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Three counties have a solution to salvage an $88-million-dollar solar project that went bust: borrow more millions to pump into the project and hope it will eventually turn a profit and ease the pain to taxpayers, officials said.
Some officials view the solution as damage control. Others are calling it a repeat of a mistake, one they will fight to avoid.
Freeholders in Sussex, Morris and Somerset counties will vote on settlement agreements this week that would end multiple lawsuits and get the projects back on track, officials said.
It couldn't make money when it cost $88 million. So obviously the "solution" is to pour even more money into it!
Did these clowns fail math?
Of course they did.
In a deal that will be "nearly identical" to one in Morris and Somerset, Sussex will pump millions into the settlement and take over its part of the solar development, according officials.
Sussex plans to borrow $7 million, buying its own bonds using an emergency reserve account from the sale of a county-owned nursing home in 2012, said county officials.
In the Real World, we call that "throwing good money after bad."
In government, they call that "Tuesday."
The concept behind the massive solar project sounded simple enough: borrow $88 million to install panels on public buildings in Morris, Somerset and Sussex counties and then sell excess electricity, using the revenues to pay off the debt.
The concept was called the "Morris model," held up nationally as an example of how to produce renewable energy through public-private partnerships. It was the second project of its kind and the previous one was hailed as a success.
But now, nearly four years later, taxpayers could be on the hook for tens of millions of dollars the counties owe bondholders, after work ground to a halt amidst cost overruns and lawsuits.
What's more, the $88 million that must be repaid to bondholders could cause "unmitigated disaster" to the three counties, according to court filings.
The ambitious plans called for a developer, SunLight General, to use $88 million in borrowed money to erect thousands of solar panels atop schools and other public buildings in the three counties. They would repay the counties with the future solar revenues and local governments would get cheaper electricity.
Except, and this is the key part, they weren't actually selling electricity.
Nope, they were selling tax credits. And it turns out, the market for those tax credits dried up.
But the market for state solar-energy tax credits -- a key part of the deal -- plummeted in the months after the deal was struck. Cost overruns mounted, and the developer and contractor became embroiled in a dispute that ended in lawsuits, according to court papers. Work ground to a halt. And while the projects in Somerset were mostly completed, only about half were completed in two of the counties, Morris and Sussex.
Green energy is simply not viable without taxpayer subsidies. The subsidy either comes on the front-end via tax credits, or on the back-end as we see here. Either way the taxpayer is left holding the bag just so the ecotwits can smugly preen in their coal-powered Priuses.
There's a reason private enterprise won't build these boondoggles without government guarantees. They're too risky, and the potential returns too meager. Remember Solyndra? Or the myriad failures of wind power?
Meanwhile environmental groups like the Sierra Club raise hundreds of millions of dollars from their deluded supporters, which they use to lobby government into wasting tax dollars on green energy. Here's an idea. They should put up their own damn money. Pledge their $88 million instead of mine. Walk the walk. Stop blowing smoke up my ass.
They won't, of course. Because they're not stupid, and they know that green
energy is Teh #Fail.
Climate change, it's not about saving the planet. It's about wealth transfer.
Barack Obama will announce a three billion dollar taxpayer funded US contribution to the world climate change fund.
The pledge is directed to the Green Climate Fund, a financial institution created last year by the United Nations with headquarters in Seoul, South Korea. It comes ahead of a Nov. 20 climate meeting in Berlin, at which countries have been asked to make formal commitments to the fund.
In particular, the world's least developed economies insist that the world's richest economies — which are also the largest greenhouse gas polluters — must commit to paying billions of dollars to help the world's poorest adapt to the ravages of climate change.
By "adapt" they mean, of course, line their pockets with our money.
In Obama's lefty worldview, it's like reparations for colonialism, only better.
And $3 billion is merely the down payment.
At a 2009 climate change summit in Copenhagen, then-Secretary of State Hillary Rodham Clinton pledged that by 2020 the United States would help mobilize $100 billion, through a combination of public aid and private investments, to flow annually from rich countries to poor countries to help the poor economies deal with climate change.
$100 billion dollars of our money. Annually. Flowing into the pockets of Third World shithole dictators everwhere! It'll certainly change their, uh, "climate." For the better, I'm sure.
But I guarantee it won't do Thing One to change the weather.
Rep. Hank Johnson, please call your office.
According to the European Space Agency, Climate Change is altering the Earth's gravitational field, which, if we're not careful, could quite possibly disrupt the balance of, well, everything.
Gravity — yes, gravity — is the latest victim of climate change in Antarctica. That's the stunning conclusion announced Friday by the European Space Agency.
"The loss of ice from West Antarctica between 2009 and 2012 caused a dip in the gravity field over the region," writes the ESA, whose GOCE satellite measured the change. Apparently, melting billions of tons of ice year after year has implications that would make even Isaac Newton blanch.
To be fair, the change in gravity is very small. It's not like you'll float off into outer space on your next vacation to the Antarctic Peninsula.
We've gotta watch out! And Do Something, Dammit!. Because even minute changes in gravity could be problematic for a small, precarious island like Guam.
In a discussion regarding a planned military buildup on the Pacific island, [Rep. Hank] Johnson [D-Ga.] expressed some concerns about the plans to Adm. Robert Willard, head of the U.S. Pacific fleet.
"My fear is that the whole island will become so overly populated that it will tip over and capsize," Johnson said. Willard paused and replied, "We don't anticipate that."
Who knew Climate Change could be so dangerous?
As for the melting sea ice, it's reappearing elsewhere, faster than it's been melting.
So Guam is probably safe. For now.
Dear Leader's new CO2 cap-and-trade plan will reduce your electricity rates. Honest!
In a sweeping initiative to curb pollutants blamed for global warming, the Obama administration unveiled a plan Monday aimed at cutting carbon dioxide emissions from power plants by nearly a third by 2030. But it delays the deadline for some states to begin complying until long after President Barack Obama leaves office.
Obama, in a conference call hosted by the American Lung Association, said the plan would both shrink electricity prices and protect the health of vulnerable Americans. He scolded critics who he predicted would contend anew that the limits would crush jobs and damage the economy.
"What we've seen every time is that these claims are debunked when you actually give workers and businesses the tools and the incentives they need to innovate," Obama said.
In other words, if you like your electricity rates, you can keep your electricity rates.
Until… Oh, I don't know, until you can't. Maybe, right after you couldn't keep your doctor. Or your health insurance plan. Because, you know every one of Obama's promises comes with an expiration date.
There is no universe where green-energy boondoggles like windmills and solar and biomass are cheaper to operate than coal-fired power plants. None. It's physics. The energy density of coal (and oil and natural gas) exceeds that of anything other than perhaps uranium or thorium.
He's not gonna build any new nuclear plants.
So yeah, your electricity bill is going to
necessarily skyrocket. And the poor folks in West Virginia and Kentucky
who depend on coal for their livelihood? They're screwed. But the tree-hugger
Hollyweird elites are happy, and really, who else does Obama care about?
Checks and Balances? Yeah, we don't have those.
Congress said "no" to Cap and Trade. Which of course didn't sit well with the Globull Warming whackos. So Obama's EPA plans to thumb its nose at the Constitution and impose limits on CO2 by regulatory fiat.
Despite being soundly rejected a few years ago, cap-and-trade will soon get its U.S. encore — but not in Congress. The Obama administration will likely use its executive power to unilaterally impose carbon dioxide emissions trading systems.
The Environmental Protection Agency will unveil regulations for existing U.S. power plants early next month. For months, onlookers have been speculating about what could be included in the EPA's rule for existing power plants.
But over the past few days it has become clear that the Obama administration will use the EPA to push cap-and-trade systems and other anti-fossil fuel policies on U.S. states. Administration insiders have told news outlets that cap-and-trade will likely be one of the options the EPA gives states to cut their carbon dioxide emissions.
The Wall Street Journal reported the EPA's proposal will "include a cap-and-trade component where a limit is set on emissions and companies can trade allowances or credits for emissions" to meet new federal rules. The Journal added that power plant "operators could trade emissions credits or use use other offsets in the power sector, such as renewable energy or energy-efficiency programs, to meet the target."
Your electricity rates will necessarily skyrocket.
News reports say that the EPA will require states to reduce their carbon dioxide emissions from power plants by a whopping 25 percent in the coming decades. The new rules are set to be unveiled next week by President Obama himself, underpinning the significance of the new rules.
The EPA's emissions limits for existing power plants will put new burdens on coal-reliant states and raise electricity prices as more coal plants are retired. The U.S. Chamber of Commerce is set to release a study on the economic costs of the EPA's carbon dioxide regulations, which will likely be staggering.
"We anticipate it to be unprecedented in complexity and cost," Dan Byers, senior director for policy for the U.S. Chamber of Commerce's energy arm, told an audience last week.
Obama will keep us poor, cold, and in the dark.
The price tag? $50 billion a year. Along with 224,000 lost jobs.
The nation's biggest business lobby says President Barack Obama's plan to tackle climate change could cost the U.S. economy $50 billion a year.
The U.S. Chamber of Commerce and Natural Resources Defense Council are both releasing economic impact studies this week, signaling that the political battle over the president's plan will be fought over dollars and cents. For Obama, the risk is the plan gets labeled a job-killer just as campaigns heat up for an election that could determine control of the U.S. Senate.
In an analysis set for release today — days before the Environmental Protection Agency unveils a proposal to cut carbon dioxide emissions from power plants — the Chamber says that an ambitious pollution-control effort could force more than a third of the coal-fired power capacity to close by 2030, resulting in economic losses of $50 billion a year and the elimination of 224,000 jobs.
Meanwhile Globull Warming is on hold for the past 18 years, and counting.
And the climate models being used to justify the economy-killing initiative can't even accurately predict past temperature changes, nevermind what's going to happen in the future.
But Obama's True Believers won't be stopped. They work for the EPA. The Employment Prevention Agency. Where the motto is: Science is Truth, don't be misled by Facts. Especially the rather painful fact that our economy is still teetering, and yet another job-killing boondoggle is the last thing we need right now.
Unless, of course, your goal is to
destroy America. Then, everything is going according to plan.
Green energy costs the taxpayers a lot of green.
The Department of Defense paid $150 per gallon for alternative jet fuel made from algae, more than 64 times the current market price for standard carbon-based fuels, according to a report released on Wednesday.
The Government Accountability Office noted in its report that a Pentagon official reported paying "about $150 per gallon for 1,500 gallons of alternative jet fuel derived from algal oil."
Regular jet fuel runs about $2.88 per gallon. Which leads GAO to drily conclude … "Currently, the price for alternative jet fuels exceeds that of conventional jet fuel."
Ya don't say!
Left out of the GAO report is why the Pentagon is buying this overpriced snake oil in the first place.
Did you guess Obama Administration mandate?
Of course you did.
Barack Obama's EPA is busy shuttering America's coal-fired power plants. Because, Globull Warming.
Meanwhile, demand for electricity continues to surge.
And, contrary to what the Obamabots might have you believe, magic unicorns aren't picking up the slack.
Facing the Obama administration's so-called "war on coal," some utility officials are warning that fewer coal-fired power plants could leave the U.S. power system vulnerable to blackouts in the near future.
The officials warn that intense summer heat or extreme winter cold could soon be too much for the system to handle.
"I worry about the potential of brownouts and blackouts if we're ... actually depending on this generation that's going to be retired," Nick Akins, from American Electric Power, told Fox News in an interview.
Pro-coal advocates say the administration's focus on its environmental agenda challenges the reliability of the nation's power grid.
"Regulation from five years ago is closing about 20 percent of the coal plants. Regulations being proposed now could close an additional 20 percent of coal plants. And that creates huge stresses -- we're just not ready for anything like that in this country," Mike Duncan, from the American Coalition for Clean Coal Electricity, told Fox News.Considering this past winter's severe cold and "Polar Vortex," Alaska Republican Sen. Lisa Murkowski noted at a Senate hearing this week that the system was at its limits.
"Eight-nine percent of the coal electricity capacity that is due to go offline was utilized as that backup to meet the demand this winter," Murkowski said.
And coal country Democratic Sen. Joe Manchin, of West Virginia, clearly has his concerns.
"Add the fact that EPA is proposing new source performance standard, what this is going to do will effectively ban the construction of any new coal plants," Manchin said. "How do we keep the lights on so people's lives will not be in danger?"
Barack Obama doesn't care about keeping the lights on.
He's not particularly concerned if your life is in danger either.
The fact that there are Real Consequences to his policies? That Americans will suffer while he golfs and his wife vacations in Tahiti?
Not on his radar.
We can freeze in the dark.
The econuts must be mollified. And our children must be brainwashed into believing they're sacrificing for a Noble Cause. But Obama's kids won't ever feel the cold. Only yours, and mine.
Because in the Obamabot Socialist Utopia, the Obamabots are more equal than
the rest of us.
During the all-night Senate speech about climate change, Sen. Cory Booker, D-N.J., said he drove to Hawaii as a teenager.
"I just do want to say that right after I turned 17 and got my New Jersey driver's license, one of the earliest places I drove was a trip — the only trip I have ever taken was to Hawaii," he said on the floor at about 3:00 a.m.
Maybe T-Bone was his co-pilot… LOL.
In his next breath Cory tried to convince us that "climate change" is equally believable. That's what his speech was supposedly all about. How he was able to drive to Hawaii, but now if anyone else tries to do that they'll be selfishly contributing to Global Warming.
So give up your car, move to a high-rise micro-apartment in a green-energy
sustainably-grown transit village, walk to Whole Foods to buy organic arugula,
and for Gaia's sake recycle your old toilet paper. Oh, please pay your carbon
tax before you spend that money on something frivolous, like a vacation.
Only the Obamas
walk on water are allowed to spew millions
of tons of greenhouse gases jetting hither and yon in pursuit of relaxation.
You peasants need to know your place.
To paraphrase Instapundit, I'll believe globull warming is a crisis when the
people telling me it's a crisis start acting like it is a crisis. Until then,
see you in Hawaii Cory!
It's always amusing to read the Sunday Star-Ledger op-ed pages, and today's didn't disappoint. They reprinted a Washington Post column by Brian Palmer entitled "How to convince your friends to believe in climate change. It's not as hard as you think."
Hint, it's not about science. Oh no, taling about science is a "loser" according to researchers who are working on finding ways to convince people that climate change is real.
There's an extensive body of research on how to persuade those who view science with suspicion — it's called the science of science communication. Much of the work centers on climate change.
They say "communication," I say Brainwashing.
"Speak openly of your personal ownership of your convictions," he notes. "Say, 'This is what's important to me, and this is why.' Don't get caught up in the scientific discussion. You're not a scientist, and evidence doesn't persuade people who reject climate change. What carries power is your personal conviction as a friend, colleague or neighbor."
Don't worry about why! Ignore your lying eyes! Join the Cult of Climate Change! All the cool kids are already here!
Better yet, gang up on the "denier," and pound him with peer pressure!
Climate change communications research suggests that a person's views are formed in large part by their social network. When a climate change rejectionist finds he is surrounded by believers, it eases the path toward changing his mind. Say that you, too, were once reluctant to accept the idea of climate change. It helps your audience identify with you.
Go ahead, tell me that isn't creepy.
Now you'll need a compelling argument to explain why you came around. As Marshall notes, communications research shows that "because scientists say so" is a loser. (President Obama made this mistake last week in his State of the Union address, when he bluntly declared that "climate change is a fact.")
Climate Change is Truth, don't be misled by facts.
The "compelling argument" is, of course, FUD, as in sowing doubt. "You buy homeowners insurance even though your house probably won't burn down. So if there's even a slight chance of rising sea levels, why not do something Right This Minute?"
Um, maybe because insurance has a proven risk-reward curve, and climate change hysteria doesn't? The oceans aren't dramatically rising ("yet, say the cultists). Nevermind that a scant 40 years ago these very same alarmists were 100% certain we were entering a new ice age. As climate scales go, 40 years is less than the blink of an eye.
I look out the window and see 2/3 of the United States covered in snow. Anybody wanna revisit that ice age theory again?
Then, OK, if we won't buy the FUD, it's onward to the circular reasoning! "The Pentagon is on board the Climate Change Express, why aren't you?"
People who reject climate-change science often find the views of the Department of Defense persuasive, and the Pentagon is extremely concerned about climate change.
"Large areas of the world will be submerged," Lewandowsky explains, "and residents of Bangladesh and Pacific island nations won't drown silently: They will migrate. Refugees sow the seeds for conflict." The Pentagon is already considering the need to shift resources from traditional combat to humanitarian operations to address these scenarios.
Um, who ordered the Pentagon to "consider" the impact of Climate Change? Why that would be the Climate Change Cultist in Chief! The Pentagon is following orders, which not to put too fine a point on it, is just what you're supposed to be doing you Gaia-hating gas-guzzling greenhouse-gas-emitting goober. Get with the program already!
No thanks. I used to trust the Pentagon. Until Obama started purging all the top Generals and Admirals, replacing them with administration sycophants. Now it's a hotbed of political correctness, social engineering, feminut orthodoxy, and junk science. Plus, the civilian command structure under both Leon Panetta and Chuck Hagel is full of political hacks who've never worn a uniform.
They've manged to bungle our victory in Iraq, leave Afghanistan and Libya in shambles, turn Egypt over to the Muslim Brotherhood, embolden Syria and Iran, and sold out Israel. If the political leadership at DOD can't fight a conventional war, what makes anyone think they can lead our fight against the chimera of Climate Change?
The cultists realize they have their work cut out for themselves.
Finally, don't get your hopes up. Changing someone's mind is a slow, laborious process. Your obstinate uncle, neighbor or colleague isn't going to slow-clap you out of the room after your irresistible climate-change argument. All you can do is plant a seed. So go do it.
I can't plant any seeds. The ground is frozen solid. But since you agree that "changing someone's mind is a slow, laborious process," why not try a little introspection of your own? Maybe this climate change thing isn't something we can control. Maybe nature is more powerful than we are. Maybe we should be looking for ways to adapt rather than trying to maintain an untenable status quo.
I think that's called Evolution. Perhaps you've heard of it.
The Obama Administration plans to let wind farms sacrifice bald eagles on the altar of green energy.
The Obama administration is moving toward finalizing a rule that would give alternative energy farms a pass for killing bald and golden eagles for decades.
The rule by the Interior Department extends the length of the permits that allow farms to unintentionally kill the eagles without penalty from five to 30 years, according to department records.
The rule authorizes the "non-purposeful" killing of eagles, but also will require farms to implement certain guidelines to help with eagle conservation. The White House finalized its review of the rule Thursday, The Hill reports.
So let me get this straight. The bald eagle, that stately, gallant, and graceful symbol of American patriotism, a species specifically protected by federal law, is fair game so long as you're genuflecting to green energy?
Meanwhile, the Keystone XL pipeline languishes, its construction held up by a never-ending parade of econuts who are apopleptic over the possibility of temporarily disrupting a few square miles of swampland in the middle of nowhere.
But then again, a swamp doesn't symbolize everything Barack Obama detests
Just in time for winter, PSE&G is lowering their rates.
The Newark utility announced yesterday it is providing a two-month bill credit for residential gas customers that will cut the average monthly bill by about 33 percent in November and December.
For the typical residential customer, that translates into a total savings of $93.10, according to the utility. Depending on meter-reading schedules, many customers will see some of the credit in November and December, with the rest in January.
The drop in rates is the latest in a string of reductions in customer bills that started in January 2009, which have saved the average residential PSE&G customer about $674 per year.
"We're pleased that we can provide this substantial credit to our customers, especially at this time of year," said Jorge Cardenas, vice president of asset management and centralized services. "This bill credit will return money to customers as temperatures are dropping and they strive to keep heating bills affordable."
Cardenas attributed the drop in bills by as much as 39 percent to the steady decline in natural gas prices, a trend not only resulting in lower heating bills, but also reduced electric bills.
"Our close proximity to the abundance of gas supply in the Marcellus Shale formation in Pennsylvania, plus our transportation and storage capabilities and the way we manage our pipeline contracts, enabled us to seize this opportunity to once again reduce costs for our customers," he said.
Ah yes, the Marcellus Shale, where fracking is unleashing a torrent of clean, and as it turns out, cheap natural gas. And providing good-paying jobs for burly men to bolster our economy too. What's not to like?
So, the next time you meet an anti-fracking nut, ask her if she's willing to
put her money where her big mouth is and cough up the difference in your
heating bill. Because you can't heat your house with rainbows and unicorns.
Having solved all the other problems facing America, Dear Leader will now turn his attention to … (drum roll, please) … climate change!
President Barack Obama said on Saturday that he will outline a climate change plan on Tuesday centered around reducing pollution from carbon emissions as he attempts to make good on a pledge for his second term.
"This Tuesday, I'll lay out my vision for where I believe we need to go - a national plan to reduce carbon pollution, prepare our country for the impacts of climate change and lead global efforts to fight it," he said in a White House video.
OK numbnuts, you first. Put your CO2 where your big mouth is.
I hear your SS is shopping for new presidential limo. How about buying one that doesn't get 8 gallons to the mile?
What's that? You're too important to save gas? Yeah, it's only us peasants who you're gonna force into Chevy Volts. You get to keep your gas-guzzling monstrosity. And apparently, so does your dog.
Heckuva example you're setting there Barry.
So, here's another suggestion from the folks at Maggie's Farm:
Why not cut off power to the federal government first? Heat, a/c, and electric. That would show real leadership. Pres. Lincoln managed fine without electricity, central heating, or a/c, and he rode around town on a low-emission horse powered by biofuel. First, the gummint should cut the power to the NSA and the IRS. Then, the White House. Then Congress. Our moral and intellectual superiors should show us the way.
Sounds good to me! If you're gonna talk the talk you gotta walk the walk.
Your sycophants keep comparing you to Lincoln. Well then, live like Lincoln did.
Or are you better than Abraham Lincoln?
Hours after promising in Berlin that action was coming on climate change, Barack Obama is preparing to make what could be the biggest environmental move of his presidency. White House officials say the President is planning to implement new regulations that would significantly reduce carbon emissions on existing power plants. The plan — which was hinted at in The Los Angeles Times earlier this week — involves instituting new rules through the Environmental Protection Agency, which doesn't require the approval of Congress.
"Biggest move of his presidency" means regulations even more onerous than the last round of diktats which only raised electric rates by 800 percent.
We can only speculate as to what the impact will be, a thousand percent? Two thousand percent? But I guarantee his proscriptions won't be cheap.
Earlier on Wednesday, Obama made climate change a key section of his address at the Brandenburg Gate in Berlin, calling it "the global threat of our time." Adding that "Peace with justice means refusing to condemn our children to a harsher, less hospitable planet."
Yeah, there's nothing harsh or inhospitable about freezing in the dark, right?
Because if our children can't afford electricity that's exactly the future he's condemning them to live in.
They were touted as a "no brainer." Proponents said they'd pay for themselves. And school districts throughout New Jersey bought into the solar energy hype. They borrowed millions to install solar panels on school building roofs, and waited for the cash to start rolling in.
For school districts, the lure of solar panels to produce renewable energy that would pay for itself proved very tempting, but some who took the plunge are now finding the cost benefits are shrinking.
In 2009, voters in Bordentown approved an $8.5 million referendum to install solar panels on the regional high school with the expectation that the project would pay for itself with the sale of solar renewable energy credits, or SRECs.
But in a presentation last month, officials learned that instead of paying for themselves, the solar panels have become a liability. Now, about 20 percent of the money the district spends on paying off its accumulated debt is going toward paying for the solar installation.
Sorry taxpayers, the joke's on you! All we really wanted to do was look cool with the Globull Warming crowd, and it's just too bad that you're stuck with the bill.
School officials note that saving money on energy costs is not the entire purpose of installing solar panels.
Bordentown's school board President Lisa Hartmann said the school is happy to be reducing its carbon footprint.
"The bottom line is the solar panels are up, they are creating energy, we are using the money for the school district and, you know, as far as being green and renewable I think it's a good idea," Hartmann said.
When electing someone to be a steward of the public's money my expectation is that the only "green" they'd care about has Ben Franklin's picture on it.
Which of course makes me Old Fashioned.
Welcome to the 21st century, where ideology trumps reality. BOHICA!
Two concurrent headlines at NJ.com this afternoon:
The weather patten which brought us Hurricane Sandy was blamed on Global Warming. And Rep. Barbara Lee (D-Calif.) and a dozen other Democrats recently called on Congress to recognize that Global Warming will force women into prostitution.
Whaddaya know, they're right!
The "greening" of California's energy infrastructure is producing some unforeseen consequences.
Solar power doesn't work very well at night. Or on cloudy days. Wind power tends to operate intermittantly.
A robust power grid takes those factors into account, usually by having natural gas turbine generators on standby. Alas, California's ecotwits have forced most of the state's fossil fueled power plants into mothballs. The ones that are still limping along will likely be shuttered by 2020 thanks to onerous and prohibitively expensive upgrades required under the Clean Air Act.
So what will happen on cloudy, windless days?
In 21st Century America. California will join the third world.
I imagine the Green Goons see this as a feature.
Obama's Green Goons are determined to put Karo Syrup into every gas tank in America, and they don't really care how many car engines they destroy while doing it. Their latest ethanol concoction — E15 — is toxic to your engine. Which matters not one whit to the EPA; their regulations say we have to use it, and so use it we will.
We already know that E10, the current ethanol blend, gums up the works in small engines like snowblowers and lawn mowers. Now a new study proves that E15 is like Kryptonite to your car.
The fuel industry's American Petroleum Institute tested the 15 percent ethanol gas approved in 2010 and found it gums up fuel systems, prompts "check engine" lights to come on, and messes with fuel gauge readings.
"Failure of these components could result in breakdowns that leave consumers stranded on busy roads and highways," said the industry report. Worse: API said the fuel problems--not found in E5 or E10 blends--aren't always covered by auto warranties.
The industry prefers pure fuel to an ethanol mix, but the report isn't likely to slow the administration's green push, according to a Washington auto lobbyist.
It is difficult to precisely calculate how many vehicles E15 could harm. That depends on how widely it is used and other factors. But, given the kinds of vehicles tested, it is safe to say that millions could be impacted.
Remember too that every ear of corn which ends up in your gas tank is one less box of cereal for a hungry child. The EPA hates children! And cars.
Don't discount that warranty thing either. My wife's Land Rover came with a big bright sticker warning that the use of E15 fuel would void the warranty. But I suppose the EPA isn't interested in hearing about that. They're on a mission to Save The Planet. What's a few (million) ruined cars compared to that?
In 2010 and 2011, EPA gave the green light to use E15 - the 15 percent ethanol gasoline blend - in model-year-2001-and-later cars and some other vehicles. EPA's action was irresponsible. EPA knew E15 vehicle testing was ongoing but decided not to wait for the results. Why did EPA move forward prematurely? Part of the answer may be the need to raise the permissible concentration level of ethanol so that greater volumes could be used, as required by the federal Renewable Fuel Standard. Most gasoline sold today is an E10 blend, but rising volume requirements under the law can't be met much longer without going to higher blends.
Perhaps this is their master plan to force people into buying a
Electric Edsel Chevy Volt from Government Motors? Because
if you were trying to turn every gasoline-powered car in America into scrap
metal, mandating E15 would be the perfect way to accomplish that.
In 2009 VP Joe Biden touted it as a sure-fire way to create 2,500 green jobs. Today the Fisker Automotive plant in Wilmington, Delaware sits idle. But its bills keep on piling up. And thanks to crackerjack Obama Administration planning, Delaware taxpayers are ultimately on the hook.
Delaware taxpayers appear to be getting soaked twice under a deal in which the Democratic governor loaned $21.5 million to a hybrid electric carmaker to set up shop in the state. The company has yet to produce a car in Delaware, and taxpayers are footing the electric bill for the idle plant.
The deal was enthusiastically announced in 2009 by Gov. Jack Markell and Vice President Biden -- formerly Delaware's senior senator -- as a way to bring as many as 2,500 green jobs to the state. But California-based Fisker Automotive Inc. has since suffered a series of setbacks that have compounded its shaky financial situation.
Delaware reportedly has paid at least $400,000 in utility bills since about April, when Fisker halted operations and laid off dozens of workers at the 142-acre, Wilmington-area facility. Markell staffers told The News Journal the payments are part of the grant deal and necessary to at least keep Fisker's small-scale operation on life support.
When are these Green Dreamers gonna realize that it's the taxpayer who's on "life support"?
Fisker's success was dependent on batteries from another Obamunist failure — A123 Systems — the remnants of which were recently bought up by the ChiComms at fire sale prices. No A123? No Fisker.
But not even the Chinese are dumb enough to buy out Fisker. Nope. Only a bunch of fellers like the Obama Administration, who've never actually owned a Real Business in their lives, would put their money on something so ridiculous.
Except of course, it isn't actually their money. It's ours.
Flushed down the Green Jobs toilet. Aren't you glad they just raised
your taxes to pay for this shit?
It looks like President Obama picked another loser.
President Obama touted it in 2010 as evidence "manufacturing jobs are coming back to the United States," but two years later, a Michigan hybrid battery plant built with $150 million in taxpayer funds is putting workers on furlough before a single battery has been produced.
Workers at the Compact Power manufacturing facilities in Holland, Mich., run by LG Chem, have been placed on rotating furloughs, working only three weeks per month based on lack of demand for lithium-ion cells.
There is a silver lining though. Every time one of those furloughed workers heads back in for his three week shift the Labor Dept counts him as another new job! LG Chem might not be able to make batteries but they sure can create fake new jobs better than anyone. What else was all that Stimulus money for but to ensure Obama gets re-elected, right?
Energize the unemployment picture while wasting taxpayer dollars on pretending
to make batteries for a car nobody wants to buy. It's the Chicago Way.