Speaking at a campaign event in Cincinnati, Ohio on Monday, President Obama insisted that he does not make the same mistake twice, and that he would remain steadfast in his efforts to subsidize the “green” energy industry.
Acting on the Obama administration’s inexorable push for alternative fuel, a gas station in Lawrence, Kansas, has become the first in the nation to offer E15 fuel, a blend containing 15 percent ethanol and 85 percent gasoline.
The Obama administration's problems continue to mount because of its financial support of the so-called green industry. Perhaps the most well-known example of such boondoggles is the solar panel firm Solyndra, which went bankrupt last fall after a federal loan guarantee of $535 million. And there have been a string of other such clean energy company bankruptcies since then, at a huge waste of taxpayer money.
It now appears that yet another solar energy company heavily underwritten by federal loans, Abound Solar in Colorado, will declare bankruptcy and leave the taxpayers holding $70 million in loans.
The U.S. government opens new area of the central Gulf of Mexico for drilling, amid controversy from environmentalists, who claim that the move will further damage a fragile ecosystem, and have filed a lawsuit hoping to prevent more drilling.