Posts Tagged ‘green energy’

What really drives anti-fracking zealots?

Monday, September 22nd, 2014

Source:  SPPIBryce WSJ

They want to end fossil fuels and capitalism, control our lives and impose eco-utopia

by Paul Driessen

Recent news stories underscore the tremendous benefits brought by America’s fracking revolution.

* The shale oil production boom could boost US crude production to 9.5 million barrels of oil per day (bopd) next year, reducing America’s crude oil imports to 21% of domestic demand, the lowest level since 1968. Output from fracked wells represents 43% of all US oil production and 67% of natural gas production; “frack oil” could hit 10 million bopd by 2016, the Energy Information Administration says.

* The global economy saves $4.9 billion per day in oil spending because of the shale oil boom. Without it there would be a 3 million barrel per day shortfall and prices would likely be 55% higher: $150/barrel. (more…)

New paper at SPPI: Killing Wildlife in the Name of Climate Change

Saturday, March 1st, 2014

Source: SPPIBryce

by Robert Bryce

The facts show that federally subsidized efforts that are being undertaken to, in theory, address climate change, are damaging America’s wildlife. Furthermore, those same efforts have, for years, been allowing an entire industry to avoid federal prosecution under some of America’s oldest wildlife laws.

The Fundamental Limitations of Renewable Energy

Sunday, August 11th, 2013

Source: the energy collective

Many people still think that it will not be long before renewable energy such as solar and wind becomes outright cheaper than fossil fuels, thereby leading to a rapid expansion of the thin orange slither in the graph below. This is an ideologically very attractive notion, but, as discussed in this article, it is questionable whether this is in fact physically possible.

Global primary energy by source

So, what does renewable energy have to accomplish before it can compete with fossil fuels in an open market? Well, in short, we will have to overcome the diffuse and intermittent nature of renewable energy more efficiently than we can overcome the declining reserve qualities and unrefined nature of fossil fuels.

In other words, renewables need to overcome the following two challenges in order to displace fossil fuels in a fair market: (more…)

Administration Denies Reality at Fisker Congressional Hearing

Thursday, April 25th, 2013

Source: National and Legal Policy Center

As the Department of Energy seized the last of Fisker Automotive’s reserves in lieu of an unknown amount that it was due to repay this week, what’s left of the lame electric automaker clings to the slim hope it can survive. (more…)

President Obama’s Taxpayer-Backed Green Energy Failures

Friday, February 1st, 2013

Source: Heritage Foundation   
Obama-Solar-Panels-3-2012

It is no secret that President Obama’s and green-energy supporters’ (from both parties) foray into venture capitalism has not gone well. But the extent of its failure has been largely ignored by the press. Sure, single instances garner attention as they happen, but they ignore past failures in order to make it seem like a rare case.

The truth is that the problem is widespread. The government’s picking winners and losers in the energy market has cost taxpayers billions of dollars, and the rate of failure, cronyism, and corruption at the companies receiving the subsidies is substantial. The fact that some companies are not under financial duress does not make the policy a success. It simply means that our taxpayer dollars subsidized companies that would’ve found the financial support in the private market. (more…)

Bailed-out BOA returns favor to Uncle Sam’s renewables

Friday, June 22nd, 2012

Source: Wash Times

Banking on green energy

How do you know a bank is in trouble? When it suddenly jacks up fees or imposes new ones capriciously, that’s usually a flashing red light. For example, last year, Bank of America (BOA) suddenly announced it would charge customers a $5 fee for using their debit cards. Though the bank backed off that plan after a public outcry, the Wall Street Journal reported in March that the bank was still considering requiring “many users of basic checking accounts to pay a monthly fee unless they agree to bank online, buy more products or maintain certain balances.”

As if that weren’t bad enough, earlier this year, mortgage giant Fannie Mae, that paragon of fiscal prudence, announced it was cutting off Bank of America from selling loans because the bank was failing to honor repurchase requests in a “timely” fashion. When an institution that contributed to the 2008 financial meltdown with its profligate lending calls you out, you know you’ve got problems. (more…)

Renewable Energy Threatens To “Ruin” Germany: “A Tsunami Of Costs”

Tuesday, June 19th, 2012

Source: http://thegwpf.org/

While Ivy league pundits sit comfortably in their intellectually sanitized world of academia and discuss the possible virtues and boldness of Germany’s fast-track energy transition to renewable energy (80% less CO2 by 2050), Germany’s media, business and political leaders are now sounding the alarms for disaster.

FOCUS cover story title: “Energy End! Why it it unaffordable and threatens to ruin the country.”

This week’s cover story of Germany’s print news magazine FOCUS carries the title:Energy End. If you can read German, by all means pick up a copy.

One year ago Germany, in a fit of hysteria, ordered 8 nuclear power plants closed immediately and the remaining 9 closed by the year 2022. By 2050 it’s energy supply must be at least 80% supplied by renewable sources – costs be damned. (more…)

More Coal, More Gas, More Nuclear German Government May Abandon Green Energy Transition

Tuesday, June 19th, 2012

Source: CCNet

The German government no longer believes in the green energy transition. Doubts are growing in the ruling coalition government that the ecological project can succeed.  Berliner Morgenpost, 27 May 2012

Rising electricity prices are a growing worry for North Rhine-Westphalia’s Prime Minister Hannelore Kraft (Social Democrats, SPD). “I am very concerned about the competitiveness of our energy-intensive industry,” Kraft told the newspapers of the WAZ-Group. For many industries, including chemical, steel, aluminium or cement, the electricity price is a key cost factor. The SPD politician pleaded for the construction of new coal-fired power plants. “We will continue to need fossil fuel plants as a bridge technology,” she said. After all, the Social Democrats had strengthened their vote in the recent state election because of the SPD’s very aggressively support for industry. –Die Welt, 25 May 2012 (more…)

First Solar’s Crony Socialism is a Big Failure

Thursday, June 14th, 2012

Source: NLPC

by Paul Chesser

Renewable-loving Los Angeles is showing that even the power of billions of dollars in taxpayer “stimulus” cannot overcome the dominant hand of government regulation, and ironically it’s costing President Obama more green jobs.

One of the darlings of the Department of Energy’s Loan Guarantee Program, First Solar, has seen its stock price take a drubbing, laid off thousands of workers, and left its leadership – with significant influence from Walmart’s Walton familyscrambling to save the company. The latest stumble has led to another setback of worker inactivity at First Solar’s Antelope Valley Solar Ranch One project in California, approximately 75 miles north of downtown Los Angeles, despite $646 million in taxpayer-guaranteed loans. At issue is a disagreement with Los Angeles County safety inspector over electrical installations and whether they meet standards. (more…)

The sorry lessons of green-power subsidies

Tuesday, May 1st, 2012

Source:  http://www.theglobeandmail.com/report-on-business/the-sorry-lessons-of-green-power-subsidies/article2417284/

A recent study, co-authored by Fraser Institute energy economist Gerry Angevine, found that Ontario residents will pay an average of $285-million more for electricity each year for the next 20 years as a result of subsidies to renewable energy companies.

By the end of 2013, Ontario household power rates will be the second-highest in North America (after PEI), and they will continue to accelerate while they level off in most other jurisdictions. Even more alarming for Ontario’s economic competitiveness, businesses and industrial customers will be hit by almost $12-billion in additional costs over the same period.

Such is the legacy of the provincial government’s 2009 decision to establish feed-in rates, ranging from 44.5 cents to 80.2 cents per kilowatt-hour (kWh) for solar power, and 13.5 cents/kWh for wind power. These solar feed-in rates average 11 times the 5.6 cents/kWh paid for nuclear-generated power, and 18 times the 3.5 cents/kWh for hydro-generated power. The wind-power rates are more than twice as high as nuclear, and four times those of hydro. (more…)

Bankrupt Solyndra Caught Destroying Brand New Parts

Friday, January 20th, 2012

Source: CBS

FREMONT (CBS 5) — 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 week. They are the latest, most cutting-edge solar technology, and they are being thrown into dumpsters.

Forklifts brought one pallet after another piled high with the carefully packaged glass. Slowly but surely it all ended up shattered.

And it’s not a few loads. Hundreds of thousands of tubes on shrink-wrapped pallets will meet a similar demise. (more…)

Former CFO of ‘green’ group pleads guilty to fraud

Thursday, September 15th, 2011

Source:  WSMV-TV

NASHVILLE, Tenn. (AP) – The former chief financial officer of a Knoxville nonprofit group that promotes energy from renewable sources has pleaded guilty to skimming federal funds.

Cameron J. Potter worked for the Southern Alliance for Clean Energy.

Assistant U.S. Attorney Frank Dale told U.S. District Judge Thomas Phillips on Tuesday that Potter concocted a scheme in 2006 to skim $400,000 in Department of Energy grant money by creating phony invoices – a plot that he carried out for three years.

In a plea agreement, Potter pleaded guilty to fraud and money laundering, according to The Knoxville News-Sentinel (http://bit.ly/nErcg7).

Potter must also reimburse the government with money from him personal and retirement accounts. He will be sentenced in January.

The group he worked for is a critic of TVA’s coal-fired power plants.

 

Information from: The Knoxville News Sentinel, http://www.knoxnews.com

Questions posed for Kerry, Lieberman on new climate-energy bill

Thursday, May 13th, 2010

Source:  CFACT

The new Kerry-Lieberman climate bill mandates a 17% reduction in US carbon dioxide emissions by 2020. It first targets power plants and refineries that provide reliable, affordable electricity and fuel for American homes, schools, hospitals, offices and factories – and then, in six years, further hobbles the manufacturing sector itself.

The House-passed climate bill goes even further. It requires an 80% reduction in CO2 emissions by 2050. Once population growth and transportation, communication and electrification technologies are taken into account, this translates into emission levels last seen around 1870!

House Speaker Pelosi says “every aspect of our lives must be subjected to an inventory,” to ensure that America achieves these emission mandates. This means replacing what is left of our free-market economy with an intrusive Green Nanny State, compelling us to switch to unreliable wind and solar power, and imposing skyrocketing energy costs on every company and citizen.

Meanwhile, the Environmental Protection Agency is implementing its own draconian energy restrictions, in case Congress does not enact punitive legislation.

It’s time to ask these politicians some fundamental questions. (more…)