Posts tagged ‘solar’

June 6, 2012

Daily Scoop Xtra: A few things we should all know about Solyndra

Romney wrong on Solyndra facts

Last Thursday Romney held a surprise press conference at Solyndra’s shuttered headquarters. During his prepared statement, Romney said:

“An independent inspector general looked at this investment and concluded that the Administration had steered money to friends and family and campaign contributors.”

Romney then repeated the claim later in the press conference.

Small problem: No inspector general ever “concluded” such a thing, at least not based on any written reports or public statements.

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March 22, 2012

The Daily Scoop: The Great Renewable Energy Race

Global investment in renewable energy climbed to a record $260 billion last year, and the race for clean power is just getting started.

We reported last week how new solar and wind technologies are approaching price parity with traditionally cheaper coal- and gas-burning power plants. Today, the world’s regions go head-to-head.
Click here for Bloomberg’s Interactive Graph

January 31, 2012

The Daily Scoop: Obama’s energy plan: The winners, and winners

NEW YORK (CNNMoney) — President Obama’s half dozen energy proposals will, by and large, benefit nearly all players in the energy space and result in lower prices for consumers, analysts say.

  • Analysts say the combination of Obama’s plans truly represent an “all-of-the-above” approach.
  • Natural gas, out off all the different energy players, natural gas seems to have won the most.
  • The oil industry, Obama offered new leases in the Gulf of Mexico and pledged to open 75% of the country’s resources for drilling, which reflects a prior commitment made by the President.
  • Oil and natural gas production has jumped 14% and 10% respectively, according to the Energy Information Administration.j
  • For renewables technologies like wind and solar, Obama called for extending tax credits that basically give these firms a 30% subsidy.
  • Electricity from solar and wind has risen three-fold since Obama took office, according to those industries’ trade associations.
  • Coal and nuclear are the only two fuels that didn’t garner an outright mention but the bipartisan Policy Center’s Bledsoe said the administration is on track to give the final OK on an $8 billion loan guarantee for a new nuclear plant in Georgia sometime in the next few weeks.
  • The consumer: While prices for oil, which trades globally, remain relatively high, natural gas prices have plummeted, largely as a result of production increases.
  • EIA estimates the country’s oil production will grow another 20% by 2020 & due to that and higher fuel efficiency standards the United States will go from importing 49% of its oil in 2010 to 38% by 2020.
  • “Ultimately, consumers will be the beneficiaries of these policies,” said Mayer Brown’s Valera. “And when the consumer at large wins, businesses of all type win.”

The President has restated previous commitments and offered new policy plans that appeal to both political parties. These policies can be reached if professionalism prevails to take advantage of this out-stretched hand for long  awaited compromise.  While many of us with ever-present environmental concerns for continued oil & gas development this balanced approach to the country’s overall energy policy is the pragmatic solution.
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