Picking losers

From National Review:SunEdison, which billed itself as the “largest global renewable energy development company,” is on the verge of bankruptcy after sucking up $650 million in federal grants and tax credits and $846 million in federal loans, loan guarantees, tax-exempt federal bonds, and federal insurance.Also in April, Spanish energy company Abengoa SA filed for bankruptcy… Continue reading Picking losers

#Cleanfail

Since I posted Headline at MIT Technology Review: (April 15, just below), it has been nagging at the back of my mind that "clean coal" projects probably were not exempt from the crony capitalist excesses of the eco-industrial complex. So there was likely more to the Peabody Energy bankruptcy story than simply deploring all the… Continue reading #Cleanfail

Headline at MIT Technology Review:

Peabody Energy’s Bankruptcy Shows the Limits of “Clean Coal”I'm not sure what MIT's point is here. Peabody's bankruptcy is the result of unlimited political manipulation. It was the intended result of Federal planning:“So if somebody wants to build a coal power plant, they can. It’s just that it will bankrupt them because they are going… Continue reading Headline at MIT Technology Review:

Every breath you take

Gov wants bars to stay open till 4 a.m.Well, there's a catch...The plan involves liquor stores and restaurants selling spirits on Sunday mornings and bar owners buying permits for their establishments to stay open until 4 a.m. The expanded hours for liquor sales would generate an estimated $13.7 million for the state's general fund, the… Continue reading Every breath you take