritage this afternoon. “It picks winners and losers. We don’t think that’s the appropriate role for government.”
6/28/2011 9:40 PM
Permalink ID:22354
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6/28/2011 9:31 PM
Permalink ID:22351
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The New York Times’ natural gas fiasco
"So it is: Natural gas just might be the energy solution environmentalists say they want, but actually can’t stand because nothing would put them out of business faster."
6/28/2011 9:12 PM
Permalink ID:22345
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6/27/2011 5:38 AM
Permalink ID:22294
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Upton ‘Close’ to Agreement on Legislation Repealing 2007 Ban on Ordinary Light Bulbs
"Upton told bloggers at The Heritage Foundation in Washington, D.C., Tuesday, that he is working with Reps. Joe Barton (R-Texas) and Michael Burgess (R-Texas) and expects that "soon, very soon" they will advance a bill that would undo regulations that effectively ban the ordinary incandescent light bulb by 2012 – regulations that Upton sponsored in 2007."
6/22/2011 6:26 PM
Permalink ID:22234
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More regulations: EPA's fantasy solution to unemployment
"American Electric Power Chairman Michael Morris announced last week that his company would be forced to close five coal-fired power plants, spend an additional $8 billion refitting other plants, and lose 6,000 megawatts of its coal-generated capacity if the U.S. Environmental Protection Agency follows through with its latest proposed regulation of coal power plants. That's just fine with President Obama and Lisa Jackson, whom he appointed as EPA administrator. Their goal is to put people like Morris and utilities like AEP out of the coal-fired generation business."
6/16/2011 6:06 PM
Permalink ID:22208
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Senate Votes to Repeal Ethanol Tax Credits
"In a bipartisan 73-27 vote, the Senate stripped about $6 billion a year in credits from the industry. The same proposal from Republican Sen. Tom Coburn failed on Tuesday, but only because Democrats were peeved at him for forcing a vote on his amendment. When an identical amendment by Democratic Sen. Dianne Feinstein came up Thursday, Democrats and Republicans overwhelmingly supported it."
6/16/2011 5:52 PM
Permalink ID:22203
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Obama's Symbolic Chevy Volt Folly
"With Volts currently priced at $41,000, what net "savings" will taxpayers realize? The General Services Administration did not reveal the actual price at which GM will sell the Volts to Obama. But we can make reasonable assumptions."
"Most buyers of electric vehicles qualify for a federal tax credit of $7,500. Let's allow that Obama's people are persuasive enough to negotiate a unit purchase price of $41,000 - $7,500, or $33,500. And let's be charitable and assume that the five charging stations will be built for a mere ten times (probably conservative for a federal government cost multiplier) the average price currently quoted by a company."
5/31/2011 6:22 AM
Permalink ID:22030
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Energy Myths of the Left
"From confused "peak oil" theorists to confused Congressmen, it's all but impossible to hear a discussion of US energy policy without hearing the left's tired refrain: "The United States currently uses 25% of the world oil production but has only 2% of world reserves." The left uses this misinformation to argue against domestic oil drilling, claiming that with only two percent of the world's reserves, we can't possibly have enough oil in the ground to matter."
5/27/2011 8:05 PM
Permalink ID:21999
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In Iowa, Romney backs ethanol subsidies
"Asked about his position on federal ethanol subsidies following a talk at the Greater Des Moines Partnership's Presidential Forum Speaker Series, Romney said that ethanol is an important part of the nation's energy supply."
5/27/2011 7:10 PM
Permalink ID:21994
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Vote to hike taxes on oil fails in Senate, 52-48; Dems vow to revive it
"The Senate on Tuesday rejected a bill that would have ended $21 billion worth of tax breaks for large oil companies, but Democrats vowed to revive the measure as part of high-stakes negotiations on the budget and debt ceiling."
"Democrats’ pledge to continue pushing the bill signals that they view the effort as a winning political issue amid $4-a-gallon gas, soaring oil company profits and growing concern about the deficit.:
5/18/2011 7:53 PM
Permalink ID:21873
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