It Never was “All-of-the-Above” Energy
The White House released this slick, Hollywood-style video clip over the weekend. It sets the stage for a major climate change address at Georgetown University on Tuesday.
The President is now, officially, out of the closet. President Obama is a fossil fuel denier.
Obama’s discarded campaign promise of an “all-of-the-above” energy strategy served its electoral purpose well. Now its gone.
Under the mantle of catastrophic human-caused climate change, President Obama is using the EPA to wage, by fiat, an all-out war against the fossil fuel industry. He can’t be stopped.
His first target: Coal.
This newest effort is another example of a distressing trend with this Administration.
Though well-intentioned, the Executive branch is imposing its will by side-stepping the Constitution’s separation of powers provisions. Those provisions are specifically designed to prevent to much power being concentrated into any one branch of government.
The New Beginning
Apparently, having forgotten he’s already tackled this issue before, in the video President Obama proposes a new effort to include:
- Scientists will be needed to design new fuels
- Farmers to grow them
- Engineers to devise new sources of energy
- Workers to build the foundation for a clean energy economy
Taxpayers, of course, will fund those new efforts through taxes and higher energy costs.
It is also reported that formal approval will be given for EPA to set rules to retrofit existing coal powered electric plants with expensive new and untested technologies. It will purposely put existing plants out of business. New ones are not being built.
The Losses Mount
All told, in Obama’s previous green energy efforts, at least 41 government-supported companies have went bankrupt or are in serious trouble.
Taxpayer losses may be upwards of $7.5 billion, so far.
Among those taxpayer-supported companies are:
Evergreen Solar, SpectraWatt, Solyndra, Beacon Power, Nevada Geothermal, SunPower, First Solar, Babcock and Brown, EnerDel’s subsidiary Ener1, Amonix, Fisker Automotive, Abound Solar, A123 Systems, Willard and Kelsey Solar Group, Johnson Controls, Schneider Electric, Brightsource, ECOtality, Raser Technologies, Energy Conversion Devices, Mountain Plaza Inc., Olsen’s Crop Service and Olsen’s Mills Acquisition Company, Range Fuels, Thompson River Power, Stirling Energy Systems, Azure Dynamics, GreenVolts, Vestas, LG Chem’s subsidiary Compact Power, Nordic Windpower, Navistar, Satcon, Konarka Technologies Inc., Mascoma Corp.
In a San Francisco Chronicle interview, former Energy Secretary Stephen Chu, who orchestrated the green energy failures, predicts there will be more bankruptcies. Chu says it is all part of the pain of transitioning into a brave new energy future.
Many have heard of Solyndra, A123 Systems, Johnson Systems and a few other spectacular bankruptcies. They are companies personally endorsed by the President or run by major Obama campaign donors.
Most folks haven’t heard of three solar energy companies named Brightsource, First Solar and Sunpower. Together the three are poised to cost taxpayers up to $4.2 billion in government loan guarantees. They just haven’t officially went bankrupt yet. Solyndra, by comparison, lost $535 million.
The President’s energy plan was never an “all-of-the-above” strategy.
Not even close. That is obvious in Obama’s 2011 energy policy plan called, “Blueprint for a Secure Energy Future“, that guides government policy.
Since President Obama took office, production of oil and natural gas on federal lands has been cut. They were cut even further in 2012. Permit approvals have been slashed.
Despite that, in 2012 U.S. oil production was the highest in U.S. history due to private-sector investments! Fortunately, more natural gas is taking up the slack from government restricted coal-fired electric power plants. So many have been replaced that the U.S. has significantly reduced its CO2 emissions. Cheap natural gas is the driving force.
The President will brag that wind and solar energy production has doubled under his administration. What he won’t say is that it is only a tiny fraction of overall energy production and outrageously expensive.
The President is driven by his personal climate views. Through the EPA, Obama is using executive orders to usurp the separation of powers in order to destroy a whole energy sector. Next, he will take on the other non-green energy sectors at enormous taxpayer cost.
When Executive Branch abuse of authority becomes commonplace, as in this Administration, then tyranny is only a baby step away.