by Dr. Roy Cordato
Senior Economist, Emeritas
Weekly John Locke Foundation research division newsletter focusing on environmental issues.
The newsletter highlights relevant analysis done by the JLF and other think tanks as well as items in the news.
1. Obama’s Green Energy Failure List
This article at the Green Corruption blog is the best I’ve seen in chronicling the Obama administration’s failures in subsidizing so called green energy products, primarily with money from the economy-destroying stimulus package of 2009. It goes on to demonstrate the "crony" nature of these programs and how Obama has dolled out other people’s money with the purpose of rewarding his friends.
The article is basically a summary of extensive research done by the author Christine Lakatos and energy policy expert Marita Noon. As Lakatos notes:
23 bankrupt, 27 troubled, equals a new "Obama green-energy failure" list total of 50. At least $15 billion of "green" taxpayer money is either gone or still at risk, and the majority was funneled to Obama and Democrat cronies — percentage of cronyism is hoovering around 60% (29 of the 50), until I have time to dig further.
This article is an encyclopedic reference for those who want to keep track of the details of how the president has been abusing his power and using the environmental movement to run interference for his own personal benefit and for the benefit of political donors.
Here is a list of just those companies that have failed. As noted, the article goes way beyond this, listing those recipients of green stimulus money that are also in trouble and may soon fail.
2. To follow on the data, a great analysis
Writing for the Huffington Post (of all places), energy economist Dr. Rob Bradley, CEO and founder of the Institute for Energy Research, has an insightful analysis of the politics of Obama’s green energy agenda. Bradley sums it up as follows:
Obama’s energy policy allocates taxpayer monies to time-disproven "green" (perpetually green?) technologies in a special-interest ruse.
Two special interests are benefitting from an energy policy that results in higher energy prices, less energy reliability and rising federal deficits. One is politically connected business that "rent-seek" in political venues. The profitability of ethanol, wind power, (off-grid) solar power, and electric cars is all about such special political favor, not underlying consumer demand. The second beneficiary is agenda-driven environmentalists who remain stuck to ecologically controversial energies to limit the natural growth of free-market capitalism.
No longer are the best energies determined by their BTU content, cost and chemistry; rather, the energy mix is stacked by lobbyists and politicians who tout "all of the above" so that the worst can edge-in with the best. Today, between four and five percent of U.S. energy is politically enabled rather than market-determined.
3. Ozone Report
The 2012 ozone season began on April 1 and each week during the ozone season this newsletter reports how many, if any, high ozone days have been experienced throughout the state during the previous week, where they were experienced, and how many have been recorded during the entire season to date. The ozone season ends on October 31. All reported data is from the North Carolina Division of Air Quality, which is part of the state’s Department of Environment and Natural Resources.
During the period October 22 to October 28 there were no reported high ozone readings on North Carolina’s ozone monitors. Since the beginning of the ozone season there have been 111 high ozone readings over 16 days on North Carolina monitors.
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