Beacon Power, the beneficiary of the endless flow of taxpayer guarantees emanating from the Department of Energy, went into bankruptcy in just over two years, leaving lawyers from the Justice Department crying foul.
As the issue of rising gas prices dominates Obama’s current standing among the public, the White House is scrambling to broadcast the President’s purported dedication to U.S. energy independence. And one strategy the administration is engaging in is to accuse congressional Republicans of stonewalling executive efforts to improve the country’s energy and environmental stature.
United Mine Workers Association (UMWA) President Cecil Roberts (left) recently blasted the actions of EPA Administrator Lisa Jackson, who has proposed new stringent standards on coal-based generating units, declaring, “The Navy SEALs shot Osama bin Ladin in Pakistan and Lisa Jackson shot us in Washington.”
Remember $1.83 per gallon gasoline? Seems like a very distant memory? That was the national average price we paid for the precious liquid when President Obama took over the White House in January 2009.