...Solyndra and Bain Capital (click here) have become the battleground on which President Obama and Mitt Romney are warring over who would best lead the U.S. economy.
Obama's top aides on Wednesday, for a second day in a row, sought to prevent Romney's attacks on the bankrupt, taxpayer-backed solar company Solyndra from overshadowing the Obama campaign's criticism of Romney's private-equity background....
We already know oil will double in price in ten years. There has been absolutely NO PLAN by the GOP for five decades since scientists have warned the USA Government and other world leaders about the dangers of CO2 and the ever burgeoning scarcity of oil.
NOTHING. Nothing was done to provide alternative fuels a place in the USA economic plan for energy. It is a JOKE, Romney brings up Solyndra as a reason for voting on economic issues. This is outrageous. What Romney is doing is hiding the money he will make when his cronies continue to receive their billions US for oil subsidies.
…As both oil industry profits and gas prices continue to rise, (click here) Congressman Bruce Braley (D – IA) believes that it is time to end the billions of dollars worth of
subsidies that the United
States hands out to oil companies on an annual basis. In his proposed Clean Energy Jobs bill, Braley would end the tax breaks and other
subsidies that flow to the oil industry, and use that money instead to create
clean energy jobs, invest in biofuel production, and pay down the national debt….
...The President proposed $302 million for solar
energy research and development (up 22 percent); $123 million for wind energy
(a 53 percent increase); and $55 million for geothermal energy (up 25 percent).
But fossil fuels subsidies are holding back growth in burgeoning clean energy
industries, which face a momumental challenge to compete with entrenched
industries that receive far greater government subsidies....
But, wait. Let's be fair. Romney knows the rhetoric, the subsidies are for more exploration and more research, after all without research Halliburton wouldn't have discovered hydraulic fracturing. So, let's say there are subsidies needed for oil exploration and research. Why is it the petroleum industry is exempted from recording their failures and their antiquated methods of obtaining oil. Why is it the petroleum industry is coveting the Arctic Ocean in hopes the shipping channel is viable and there won't be ice there for some time to come. Why is it the petroleum industry won't admit drilling through frozen methane in the Arctic, the same frozen methane hydrates that prevented the capping of the ruptured well head for the Deepwater Horizon, is the most insane idea for energy to date?
Better yet, let's not victimize the petroleum industry's CEOs, let's ask Willard Mitt Romney why he intends to continue the same antiquated ideas that caused the oil disaster in the Gulf and continue to deregulate an industry that will only do it again?
If Romney is elected President, there will be no additional oil to lower prices. We all know we cannot drill out way out of this and any promises he makes are lies. Again, the GOP will DO NOTHING to return prosperity to the American people, they will continue to be draconian elites without any ideas for changing the way the USA secures its energy future.
