...Solyndra (click title to entry - thank you) was the first company to receive a loan guarantee under an advanced clean energy program created in 2005. The Energy Department came under criticism last year when the company postponed plans to expand the Fremont factory, cut jobs and withdrew plans for an initial public offering.
At the time, U.S. firms were just beginning to smart from the rapid influx of cheap solar panels from China....
The strongest venue for a USA recovery is for small businesses to become a source of excellent products. "Home Grown" enterprises need loyalty from consumers. It is a matter of rebuilding the USA economy and shunning foreign products that degrade our economy, Middle Class and recovery.
American small businesses have to tell the story of their product to bring about awareness of their local impact to derive loyalty.
In this picture are "Michgan Red Haven" peaches delivered to a storefront that produces their own products from local farmers. The staff will peel these peaches and prepare all kinds of pies, preserves, fresh yogurt, relishes and garnishes.
The attempts of the USA to revitalize its economy is being actively undermined by China. I sincerely believe there have to be measures to save our investments by increasing taxes on foreign goods coming from China. There is no other way.
DOE Offers Conditional Commitment for a $105 Million Loan Guarantee for First-of-its-Kind Cellulosic Bio-Refinery (click here)
Project Will Create Over 200 Jobs and Displace an Estimated 13.5 Million Gallons of Gasoline Annually
Washington D.C. – U.S. Energy Secretary Steven Chu today announced the offer of a conditional commitment for a $105 million loan guarantee to support the development of the nation’s first commercial-scale cellulosic ethanol plant. Project LIBERTY, sponsored by POET, LLC, will produce up to 25 million gallons of ethanol per year and will be located in Emmetsburg, Iowa. POET estimates the project will generate approximately 200 jobs during construction and 40 permanent jobs at the plant. POET estimates the project will also bring approximately $14 million in new revenue to area farmers.
“This project will help decrease our dependence on oil, create jobs and aid our transition to clean, renewable energy that is produced here at home,” said Secretary Chu. “The innovations used in this project are another example of how we are seizing the opportunity to create new economic opportunities to win the clean energy future.”..
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CAN THE WTO AND GATT PLEASE GET ON WITH IT !!!
I would expect the USA and Europe to be livid about
these problems.
I. Towards a WTO Framework Agreement on Energy
Energy requires an integrated approach and does not lend itself to sectoral negotiations, depending upon different forms of energy applied to competing energy sectors. The sector encompasses fossil and non-fossil fuels and energy including oil, gas, coal, wood, electricity, atomic energy and renewable sources of electrical energy production (solar, wind, wave and tidal), as well as biofuels. All these forms of energy should be subject to the same rules and thus conditions of competition. The production and transmission of energy is a complex operation which often involves both goods and services. It also entails technology and thus is affected by intellectual property rights. The sector shows a high level of governmental involvement which calls for coherent rules on competition and government procurement….
