Posted on 04/23/2014 7:03:31 AM PDT by thirst4truth
Billionaire hedge fund operator and “green” energy magnate Tom Steyer has pledged $100 million in the 2014 election cycle to help Democratic candidates who oppose the Keystone pipeline and who favor “green” energy over fossil fuels. Steyer claims to be a man of principle who has no financial interest in the causes he supports, but acts only for the public good. That is a ridiculous claim: Steyer is the ultimate rent-seeker who depends on government connections to produce subsidies and mandates that make his “green” energy investments profitable. He also is, or was until recently, a major investor in Kinder Morgan, which is building a competitor to the Keystone pipeline. Go here, here, here, here, here and here for more information about how Steyer uses his political donations and consequent connections to enhance his already vast fortune.
(Excerpt) Read more at powerlineblog.com ...
All Steyer has done....is gimmick up the election for Democrats to massively lose in the Senate. Just saying eight lost seats and perhaps only one Republican seat flipping to the Democrats....is a pretty lousy image. Steyer’s funding keeps the gimmick in place and ensures a 51-to-52 seat setting for Republicans in January of 2015.
My guess is that some foundation talkers have used hours and hours of chit-chat....doing their best to get Steyer in the position of wasting funding on this, in some last-chance-save-all-Democrats focus.
Steyer would benefit from cheaper fossil fuels delivered by the XL Pipeline if he has an interest in producing “Green” fuels, such as Ethanol.
The EPA has just publicly admitted that Ethanol damages internal combustion engines due to the excess heat generated by burning Ethanol.
If the EPA’s Ethanol is produced from Corn, then how many gallons of Diesel or Gasoline does it take to produce one gallon of Ethanol?
* Note: Prep. to plant, planting Corn, weeding, fertilizing, harvesting, transporting, the actual production of Ethanol, and final transportation to customer friendly filling stations all require combustion of fossil fuels.
It will be interesting to see how our tax dollars are being used by the Feds to subsidize the production of Ethanol which the Federal EPA documents causes damage to the engines we buy from partially nationalized, Federally regulated automobile manufacturers.
Factoid for the Day: Corn is “Green” and renewable, whereas Tax Dollars are green, but not renewable.
None are so blind, as those who would not see.
The world is going to be dependent on hydrocarbon “fossil” fuels for at least the next century, and considering all the newer ways being devised to extract this store of energy, there is little or no chance of “running out”, as the “peak production” point keeps retreating with the evolving technology, and may very well be a total myth.
On the floor of the ocean, is a vast storehouse of Methane Hydrate, equal to perhaps from four to as much as ten times the energy content of ALL the known terrestrial and underground sources of petroleum, coal, and natural gas that are now recoverable with present-day technology. There are some 168 times the volume of natural gas, at normal atmospheric pressure, in one volume of Methane Hydrate, so it is a very compact source. Unfortunately, it is also unstable at temperatures above about 42 degrees Fahrenheit, going through a phase change back into water and methane.
Methane Hydrate naturally regenerates, formed by the decomposition of organic matter in the sea, and from vents of natural gas that open upon the sea bed. Of slightly greater density than surrounding sea water, it gravitates to the sea floor, where the temperature does not rise above 38 degrees Fahrenheit.
Add to this the abiotic generation of hydrocarbons, and the scientifically shaky theory of “Peak Petroleum” has even less foundation.
Carbon dioxide from the burning of hydrocarbon fuel is NOT a pollutant. No matter what the ruling from some scientifically illiterate judicial “authority” may claim.
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