Electric car maker Fisker begins the usual “painful public death” process.
Meet yet another of thank-God-he’s-former Energy Secretary Dr. Steven Chu’s bad calls with your tax money: Struggling carmaker Fisker Automotive laid off 160 employees, most of its staff, Friday as it struggles to reach a financing deal that would save the maker of the Karma hybrid sports car. The Anaheim company dismissed all but a core group of about 40 workers needed to keep the | Read More »
Surely You’re Joking, Dr. Chu!
The creation of a incredible mythology for departing Sec. of Energy Steven Chu is underway. Incredible, as in “lacking credibility”.
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Steven Chu to leave Department of Energy?
Interesting. Secretary of Energy Steven Chu may be leaving the post during the next term of the Obama administration. Among those on the list to replace Chu are Ritter; Tom Steyer, a Democrat from California; former North Dakota Sen. Byron Dorgan; Susan Tierney, a former assistant energy secretary; and Steve Westley, a California businessman, according to The Washington Post. More at Hot Air, which notes | Read More »
How Much Do You Pay For Gas?
“The tools we have at our disposal are limited, but I would I say I would give myself a little higher in that since I became Secretary of Energy, I’ve been doing everything I can to get long-term solutions.” – Energy Secretary Steven Chu, on whether he would give himself an A minus on gas prices. The above quote is from a House Hearing this | Read More »
President Obama, Dr. Chu and Their Fracking Whopper
…[It] was public research dollars, over the course of thirty years, that helped develop the technologies to extract all this natural gas out of shale rock – reminding us that Government support is critical in helping businesses get new energy ideas off the ground. – Barack Obama’s 2012 State of the Union Address On Thursday, Energy Secretary Dr. Steven Chu visited the National Energy Technology | Read More »
Max Bialystock and Leo Bloom were pikers compared to the Government’s “Green Energy” schemes. Bialystock and Bloom plotted to make millions with a guaranteed Broadway flop. Against all odds, Springtime for Hitler became a runaway hit, and The Producers went to jail. But at least Mssrs. Bialystock and Bloom produced something of value – a hit musical. Our Green Initiative produces flop after flop, but | Read More »
Fisker Automotive, the Finnish Solyndra
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Lachlan Markay to discuss the latest developments in the Solyndra scandal, get a preview of Steven Chu’s testimony before Congress today, and one of the next Solyndras, Fisker Automotive. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If | Read More »
Energy Secretary Steven Chu to take the fall for Solyndra.
Secretary Chu will take “full responsibility” today for the government’s decision to throw a half-billion’s worth of taxpayer money into a failing energy company, despite its own watchdogs’ recommendations (and the government’s decision to pressure Solyndra into not reporting layoffs until after the ’10 midterms) – while at the same time insisting that nothing untoward occurred. In other words, Chu will not take any kind | Read More »
Nebraska Gov. Heineman to the Left of Obama Administration on Keystone Pipeline
After three years of cumbersome red tape, environmental impact studies, and endless litigation, the Canadian Keystone KL Pipeline extension project is close to obtaining final approval from the State Department. This $7 billion pipeline project, when completed, would transport over 700,000 barrels of oil per day from the Canadian tar sands in northeast Alberta to the hungry oil refineries on the Texas Gulf coast. This | Read More »
Dr. Steven Chu and ‘Common Sense’
Energy Secretary and Nobel Laureate Dr. Steven Chu defends the banning of conventional incandescent light bulbs as a ‘common-sense’ measure that is certainly a ‘win-win’ for consumers. (Caution: Clicking HuffPo links may cause a loss of IQ points.) Overall, consumers will save $6 billion a year from these standards. Here’s another example of how common-sense standards like these have been working for American families for | Read More »
Why Did Obama Open the Strategic Petroleum Reserve?
On Thursday, the Department of Energy announced a release of thirty million barrels of crude oil over the next 60 days from the Strategic Petroleum Reserve, the nation’s stockpile supposedly set aside for emergency supply disruptions. Washington, DC – U.S. Energy Secretary Steven Chu announced today that the U.S. and its partners in the International Energy Agency have decided to release a total of 60 | Read More »
Secretary Chu’s Insidious Economics of Energy
Earlier today, Energy Secretary Steven Chu reiterated his insouciance to the plight of the American consumer of oil and gas. Chu told members of the Senate Budget Committee that there is no need to tap into the Strategic Petroleum Reserves because it will be corrected by spare world oil capacity: “we have spare capacity, we expect naturally that the market forces will take care of | Read More »
Obama Earmarks $1 Billion in Stimulus Money for Company in Illinois
The biggest earmark in American history has been doled out to a company in Illinois, the President’s home state, in the name of green jobs. The President’s $862 billion Stimulus plan has been an abysmal failure. It provided states and localities with billions in bailout moneys, funded wasteful projects like the Monkey cocaine study at Wake Forest and given false hope to Americans that the President has | Read More »
Tags: Air Liquide Process & Costruction
, Ameren Energy Resources
, Babcock & Wilcox
, Clean Air Taskforce
, Department of Energy
, Dick Durbin
, FutureGen Alliance
, President Obama
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