Posts Tagged ‘energy’
This time it’s a Spanish company which is going the way of Solyndra, but U.S. taxpayers are on the hook for the $2.7 billion worth of loan guarantees, courtesy of the Department of Energy Section 1705 loan guarantee program, the same program that funded Solyndra. You can thank His Oneness and his lust for green energy, along with Queen Hillary and her unwavering support of the Export-Import Bank for the latest assault on your wallets. This debacle will make Solyndra look like small change…
This is HUGE! The Supreme Court has ruled in favor of the 27 states and various companies and business groups who sued to stop the regulations under the administration’s Clean Power Plan from going into effect while the legality of the plan is litigated. I had not been hopeful for this result when the U.S. Appeals Court ruled against them, but perhaps the judicial system is beginning to wake up and remember its real job.
His Oneness planned to get the crippling regulations in effect and let the case spend years in litigation while he put the coal industry out of business and made energy as expensive as he promised he would.
Saudi Arabia’s King Abdullah is dead, but the succession was already set before his death, so the kingdom should not suffer much disruption because of the event. He wasn’t to my taste, mainly because of his two-faced behavior with terrorists, and his successor will have a shadow regent for a variety of reasons, but it could be much worse. The bow His Oneness made to the King doesn’t seem to have persuaded him to like our president. Perceived weakness never engenders respect, something His Oneness has never learned.
There is good news. The lowered price of oil is having an effect on the terror groups, on Iran’s ability to support them, and on Russia. The side benefit is that it helps the American consumer. Will our energy sector lose some jobs? Yes, but many of those laid off will have skills which translate to other areas, and one hopes that, like the wildcatters of old, they saved wisely during the boom times.
The GOP’s weekly address in response to the President’s can be somewhat tedious, but Rep. Mike Kelly does a really good job with this one, managing to display some fine sentiments for the Christmas season after chiding His Oneness for his single-minded determination to kill the coal industry. If you have time, read all of it.
Protesters met in Calgary, Canada to protest pipelines and anything useful for energy production. Their main concern is global warming, despite the fact there has been none in 15 years. The excuse for the pitifully small crowd was a snowstorm. Have you ntocied how often bitterly cold winter weather descends on such groups?
This is what oil exploration and production used to look like in Texas.
Gee whiz — I missed Earth Hour again. This past Saturday it was celebrated for the fifth time by turning off lights, which is a pretty good symbol for green endeavors. I am amazed that MSNBC even mentioned the competing Human Achievement Hour, which celebrated by leaving the power on.