Surprising Unemployment Numbers and DOE’s Bad Bet on Fisker
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the unemployment report, the price of coffee and the bad bet the Department of Energy made with a loan to Fisker.
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Energy Week in Review
Dispatch from the Oil Patch for the week ending March 8, 2013.
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‘We have more oil and natural gas than anyone thought possible even 5 years ago.’
The domestic oil and gas supply picture is better than it’s been in a generation, and it’s getting better every day. That’s not just my opinion; it’s also the conclusion of Adam Sieminski, chief administrator of the Department of Energy’s Energy Information Administration (EIA), the government’s one-stop shop for all statistics related to our nation’s energy production and consumption. Sieminski was interviewed by Platt’s Energy | Read More »
The Withering Cost Of The Shiny, Green Jobs
Drama ensued last Tuesday when Dr. Molly Sherlock enjoyed the career-enhancing experience of getting to testify before the House of Representatives on the 1603 grant program administered by the Department of Energy. This program was set up to fund the creation of so-called Green Jobs. Unfortunately for Dr. Sherlock, Congressman Cory Gardner (R, Colo) was the one wearing the green eyeshades. The relevant questioning follows | Read More »
Nevada Geothermal Power: Solyndra Lite?
The New York Times reports on another Department of Energy green energy loan going bad. This one involves Nevada Geothermal Power, which generates electrical power using near-surface geothermal heat. After $79 million in loans and $66 million in outright grants, the company’s auditor has concluded that there is significant doubts about its ability to continue as a going concern. In this case, Nevada Geothermal was | Read More »
The Big Energy Lie, Revisited
Your President has been telling you things that simply aren’t true. Things like “We can’t drill our way out of our energy problems.” Or “Oil and gas are the fuels of the past.” Or, perhaps worst of all, “The U.S. consumes 25% of the world’s oil, but controls only 2% of the world’s reserves.” Well, that last one may be technically true, but it is | Read More »