The taxpayer-funded auto bailout was largely the result of a number of poor decisions made by General Motors and Chrysler. Along with the excessively high labor and legacy costs, Detroit’s dependence on big, non-fuel-efficient vehicles was its own doing and at one time, was a very profitable strategy. Detroit struggled …
Rajendra Pachauri , chairman of the Intergovernmental Panel on Climate Change (IPCC), responded to the errors exposed in the IPCC report saying that “Scientists are demonised because of one error in 3000 pages of evidence.” Truth be told, there were several errors uncovered in the report including questionable sources in …
So much for shovel-ready. In February of 2009 President Obama signed the $862 billion stimulus bill into law and of that; $36.7 billion was allocated to the Department of Energy. More specifically, $16.7 billion is geared towards increasing the production of renewable energy and improving energy efficiency in buildings and …
President Obama announced today that the administration will open access to waters for offshore drilling in the Atlantic and eastern Gulf of Mexico. While the president should be commended for allowing oil and natural gas exploration and development in untouched water, the devil is in the details. Part of the …
One of the common arguments made against wind power is that without government subsidies, mandates or tax credits, wind turbines would not be built. But even when companies do receive preferential treatment to build windmills, just because they’re built doesn’t mean they’re going to work. For that, there needs to …
