Scorecard: Solyndra vs. Konarka
In a move that they’ll surely regret, the Obama campaign has called attention to a “green energy” loan to Konarka Power Plastic of Lowell, MA while Mitt Romney was governor. They have accused Romney of hypocrisy in his criticism of the Obama Administration’s DOE loan guarantee to Solyndra and other “green energy” firms. Here’s how the two loans panned out: Obama Romney Failed Green Company | Read More »
Energy: Dejà Vu at the SOTU
We’ve heard it all before, except now the message has been repackaged to deal with the evolving reality in the Energy Sector. In “fossil fuels”, we have two big success stories: the Shale Revolution and the continued success of domestic oil development. What we didn’t hear much about was rebuilding the economy based on Green Jobs. The new Green Economy had more than a few | 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 »
Karma’s a Botch.
Last week, we heard about the Fisker Karma, the new electric vehicle being built in Finland using a $529 million loan from U.S. taxpayers. Beneficiaries of this deal include one Albert Gore, partner in the “green” venture capital firm Kleiner Perkins Caufield & Byers. Now Forbes contributor Warren Meyer weighs in with an analysis of the Karma’s true energy efficiency, rate in miles-per-gallon equivalent according | 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 »