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Bad Karma: Solyndra on Wheels

Written by Gary North on June 7, 2012

Maybe you remember the Karma. It is a high-tech “green energy” car made in Finland. It got a loan from the U.S. government for over half a billion dollars. You may have read about this in the Wall Street Journal. If not, let me remind you. The loan was $529 million. The car was supposed […]

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$90 Billion in Green Energy Stimulus => 16,100 Jobs

Written by Gary North on May 29, 2012

The green energy sales pitch is basic to President Obama’s President Obama’s re-election campaign. Environmentalists favor it. The justification is more jobs.  But here is reality: only about 16,000 new jobs have been created. That is $5.6 million per job. This is not highlighted in his campaign literature. The bankruptcy of Solyndra got a lot […]

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Smart Meters, Terrorist Hackers, and a Power Grid Collapse

Written by Gary North on May 4, 2012

The worst-case scenatio used to be nuclear war. That involved the USA vs. the USSR. Today, the two worst-case scenarios in the modern world are these: (1) terrorist use of biological weapons in several cities at the same time; (2) a terrorist attack on the power grid. These are home-brew operations. The potential perpetrators cannot […]

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Popeye Power: EPA Funds Spinach Research as an Oil Substitute

Written by Gary North on May 3, 2012

The Environmental Protection Agency never sleeps in its quest for environmentally friendly energy. So, it awarded $90,000 to students at Vanderbilt University to work on a project. The students think they can get net energy out of spinach. The students know a good thing when it comes along. The good thing is $90,000. The students […]

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$2,500 Per Year Per Car for Gasoline

Written by Gary North on May 2, 2012

I recently filled my gasoline tank. It came to $75. I drive a Toyota minivan. It gets about 20 miles to the gallon on average. I don’t drive it on the road for long trips often. My 1993 Dodge minivan gets better mileage. A wife in the United States drives about 1,000 miles a month. […]

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Obama’s “Green Energy” Policy Is Radioactive

Written by Gary North on April 23, 2012

Obama trumpets green energy. Green energy will make us energy independent and pollution-free. He puts his money where his mouth is. Well, he puts our money where his mouth is. He believes in green energy, and his policy is costing plenty of green. The money going to subsidize nuclear power. Private nuclear power. Good Old […]

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Obama Takes Major Step in Controlling Natural Gas

Written by Gary North on April 19, 2012

By executive order, Obama has created the beginning of a vast new regulatory system to control natural gas. Congress had nothing to say about this. Natural gas prices are falling due to new methods of extraction called fracking. This is creating havoc for the anti-growth environmentalists. It has dropped the price of natural gas. Across […]

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Another Renewable Energy Bust: $43 Million of Taxpayer Money Gone

Written by Gary North on April 16, 2012

The stories just keep coming. The Department of Energy offers huge loan guarantees for “renewable energy” projects, and they keep going belly-up. Not yet two years after the Department of Energy awarded $43 million in loan guarantees for Beacon Power’s energy storage plant, government attorneys are calling the bankrupt solar company and its affiliates little […]

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B.O. Funds Energy with B.S.

Written by Gary North on April 13, 2012

The Obama Administration has come up with a great idea. It will have the Department of Agriculture give $5 million to construct a biogas anaerobic digester. What, pray tell, is that? It’s a way to convert bovine droppings into heat. To heat what? An ethanol plant. This will create 15 new jobs. Think of it. […]

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Another Green Energy ObamaLoan Turns into Red Ink

Written by Gary North on April 13, 2012

Solyndra was the first domino. This latest bankruptcy will take with it maybe $50 million or maybe $100 million. The bankruptcy lawyers will hammer out a settlement. The U.S. government had put up a $2.1 billion loan guarantee. We will not know for years how much money in the hole the latest solar energy company […]

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