Posts tagged “Solyndra”
Republicans pass the “No More Solyndras Act”
The Republican Party pushed a bill through the House that would eliminate ongoing federal loan guarantees that exist as a part of President Barack Obama’s economic stimulus package, enacted shortly after he assumed office in 2009. While the bill has no hope of successfully passing through the Democrat-rich Senate, it does stand to highlight one of the major shortcomings in Obama’s presidency mere months before he attempts to earn a second term in office.
Passing on a mainly party-line vote at 245-161, the bill would require the United States Treasury to review and approve any further loans given through the energy sector stimulus funds while reiterating the law that forbids subordinating loans, allowing for private investors to be repaid before the government.
In my list of Top 10 Energy Related Stories of 2010, I made three predictions for 2011. Those predictions were: I believe high oil prices will continue to put a strain on the economies of oil-importing nations. I expect that we will see oil prices once again head above $100 per barrel, although I expect the annual average for 2011 to be below $100 because of sluggish economies. I also expect that the bills are going to start coming due for some of the high profile ‘next generation’ biofuel producers, and that we will see bankruptcies from some of the companies I have discussed in this column. In hindsight, those predictions look pretty tame. However, bear in mind that oil… Continue»
This week on R-Squared we have a guest post by Steven Pleging. Mr. Pleging is CEO/President of Quantum Solar Power Corp. I am in general agreement with the points made below; in fact I reiterated several times at this year’s ASPO conference that I believe solar power will be the renewable sector that makes the biggest long-term impact in our effort to wean away from fossil fuels. Since I wrote A Solar Thought Experiment in 2007 (and the follow-up Replacing Gasoline with Solar Power), prices for solar PV have plummeted and made my pricing assumptions obsolete. In the thought experiment(s) I calculated the area required to equal all U.S. electrical generating capacity (and later gasoline consumption) with solar power. Of… Continue»
This Week in Energy is a weekly round-up of news making headlines in the world of energy. Most of these stories are posted throughout the week to our Energy Ticker page. The purpose is to stimulate discussion on energy issues. Community members should feel free to turn these into open thread energy discussions. Suggestions and news tips are welcome. I (Sam) can be reached at editor [at] consumerenergyreport [dot] com. Reporting from the Gasification Technologies Conference This week Robert Rapier attended the 2011 Gasification Technologies Conference. This conference covers developments for converting coal, natural gas, and biomass to power and liquid fuels via gasification. Robert provided some updates from the conference on Twitter (@RRapier), including: Shell’s 140,000 bpd Pearl GTL… Continue»
This Week in Energy is a weekly round-up of news making headlines in the world of energy. Most of these stories are posted throughout the week to our Energy Ticker page. The purpose is to stimulate discussion on energy issues, and community members should feel free to turn these into open thread energy discussions. Suggestions and news tips are welcome. I (Sam) can be reached at editor [at] consumerenergyreport [dot] com . Military and DoE Studies According to a new study: From Barracks to Battlefield: Clean Energy Innovation and America’s Armed Forces [PDF], by Pew Charitable Trusts, the U.S. Defense Department could spend upwards of $10 billion annually on alternative energy by the year 2030. The DoD spent $15.2 billion… Continue»
For the past few months, the normal schedule on R-Squared Energy has been altered in order to ease Robert’s load so he can devote more time to writing chapters for his book on energy, slated to be published sometime next year. Instead of the customary twice-weekly essays written by Robert, we accepted guest articles once per week to keep the blog filled with fresh content while Robert published one essay (and sometimes two) of his own per week. While we still welcome guest post submissions, our plans moving forward are to cut down on how often we publish them. What we’re kicking off now is a weekly segment that will cover the stories of the week making headlines — and… Continue»
Hug the Green Industry, Kill Big Oil When Barack Obama was campaigning for president, I thought he displayed a “comic book” view of the energy industry: Lots of stereotypes of the good guys and the bad guys. He would support the good guys (those who aspired to produce renewable power) and deal with the bad guys (those who were actually supplying the fuel that allowed him to campaign across the country). If he was elected president, there would be green jobs galore, and we would embark upon a major transition away from fossil fuels. He seemed to believe that our high level of dependence on fossil fuels was more due to policy reasons than economic reasons, and the country needed… Continue»