Archive | Economics

Nissan: Taxpayer Money Needed for Expensive Electric Cars

By Paul Chesser Highlighting that electric vehicles are no more than a scheme to extract money from taxpayers rather than sell a viable product, the producer of a dismal-(but still highest) selling all-electric car in the U.S. confirmed they wouldn’t exist at all without government. Francois Bancon, Nissan’s global general manager of product strategy and […]

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Obama vows to fight for climate action, make global warming a key 2012 issue

As the wheels are falling off the global warming bandwagon, Obama will double down? By Ben German President Obama is vowing to make the case for action on global warming during the 2012 campaign. “I suspect that over the next six months, this is going to be a debate that will become part of the […]

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Infinite Taxpayer Money Needed for Electric Truck Company's Survival

By Paul Chesser Despite a new report out of the United Kingdom that says the future of the business is bleak without government subsidies, a three-year-old unprofitable electric truck company that received $32 million in U.S. taxpayer stimulus plans to raise more money via an initial public offering. Kansas City-based Smith Electric Vehicles was launched […]

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Shady Solar Dealings

The president’s green energy policies don’t add up By Donald J Bourdreaux Speaking recently at America’s largest solar energy plant — in Boulder City, Nev. — President Obama insisted that green energy is so important, “You’d think that everybody would be supportive of solar power. And yet, if some politicians have their way, there won’t […]

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Government-Subsidized Green Light Bulb Carries Costly Price Tag

By Peter Whoriskey The U.S. government last year announced a $10 million award, dubbed the “L Prize,” for any manufacturer that could create a “green” but affordable light bulb. Energy Secretary Steven Chu said the prize would spur industry to offer the costly bulbs, known as LEDs, at prices “affordable for American families.” There was […]

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Wind Farms in Pacific Northwest Paid to Not Produce

By Dan Springer Wind farms in the Pacific Northwest — built with government subsidies and maintained with tax credits for every megawatt produced — are now getting paid to shut down as the federal agency charged with managing the region’s electricity grid says there’s an oversupply of renewable power at certain times of the year. […]

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ReVolt: Obama Wants You to Pay even More for Cars Nobody Wants

In a speech before the Daimler Trucks North America manufacturing plant in Charlotte, N.C. today, the president delivered his answer to rising gas prices: He wants to increase the $7,500 tax credit for alternative-energy vehicles to $10,000, earmark $1 billion to reward cities that provide infrastructure for such vehicles, earmark an additional $650 million for a […]

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5 Biggest Whoppers In Obama's Energy Speech

Investors Business Daily Editorial Energy: The White House billed President Obama’s energy policy speech as a response to mounting criticism of record high gas prices. What he delivered was a grab bag of excuses and outright falsehoods. Obama’s main message to struggling motorists was: It’s not my fault, so stop whining. The speech only got […]

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Sixteen Concerned Scientists: No Need to Panic About Global Warming

There’s no compelling scientific argument for drastic action to ‘decarbonize’ the world’s economy By 16 concerned scientists (see end of article) A candidate for public office in any contemporary democracy may have to consider what, if anything, to do about “global warming.” Candidates should understand that the oft-repeated claim that nearly all scientists demand that […]

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Inhofe Comments on State of the Union Address

Washington, D.C. – Senator James Inhofe (R-Okla.), Ranking Member of the Senate Committee on Environment and Public Works commented on President Obama’s State of the Union Address. “President Obama has clearly received the message that his global warming agenda is gone, dead, done with the American people – that’s why he was touting oil and […]

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Bankrupt Solyndra Caught Destroying Brand New Parts

From CBS San Francisco After filing for bankruptcy last year, Fremont solar company Solyndra still owes American taxpayers half a billion dollars. But CBS 5 caught them destroying millions of dollars worth of parts. At Solyndra’s sprawling complex in Fremont, workers in white jumpsuits were unwrapping brand new glass tubes used in solar panels last […]

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The 11 Other Solyndras

By Doug Powers Yesterday there was another White House document dump regarding Solyndra’s bankruptcy filing just after the 2010 elections. While Solyndra is the crown jewel in the Department of Energy’s “you can’t make a green omelette without breaking a few hundred million taxpayer eggs” trial-and-error initiative, there are many other examples. CBS News’ Sharyl […]

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Georgia Ethanol Plant Sold, at Taxpayers' Loss

By Dan Chapman The failed Range Fuels wood-to-ethanol factory in southeastern Georgia that sucked up $65 million in federal and state tax dollars was sold Tuesday for pennies on the dollar to another bio-fuel maker with equally grand plans to transform the alternative energy world. LanzaTech, a New Zealand-based biofuel company, paid $5.1 million for […]

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Greenpeace Founder Questions Windfarms

By Patrick Moore Southwestern Ontario’s flourishing wind energy industry came under fire Wednesday from the co-founder of Greenpeace. Dr. Patrick Moore told more than 1,000 area farmers the industry destroys more jobs than it creates, and causes energy prices to climb for all users. “The industry is a destroyer of wealth and negative to the […]

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