As the recession drags on, energy prices rise, the federal deficit continues to soar and the S&P has now declared the outlook of US credit as unstable, the Obama administration seems to think that now is a good time to spend money on experimenting with the green energy agenda. The proverbial laboratory is going to begin in California.
Since there aren’t presently any private investors who see a commercial marketplace for a solar power project, the U.S. Energy Department will be supplying a green energy conditional guaranteed loan of $2.1 billion to support “the Blythe Solar Power Project,” reported CNS News on Tuesday.
Energy Secretary Steven Chu noted that the green energy loan amount “is the largest amount ever offered to a solar project through the Energy Department’s loan office.”
He went on to claim that over 1000 jobs will be created and that the economy would be strengthened as a result of green energy solar projects, even though there isn’t a commercial marketplace demand for what is being produced. In addition, “The Department of Energy has issued loan guarantees or offered conditional commitments for loan guarantees totaling $21 billion to support 22 clean energy projects across 14 states.” Projects are supposed to include “wind, geothermal, solar, biofuels and nuclear.”
Meanwhile, Republicans are claiming that the price of gas is being pushed higher to assist Washington liberals, including the Obama administration, with their political agenda, according to World Net Daily
House Natural Resources Committee Chairman Doc Hastings (R-Wash) pointed out that, “We need to look at the actions of this administration, which are leading to more of a domestic shortage of energy production in this country – whether you are looking at the outer continental shelf or whether you are looking at offshore lease sales.”
The Obama administration’s oil moratorium has caused over 12,000 jobs to be lost, and 12 oil rigs have left the Gulf for locations such as Nigeria, Egypt and Brazil.
Moves such as this by the Obama administration have caused “the nation’s energy, manufacturing, and job sectors [to become] ‘paralyzed’ in terms of growth, and [companies] are terrified of the regulations imposed by the federal government,” political analyst Dick Morris stated at a gathering of both Christians and non-Christians during the Justice Institute’s annual gala in California according to One News Now.
The above is simply the newest version of the old cap and trade scheme that Washington has recently referred to as the nationwide renewable-electricity standard, or RES, which as this Examiner mentioned back in October also has the potential to cause the nationalization of the agricultural industry.
