A stabilized Europe, coupled with a U.S. economy that is likely to dodge a recession, means oil prices are starting to perk back up. Crude oil, of the West Texas Intermediate (WTI) kind, shot up from $77 a barrel to $93 in October and, before long, expect to see gasoline prices quickly move back to the $4 mark.
The White House's half billion dollar loan to a now- bankrupt solar panel firm is just the first act in an emerging scandal of insider political influence over a deeply flawed, and possibly corrupt, clean energy program.
Mining in China has turned towns and hamlets into “cancer villages.” Rivers run murky white to shades of orange. Fish and ducks are dead. And villagers bury friends and neighbors who die of cancer in their 30s and 40s reports Intellasia.
The Mexico plant will produce solar panels to be shipped back to California for a proposed "solar ranch" in San Luis Obispo County that will have a grand total of 15 permanent presumably American jobs. That works out to $82.6 million per job created.
Sifting through the Administration-Solyndra emails it is clear that President Obama’s taxpayer investment in Solyndra was not random. Bureaucrats and political appointees spent significant time evaluating the company and debating the merits of the soon-to-be-wasted taxpayer guarantee. And that is exactly the problem!
According to a 2009 study from Stanford University Energy Modeling Forum, “analysis…concludes that the advantages of increased jobs from renewable energy are vastly over-stated at costs prevailing today. It will require dramatic break-through in costs if renewable energy is to become a job generator.”