Can you imagine the unrealistic demand to catch and capture air with a butterfly net? That is exactly the kind of illogical mental gymnastics being suffered by Luminant, one of Texas’s leading energy producers. The absurd and unrealistic demands of the EPA have forced Luminant to make some hard choices that will result in two [...]
Since the inauguration of the current President we have seen 100s of billions of our tax dollars thrown into the pit of hope when it comes to creating jobs and dealing with our current energy problems. Hope that LED lights, electric cars and solar panels will stimulate the economy and rescue us from our dependence [...]
Obama was feeling his “victory” today with the new financial reform bill hammered out by the House Financial Services Committee and the Senate Banking Committee, but why does the United States banks and businesses, need more regulation? Why hasn’t there been an investigation of the SEC, the Federal Reserve, the Treasurery Secretary, and the bank auditors? Why not just enforce the rules and regulations already in place?
So how are they doing? GM turned a first quarter profit of 865 million, and Chrysler lost another 197 million. Does it matter? Fannie and Freddie are still losing. We’re not getting the money back regardless of outcomes. The car companies will just join the other industries at the private slush fund party celebrating.
For the record, eight of the ten brokerage houses that dodged criminal accountability in that same settlement went on to receive TARP funds in 2009
Another giant bailout is in play, this time for a country “too big too fail.” It isn’t a matter of proactively attempting to save Greece. It’s more that the member nations are trying to defensively avoid being sucked down the same drain.
To this day, even after almost a trillion in bailout funds have changed hands, no one knows the specifics of the investments labeled “toxic. No one knows what they are, or even where they are. We cannot account for how the bail out money was used.
Is this truly a good thing that we, as a nation, have more people receiving tax refunds or would it be better that people are paying more taxes because they are earning more?
Coal, Natural Gas and Oil are a Reality.
Politics and extreme ideology have entered into the energy mix here in Texas and the consequences will mean longer unemployment lines and higher costs for power. Under pressure from environmentalist groups like the Sierra Club and their partners and bolstered by the draconian regulations issued by the EPA, CPS energy will be closing the Deely Power [...]
September 19, 2011 / 3 Comments / Read More