Many criticisms have been leveled against various forms of “alternative energy” in general, and wind power in particular. Some critics have called wind power “impractical,” while others have labeled it as “idealistic.” Some have noted that the turbines are simply “ugly.”
Billionaire Australian mining magnate Clive Palmer accused the CIA of funding environmental extremists seeking to cripple the island nation’s industry, saying during a press conference that the money was being routed through conduits such as the infamous Rockefeller Foundation. And the Australians involved in the alleged plot are essentially committing “treason,” Palmer declared.
Germany — once a global leader in the race for reliance on “alternative” forms of energy — has discovered that no amount of environmentalist ideology can alter the fundamental laws of economics. Although wind and solar “farms” have been the recipients of lavish government subsidies throughout the European Union, the German government is now being forced to concede it cannot continue supporting solar power at the levels that had quickly become customary, and is dramatically reducing its solar energy subsidy.
On top of recent articles at The New American about huge oil deposits in the United States, now comes Ed Morse, writing in the Wall Street Journal that those rosy estimates of growth and prosperity were far too conservative: “North America is becoming the new Middle East.”
Solyndra’s financial woes prompted White House officials to snub company executives from President Obama’s exclusive State of the Union box in January 2011, according to new e-mails released Friday. In May 2010, the President said that "companies like Solyndra" are the "true engine of economic growth," and in his 2010 State of the Union address, Obama claimed that the firm was "a California business that will put a thousand people to work making solar panels."
The average prices of a gallon of gas and a barrel of oil are near 150-year highs. Most pundits expect them to go higher. Are you ready for $5-per-gallon gasoline?
As gas prices loom near the $4-a-gallon mark, the Obama administration has been hit with a public outburst that could prove politically lethal. And while the President is quick to emphasize that he does not favor high gas prices, his administration is toting heavy baggage in the area of energy policy.
A heated issue now being debated amongst President Obama, congressional members, and the general public is the tumultuous rise in gas prices that Americans are now faced with daily. House Republicans have ramped up efforts to expose Democrats and the President for their purported resistance to oil development and energy independence.
As gasoline prices approach (and in some places exceed) $4 a gallon nationally, the president appears to be taking much of the blame with two recent polls showing sharp declines in support for his handling of the issue.
The continuing boom in North Dakota seemingly has no end. Last June oil production from the Bakken Formation exceeded 11 million barrels a month. In February it reached 16 million with estimates that by late spring North Dakota could be producing more oil than either California or Alaska. That’s more than double what the state produced just two years ago.