Considering the anti-fossil fuel track record of President Obama and his first-term cabinet members Lisa Jackson (EPA), Steven Chu (Energy Dept.) and Ken Salazar (Interior Dept.), there is no reason to expect that Department of Interior nominee Sally Jewell (photo courtesy Fortune Live Media) would impose a different agenda – especially since the president no longer has to worry about re-election.
While there might not be anything to prevent her confirmation by the Senate, U.S. Rep. Rob Bishop of Utah is weary of the resource development haters the administration keeps producing for its energy and environment regulatory regime. Jewell, the CEO of Recreational Equipment, Inc. (REI) who always tilts for nature preservation rather than human utilization, looks like she would carry on the anti-exploratory and –drilling policies of Obama and Salazar.
“I have some reservations about President Obama’s selection of Sally Jewell,” Bishop, a Republican, said in a statement issued on … Read More ➡
With the revelation that All Nippon Airways replaced defective lithium ion batteries 10 times, Japan Air Lines replaced “quite a few,” and United Airlines replaced “multiple batteries,” in the months preceding the smoke emergency that grounded their Dreamliners, is there anything that can be said about the technology that can overcome its now-horrible reputation?
Boeing has worked on the 787 for 10 years or so, with an ample amount of time to determine what kind of battery technology would be functional with the “super-efficient” jet with “exceptional environmental performance.” Had the Chicago-based manufacturer –and its airline customers – concerned themselves more with achievable plans that built on proven fossil-fuel designs and economic sensibility rather than appeasement of environmental activists, and the accompanying millions of dollars in government subsidies for such, they might not be burning through millions of dollars in costs and lost productivity due to idle airplanes … Read More ➡
A123 Systems has received approval from the Committee on Foreign Investment in the United States for the controversial bankruptcy sale of most of its taxpayer-funded technology and assets to China-based Wanxiang, according to a statement released by subsidiary Wanxiang America Corp.
The authorization was the final major hurdle needed to complete the transaction. A123 had been granted $249 million to refurbish two plants in Michigan for battery production, another $30 million as a subcontractor for another stimulus-funded wind energy storage project, and various other grants and contracts by state and federal governments. But A123’s executives, while making sure their own bank accounts were well-taken care of, ran the company into the ground and now Wanxiang will reap whatever technology value is left, for cheap.
“We’re pleased the government has completed its review and provided us with the go-ahead to finalize this transaction,” said Pin Ni, president … Read More ➡
Now that he’s been forced out as chairman and CEO of Duke Energy, James Rogers is apparently looking for something else to do, and may now be more receptive to the idea of becoming President Obama’s next Secretary of Energy.
The new speculation, primarily from the Charlotte Business Journal, which is based in Duke’s home city, arose following an interview that Rogers did with Bloomberg News while at the World Economic Forum in Davos, Switzerland. Whereas Rogers used to routinely dismiss suggestions that he might be up for a cabinet post, when asked this time by Bloomberg reporter Tom Keene what he would bring to the job if the president asked him to serve, he was unhesitant.
“What I would bring is someone that’s been in the industry a long time and understands the importance of getting the balance right between cheap, affordable energy and meeting our … Read More ➡
The crisis that has enveloped Boeing over the grounded Dreamliner, at a cost of billions of dollars in losses in addition to what has already been “invested” in it — voluntarily by its owner/investors and coercively from taxpayers – exemplifies perhaps more than any other redistributionist corporatism scheme why government intervention is more headache than help.
Pass the industrial-strength Excedrin.
Of immediate concern to the Chicago-based jet-manufacturer is the lithium-ion battery that powers so many of the 787’s critical functions. Two instances of “thermal runaway” on Dreamliners’ owned by Japan-based airlines caused that country, and the U.S. Federal Aviation Administration, to suspend their use pending investigations. Other flaws since July such as cracked engines, damaged cockpit windows, and fuel leaks have compounded concerns.
But the scare factor surrounding the battery is the biggest deal.
“This is an unprecedented event,” said Deborah Hersman, chairwoman of the National Transportation Safety … Read More ➡
Seemingly endless government subsidies and the impetus to “go green” have made a mockery yet again of those who direct their business toward pleasing politicians and activist groups rather than delivering quality products built upon a proven history of performance.
Such is the case with Boeing’s troubled – and now grounded – Dreamliner.
The much-delayed 787 is supposed to be “a super-efficient airplane.” Designed (so Boeing says) in response to airlines’ demands for an energy-saving transport, the Dreamliner provides “unmatched fuel efficiency, resulting in exceptional environmental performance.” Boeing claims it uses 20 percent less fuel than similarly sized planes, in part by making it lighter by using composite materials for 50 percent of the primary structure, including the fuselage and wing. According to Popular Science, the Dreamliner is 80-percent composite “by volume.”
But the main problem Boeing has with the Dreamliner – which has led airlines … Read More ➡
The emails released by the Environmental Protection Agency pursuant to a Freedom of Information Act request, that sought communications under a nom de plume for Administrator Lisa Jackson, only heightened the agency’s obfuscation according to the man who went to court to demand them.
On Monday EPA made public approximately 2,100 emails (far short of the promised 3,000) from Jackson’s disguised account, which she used under the alias “Richard Windsor.” Chris Horner of the Competitive Enterprise Institute, who had discovered the administrator’s fake identity while researching his book The Liberal War on Transparency, said the contents of the messages were unrevealing and contained useless information such as Google alerts and Washington Post news digests. According to CNSNews.com, the release is the first of an expected four batches that is expected to contain 12,000 emails from Jackson’s alternative account.
“Perhaps seeking to take the air out of a growing … Read More ➡
The “fiscal cliff” agreement was not only low-lighted by a wholesale surrender on taxes and spending by the Republicans, but also featured special favors and breaks for recreational industries like film production ($430 million) and motorsports ($70 million), as well as the sector that has been oft-criticized since President Obama entered the White House: renewable energy.
Specifically, while nothing new came through for often-bashed electric automobiles, tax credits (all continuations of credits that were set to expire) were extended to plug-in motorcycles. Buyers are allowed to deduct from their tax bills 10 percent of the cost of the two- (or three-)wheelers, or $2,500, whichever is less. This parallels the $7,500 federal tax credit for four-wheeled electric cars such as the Chevy Volt and Nissan Leaf. The breaks are projected to cost taxpayers $4 million over the next two years.
The cliff aversion perversion also delivered for the … Read More ➡
The past year was a dismal one for the passé idea that government would use taxpayer dollars responsibly, and that was nowhere more evident than with President Obama’s initiatives to promote “clean” energy technology companies and projects with so-called “stimulus” funds and other public money. NLPC reported extensively on some of the most egregious examples.
Solar Favors Don’t Stop Fizzle
Solyndra went bankrupt in 2011, and the reverberations over $535 million in lost taxpayer money were felt throughout 2012. Money still flowed out from the Department of Energy and its stimulus stash, but Congressional Republicans’ scrutiny of big projects – especially in the Loan Program Office –paralyzed some new projects.
The year began with BP, which not long ago downplayed fossil fuels in favor of a “Beyond Petroleum” motto, exiting the solar business despite having received a $7.5 million grant from the U.S. government … Read More ➡
Amidst its ongoing financial problems and search for a “strategic alliance” that it says is not an attempt to sell the company, Fisker Automotive continues to make its current business partners extremely nervous.
In particular are those “investors” that represent the taxpayers of Delaware, who foolishly committed $21 million in public money to the California-based company, in exchange for a promise to take over a former General Motors manufacturing plant to build its next electric car, the Atlantic. But rather than generate thousands of “green jobs,” instead the factory sits dormant while Gov. Jack Markell and the state’s economic development officials stew. And now the state has learned that if Fisker goes belly-up or fails to operate in Delaware, the repayment of the funds it has outlaid is subordinate to the rights of other lenders to get their money back, including the U.S. government.
The problem isn’t just … Read More ➡