Posted on 03/09/2012 3:07:40 PM PST by raptor22
Energy: At a plant that makes natural-gas-powered trucks, the president proposes still more alternative-energy subsidies. The privately developed technology that lowered the price of natural gas can lower gasoline prices too.
It was a tad surreal to see President Obama, champion of green energy and unions, visiting a foreign-owned manufacturer of natural gas-powered trucks in a right-to-work state. But there he was Wednesday, at the Daimler Trucks North America truck factory in Mount Holly, N.C., touting vehicles powered by a fossil fuel produced by drilling.
The president, who recently touted pond scum as an energy source of the future, embraced the cleanest-burning of fossil fuels at a campaign stop in a state he carried in 2008 by just 14,000 votes. As he did, he announced another billion-dollar subsidy for the development of fuel-efficient technologies and vehicles.
Obama, who simultaneously takes credit for record oil production he had nothing to do with even as he bashes gasoline as a fuel of the past, says natural gas is a fuel of the future. "We have a supply of natural gas that can last America nearly 100 years," he noted in his State of the Union address.
That natural gas, much of it trapped in shale rock formations throughout the U.S., is produced by the very same evil oil companies using a technology developed by hydraulic fracturing, or fracking.
It's the same technology that has allowed North Dakota to tap into the Bakken shale formation, producing record amounts of oil — and a jobs boom to go with it.
(Excerpt) Read more at news.investors.com ...
Energy dependence ping
With apologies to cyanobacteria everywhere.
Just wait until it blooms, the nice green energy will turn into the dreaded red tide!
Navy Takes Biofuels Campaign Into Uncharted Waters
Since 2006, the Defense Logistics Agency has procured more than 36 million gallons of ethanol-and-petroleum blends for the military. The Navy in September ordered an additional 150,000 gallons of algae-based fuel from San Francisco company Solazyme. The new agreement is seven times the size of the initial 20,000-gallon contract awarded last year. The Navy is paying big bucks for these fuels.
The service consumes an average of 1.2 billion gallons of petroleum each year at a cost of $3 billion — about $2.50 per gallon. The service paid Solazyme $8.5 million to provide just 20,000 gallons of algae-based fuel — $425 per gallon. At that rate, it would cost the Navy some $142.8 billion for the 8 million barrels of biofuel needed to meet its 2020 goal.
Camelina-based fuel is a bit cheaper but still more expensive than petroleum. In September 2009 the DLA’s defense energy support center paid Montana’s Sustainable Oils $2.7 million for 40,000 gallons of camelina-based fuel. That comes to about $67.50 per gallon.
On the front page of Yahoo News now...the Obama Mania Media is testing a new talking point...
“We Can Live With” $4 Gas: Economist Sees Hope for U.S. Amid Global Slowing
http://finance.yahoo.com/blogs/daily-ticker/live-4-gas-economist-sees-hope-u-amid-191518576.html
He is making sure his massa does well on his fraking interests in Poland.
Soros-Backed San Leon Says Polish Shale Gas Profits to Beat U.S.
September 20, 2011, 10:01 AM EDT
To put it mildly, that is enraging. IMHO, everyone involved in this enormous and horrible waste of my tax dollars should be fired. Not demoted, not put on paid leave, FIRED!!
Thanks for the ping.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.