Monday, March 10, 2014
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In the meantime, we are spending middle-class taxpayers' money to enrich a few politically well-connected people (Solyndra's owners were big "bundlers" of Obama campaign checks).
Nevertheless, in his Argonne speech, Obama called for doubling down on such "investments," demanding a $2 billion fund come from offshore drilling revenues -- the same drilling he has blocked -- and spend the money on projects like the ones that have so far failed (along with Solyndra, there was Abound Solar, which lost $400 million in subsidy funds; A123 batteries, $279 million gone; and Fisker Automotives, $529 million flushed away).
The fear is growing that Obama's "wean us off oil" fantasies will lead to disapproval of the Keystone project (or its approval only under harsh permitting conditions that will force Canada to sell the oil to China instead), because its approval would make it harder to sell his alternative-fuel projects.
Is he so committed to his statist energy philosophy that he would let the national interest be sacrificed to wasteful "green" ideology? Keystone's fate will be a significant answer to that vitally important question.
M.D. Harmon, a retired journalist and military officer, is a free-lance writer and speaker. He can be contacted at: