The Environmentalists are Demanding Obama Damage the Economy by Killing the Keystone XL Pipeline

Posted by PITHOCRATES - November 5th, 2011

Week in Review

If you’ve ever wondered if liberals (that 20% of the electorate hell-bent on running all of our lives) are bad for the country just follow this pipeline saga (see Green groups warn Obama he’ll pay price for approving pipeline by Ben Geman posted 11/4/2011 on The Hill).

Environmentalists warned bluntly Friday that President Obama’s reelection campaign will pay a heavy price if he approves a controversial oil sands pipeline…

[Tiernan Sittenfeld’s, a top official with the League of Conservation Voters (LCV),] comments come days after Sierra Club Executive Director Michael Brune said that approval would hurt the group’s ability to mobilize members on Obama’s behalf.

The Sierra Club and LCV have the environmental movement’s largest political campaign operations.

Once again it’s not about jobs and the economy after all.  It’s about the money.  It’s always about the money.  And if Obama can get political contributions during record unemployment then he doesn’t need to create jobs.  He hasn’t yet.  So why start now?  (All that stimulus didn’t stimulate anything other than Obama’s political cronies’ appetite for more stimulus).  So the country can continue to wallow in recession.  As long as the money keeps rolling in.

Environmentalists also argue that rejection of the project would help Obama politically.

Help Obama politically.  While damaging the economy.

Building the thing will create real jobs.  And when they build it gasoline prices will go down.  Via the laws of supply and demand.  Which means consumer prices will go down.  Because the cost of everything has an energy cost component.  And people will pay less to gas up their cars.  Leaving them with more money for their households.

So the environmentalists are urging Obama to sacrifice all of that.  To improve politically.  I must have missed that part in the presidential oath of office.  Where it was all about the president.  And not the people.

The project puts Obama in a tough spot politically at a time when the economy and jobs are shaping up as the dominant issues in next year’s election…

Several unions are backing the project, including the International Brotherhood of Electrical Workers, the International Union of Operating Engineers, and the Laborers’ International Union, and the Building and Construction Trades Department of the AFL-CIO.

But labor is not united on the project. The Amalgamated Transit Union and the Transport Workers Union both oppose Keystone XL.

Tough spot indeed.  That’s a lot of union support for the pipeline.  Because these union people will be building that pipeline.  And they desperately want jobs in this rotten Obama economy.  The only unions against it are the ones who will lose jobs because of a pipeline.  The trucking industry.  And the railroad industry.  Who would prefer to restrict the supply of oil.  To raise the price at the pump for the masses.  So the few who transport it can keep their jobs.

“Burning the oil fields of Saudi Arabia, more than anything else, is what has raised the temperature of the planet a degree already. We didn’t know about climate change when … people found oil in Saudi Arabia, so it was natural to go burn it,” McKibben said.

“Now that we do, if we find a second Saudi Arabia and just do the same thing, then we are idiots,” he said.

Well, he’s right about one thing.  They are idiots.  For we don’t know what raised the temperature of the planet.  If the temperature is raising you just can’t point at one thing and say it’s responsible.  What about the sun?  And the solar minimum?  The sun is more likely changing global temperatures than man.  Just like it did during the ice ages.  When the planet really warmed and cool.  Before anyone ever burned a fossil fuel.

Obama is tied into the lunatic left because that’s all he has.  His economic policies have been an abject failure.  Both for the economy.  And for his rewarding of campaign donors with federal tax dollars, a.k.a. stimulus.  Because his crony capitalism will be all for naught if he loses reelection.

So, no, liberalism is not good for the country.  And right now it’s not all that good for a liberal president.

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First Solyndra now Beacon, boy can the DOE Pick Them

Posted by PITHOCRATES - November 5th, 2011

Week in Review

Here we go again.  The DOE picks another loser (See Massachusetts energy firm that got stimulus grant, loan guarantee, seeks bankruptcy protection by Associated Press posted 10/31/2011 on The Washington Post).

A Massachusetts energy storage company that received a $24 million federal stimulus grant and a $43 million loan guarantee from the Department of Energy has filed for bankruptcy protection…

Beacon makes flywheel energy storage systems used to keep power frequency steady on electrical grids by absorbing excess power, then returning the energy when needed.

It said its long-term financial prospects are strong, but that efforts to build its business have been capital intensive, and that those costs have contributed to operating losses.

So what is a flywheel energy storage system?  Kind of like a battery in principle.  But instead of using chemical energy to store and release electricity it uses a flywheel and kinetic energy.  That is, spinning motion.

Flywheels spin.  They’re big, spin real fast and have very critical tolerances.  Like the jet engines on a plane.  Which typically are the most expensive parts of a plane.  Because they’re big, spin real fast and have very critical tolerances.  Which is why building these flywheels was “capital intensive.”  And apparently such a risky investment that the private market didn’t want to take the risk.  Which explains why it’s the taxpayer losing money here.  And not the private market.

DOE officials were quick to draw distinctions between Beacon and Solyndra Inc., a California solar energy company that sought bankruptcy protection in Delaware after receiving a half-billion-dollar loan guarantee from the Obama administration.

Solyndra, which is the subject of investigations by the FBI and congressional Republicans, ceased operations upon filing for bankruptcy in September and is planning to sell its manufacturing assets. Beacon, on the other hand, is seeking to reorganize and to continue operations at the Stephentown plant.

“That doesn’t mean there won’t be layoffs, but it is important to note that the plant we funded is going to continue providing a valuable service,” DOE spokesman Damien LaVera noted in an email.

So it’s bad.  But it’s not Solyndra bad.  And that’s good.  Because they haven’t gone out of business.  There’s no FBI investigation.  And no Obama fundraiser is at the center of the scandal.  Yet.  So it’s not Solyndra bad.

But it’s still early.

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The Environmentalists are Telling Obama to Just Say No to a Canadian Oil Pipeline

Posted by PITHOCRATES - November 5th, 2011

Week in Review

The Obama administration wants to make the U.S. independent of terrorist-sponsored Middle East oil.  Or so they say.  Because the U.S. is one pipeline away from making that happen.  Thanks to our energy-rich good friends to the north.  But the Obama administration is all but telling them to pound sand (see Canada toughens tone for TransCanada’s Keystone XL pipeline approval by Bruce Nichols, Reuters, posted 10/31/2011 on The Vancouver Sun).

In the face of rising environmental opposition to the planned pipeline, which would carry 700,000 barrels per day of supply from Canada’s oilsands projects to refineries on the U.S. Gulf Coast, the Obama administration has signalled that it may miss a year-end target for approval.

Oliver said a delay by the Obama administration would not be fatal to the project, and that Calgary-based TransCanada has multiple options — including customers in Asia…

Following Environmental Protection Agency complaints about its initial analysis, the State Department said it would undertake a supplemental review.

Unbelievable.  As if killing the oil business in the U.S. wasn’t bad enough.  Now the Obama administration appears determined to make gasoline as expensive as possible in the future.  To please the environmentalists.  At the expense of the American economy.  And the U.S. consumer.

It’s pretty sad when the Canadians are telling the Americans to lighten up on their environmental policies.  I mean, Canada has always been greener than America.  Yet here they are.  The energy producers.  And the Americans are hugging the trees.

The Chinese are in full support of the Obama policies.  Because those policies look like they’re going to hook up China with a lot of cheap oil.  Now that the Americans appear to be out of the oil market.  And determined to stay in the recession market.

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Unlike the Obama Administration, the Canadians Understand the Energy Sector

Posted by PITHOCRATES - November 5th, 2011

Week in Review

The Obama economic policies are a failure.  Everyone knows this.  Even the Canadians (See Energy sector powers Canadian economy by John Morrissy, Financial Post, posted 10/31/2011 on The Vancouver Sun).

Canada’s economy expanded for the third straight month in August, driven by a rebound in the energy sector and raising expectations for solid growth in the third quarter…

The August data “suggest that the underlying trend in growth is still strong, as the economy appears to have shrugged off dents to confidence stemming from eurozone fiscal jitters, a U.S. ratings downgrade and equity market volatility,” said CIBC World Markets economist Emanuella Enenajor…

If not for the energy sector’s 2.8 per cent advance, GDP for the month of August was unchanged, Statistics Canada reported.

If it wasn’t for energy there would have been no GDP growth.  In other words, if it wasn’t for the energy sector GDP would be as anemic as it is in the U.S.  Because unlike the Americans, the Canadians haven’t declared war on energy.  Oil isn’t a 4-letter word in Canada.  Like it is in America.  Under the Obama administration.

If only we were as capitalistic as Canada we, too, could expand our energy industry to meet record demand.  But no.  Instead the Obama administration wants to finance windmills and solar panels.  Where there is no demand.  Why?  Politics.  And in the Obama administration, politics trumps the economy every time.

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