Another American solar firm is purportedly in financial disarray after receiving millions of dollars in grants from the U.S. Department of Energy (DOE). Only a year after it opened, the Amonix solar manufacturing plant located in North Las Vegas has idled production, leaving serious questions about the company’s financial viability and whether taxpayers will be burdened with another multi-million-dollar DOE-subsidized boondoggle.
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.
The Obama administration is utilizing the U.S. prison system to help bolster its green-energy agenda, while boosting foreign companies and funneling cash into the hands of Obama’s largest campaign donors, according to a startling new report by the Washington Free Beacon.
Federal Prison Industries, more commonly known as UNICOR, is a wholly owned corporation of the U.S. government that uses penal labor from the Federal Bureau of Prisons to produce various products and services. Established in 1934, the organization was designed as a voluntary vocational-training program for federal prisoners, but has recently gone into business providing green-energy technology to federal agencies.
The Guardian recently reported a billionaire-funded vast right-wing conspiracy to sabotage President Obama's energy agenda and defeat him in the upcoming elections. Environmental correspondent Suzanne Goldenberg pointed to a February meeting held in Washington, DC, of what she called "a network of ultra-conservative groups" backed by the billionaire industrialist Koch brothers. Adding fuel to the fire, she also revealed a "confidential strategy memo" discussed at the meeting which advised "using 'subversion' to build a national movement of wind farm protesters."
Germany's power grid is in trouble, and federal regulators are warning something must be done before the onset of winter's usual skyrocketing energy demands. They say the current grid is unable to support the forced transition from nuclear to government mandated "renewable" energies and must be expanded quickly to avoid blackouts.
The Green River Formation of Utah, Wyoming, and Colorado may hold more oil than the rest of the known reserves on the planet put together: an estimated three trillion barrels.
Japan’s nuclear power woes could spur an electricity crisis that will likely cause severe power shortages this summer.