Many articles written over the past year have questioned if President Obama will be able to reach his goal of having a million electric vehicles on US roads in 2015. A more important fact has been overlooked. That is, even if we get a million EVs on the roads in four years, we will have done practically nothing to reduce oil consumption in America. To be more specific, we will reduce consumption by approximately 0.15%. Is it worth the billions of taxpayer dollars spent producing controversial vehicles like the Chevy Volt in order to lessen foreign oil dependence four years from now by 0.15%?
The Associated Press has reported that new fires involving the Chevy Volt have prompted NHTSA to open an investigation to assess the risks for the vehicle. Two Volts that had been crash-tested by the government agency recently caught fire or "emitted smoke and sparks." This follows an incident that occurred about 6 months ago when a Volt burst into flames three weeks after a crash-test. Considering that NHTSA delayed informing the public of that incident, will it be possible for an agency of the Executive Branch of government to now give a fair assessment of the risks of a vehicle that General Motors and the Obama Administration have hyped and gambled much credibility (as well as billions of taxpayer dollars) on?
Two weeks ago Texas Gov. Rick Perry made what many formerly mainstream media pundits thought was his crowning debate gaffe in Michigan, when he could not remember the third of three cabinet departments (after Education and Commerce) he would eliminate if he were elected president.
The one he momentarily forgot, the Department of Energy, should have been the first one on his lips.
Every once in a while I come across an article that sheds light on what a boondoggle the green initiatives of the Obama Administration are. The latest evidence comes as General Motors tries to prove high consumer demand for the Chevy Volt as it tries to meet its goal of 10,000 vehicles sold in 2011. The Orlando Sentinel reports that the town of DeLand, FL is buying five Chevy Volts. That is not the disturbing part of the story. The article reports that the town is using taxpayer money it has received from a $1.2 million federal grant that is earmarked partially to help with the purchase of alternative-fuel vehicles and other energy-efficient upgrades, including electrical charging stations at City Hall. From the information I gathered on DeLand, it has a population of about 25,000 people.
A scandal that won’t go away for Duke Energy CEO James Rogers revealed over the weekend, once again, that he will turn over every government rock he can to try to find money to pay for his irrational Green agenda, with reckless disregard for taxpayers and his customers.
Over five months ago, a Chevy Volt that had been crash tested weeks earlier and was sitting in a government storage facility burst into flames. The story was just recently reported by news outlets like the New York Times, a source that certainly can not be accused of being on a right wing witch hunt to discredit electric cars. The Chevy Volt has been very controversial with questions raised regarding the rush to electrify America's auto fleet at the expense of taxpayers, particularly when the main player in the field is an entry of Government Motors. The latest question that has yet to be asked is, "why did NHTSA delay reporting the spontaneously combusting Volt?"
Submitted by NLPC Staff on Thu, 11/10/2011 - 11:11
Has Julius Genachowski, the Chairman of the Federal Communications Commission (FCC), met his match in Senator Charles Grassley (R-Iowa)? Genachowski, a buddy of President Obama from Harvard Law School, has brought a culture of wheeling and dealing to the FCC, on whose decisions billions of telecom dollars often ride.
Grassley says that he will hold up two nominations for the Federal Communications Commission (FCC) until the Commission provides documents that he has requested relating to LightSquared, a broadband company owned by the Harbinger Capital hedge fund.
General Motors reported disappointing earnings yesterday and share price fell over 11% (compared to about 3% for broader markets) to $22 and change, down 33% from its IPO offering at $33 about a year ago. Taxpayers saw a paper loss of over $1 billion on their "investment" in just one day. Individual investors may have been confused by initial headlines that trumpeted an earnings beat by GM at the same time that pre-market share price signaled that the earnings report was a disappointment. Let's take a look at what drove the move as well as where GM may be heading.
On Monday NLPC’s Mark Modica smartly called into question Consumer Reports’ sudden change in opinion about the electric hybrid Chevy Volt from a vehicle that they once believed “doesn’t seem to make a lot of sense,” to one the publication recommends. The next day, however, CR delivered an online review of the major all-electric vehicle on the U.S. market – the Nissan Leaf – and while not intended to be scathing, the account given by reviewer Liza Barth makes the car sound so unappealing, she should have panned it outright.