Windbag Energy

Obama’s Amazing Energy Spin Machine

“The bankruptcy of Ener1, a “green energy” firm that got a $118 million stimulus grant, has brought the Obama administration’s commitment to sinking billions of dollars into alternative energy boondoggles back into the spotlight. Unfortunately, President Obama remains committed to continuing down this wasteful path, as his statements about energy in his recentState of the Union Address made clear. While the president spent more time on the topic than any other policy area, he distorted the facts, misrepresented his plans, and ignored his record.

“The president insists that it’s time to “double-down on a clean energy industry that’s never been more promising. Pass clean energy tax credits and create these jobs.” Double-down on a slew of bankrupt clean energy investments? In addition, Ener1, Evergreen Energy, and Amonix — all of which received millions of taxpayer dollars — have either gone bankrupt (as Enr1 and Evergreen have) or cut their workforce by two-thirds (as Amonix has). And let’s not forget Solyndra.

“The president made it clear that no Congress will stop his agenda. “So far, you haven’t acted,” he told Congress. “Well tonight, I will…. I’m proud to announce that the Department of Defense, the world’s largest consumer of energy, will make one of the largest commitments to clean energy in history — with the Navy purchasing enough capacity to power a quarter of a million homes a year.” The role of the Defense Department isn’t to promote the president’s energy investments, it’s to defend the United States. Forget energy independence — our defense will now be weather dependent. If only we could get battleships that ran on spin.”

Read the whole thing.

The U.S. Navy has been running with a lot of clean energy for decades with its nuclear powered aircraft carriers and submarines.

The Chevy Volt cannot be considered a green energy alternative since the electric charge it needs, every 35 miles, after which it switches to its gasoline engine unless it gets another electric charge, comes from electricity generated mostly at coal-fired plants.  Thus, the Volt is really not an electric car — it’s a coal-burning car.  Adding in the cost to taxpayers for every Chevy Volt sold is not just a coal-burning car, it is burns taxpayer dollars at such a rate is has to be considered the most costly green energy failure ever.  The Mackinac Center for Public Policy just released a study showing that by the time all federal and state loans, grants, subsidies, and tax credits are figured in, each Chevy Volt costs taxpayers upwards of $250,000.  Obama Motors predicted they would sell 10,000 volts in 2011, but as of December 19th they were over 4,000 units short of the goal.  Good thing, considering how much the Federal deficit increases every time someone buys a Volt.

Obama constantly talks about Federal subsidies to the fossil fuel industry and how they should be stopped.  He’s right, there are subsidies and they should be eliminated like all the rest of the Federal subsidies.  But even on this he cannot tell the truth.  First of all, subsidies to the fossil fuel industry are dwarfed by the subsidies that go for green energy boondoggles.  Moreover, the bulk of those subsidies do not go to the oil and gas industry but to the Federal government’s clean coal energy program.  Obama could stop those at any time, but he’d rather have the issue to feed into his amazing spin machine.

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