Wintery Knight

…integrating Christian faith and knowledge in the public square

How Barack Obama used taxpayer dollars to outsource green energy jobs

This is from Hans Bader at GlobalWarming.org.

He links to this ABC News story.

Excerpt:

Despite all the talk of green jobs, the overwhelming majority of stimulus money spent on wind power has gone to foreign companies, according to a new report by the Investigative Reporting Workshop at the American University’s School of Communication in Washington, D.C.

Nearly $2 billion in money from the American Recovery and Reinvestment Act has been spent on wind power, funding the creation of enough new wind farms to power 2.4 million homes over the past year. But the study found that nearly 80 percent of that money has gone to foreign manufacturers of wind turbines.

“Most of the jobs are going overseas,” said Russ Choma at the Investigative Reporting Workshop. He analyzed which foreign firms had accepted the most stimulus money. “According to our estimates, about 6,000 jobs have been created overseas, and maybe a couple hundred have been created in the U.S.” Even with the infusion of so much stimulus money, a recent report by American Wind Energy Association showed a drop in U.S. wind manufacturing jobs last year.

[...]Iberdrola, one of the largest operators of renewable energy worldwide, is based in Spain and has received the most U.S. stimulus dollars — $577 million. It buys some of its turbines from another Spanish manufacturer, Gamesa, which has a U.S. connection. Gamesa has two facilities to manufacture turbine blades in Pennsylvania, but the company said the market forced it to temporarily lay off nearly 100 workers.

[...]A Chinese company called A-power is helping to build a massive $1.5 billion wind farm in West Texas. The consortium behind the project expects to get $450 million in stimulus money.

Walt Hornaday, an American partner on the project, said it would create some American jobs. “Our estimation,” he said, “is that we are going to have on the order of 300 construction jobs just within the fence of the project.”

But that’s in addition to 2,000 manufacturing jobs — many of them in China.

And this News Max story.

Excerpt:

Gulf Oil CEO Joe Petrowski says President Barack Obama’s weekend comments in Brazil that the United States looks forward to purchasing oil drilled for offshore by that nation “is rather puzzling,” and “hypocritical” as his administration has imposed a virtual moratorium on domestic drilling. The signal to purchase more foreign oil comes after the U.S. Export-Import Bank invested more than $2 billion with Brazil’s state-owned oil company, Petrobras, to finance exploration.

“Any drilling, or any new production, especially production outside the Mideast – that is inherently unstable and probably is going to become more unstable as we move forward – is a positive,” Petrowski said Tuesday on Fox News.

“But why Brazil, when we could have the jobs and foreign exchange in this country, is rather puzzling – and I’d say somewhat humorous,” Petrowski told Fox News’ Neal Cavuto. “What is it about Brazil that they have that we don’t have?

Read the rest here - there’s a lot more Obama outsourcing to read about.

Filed under: News, , , , , , , , , , , , , , , , , , ,

Obama spent $1.6 billion on Chinese wind and $2 billion on Brazilian oil

Obama Budget Deficit 2011

Obama Budget Deficit 2011

ABC News reports on the subsidies for Chinese wind turbines. (H/T GP)

Excerpt:

Despite all the talk of green jobs, the overwhelming majority of stimulus money spent on wind power has gone to foreign companies, according to a new report by the Investigative Reporting Workshop at the American University’s School of Communication in Washington, D.C.

Nearly $2 billion in money from the American Recovery and Reinvestment Act has been spent on wind power, funding the creation of enough new wind farms to power 2.4 million homes over the past year. But the study found that nearly 80 percent of that money has gone to foreign manufacturers of wind turbines.

“Most of the jobs are going overseas,” said Russ Choma at the Investigative Reporting Workshop. He analyzed which foreign firms had accepted the most stimulus money. “According to our estimates, about 6,000 jobs have been created overseas, and maybe a couple hundred have been created in the U.S.”

Even with the infusion of so much stimulus money, a recent report by American Wind Energy Association showed a drop in U.S. wind manufacturing jobs last year.

NewsMax reports on the subsidies for Brazilian oil driling. (H/T GP)

Excerpt:

Gulf Oil CEO Joe Petrowski says President Barack Obama’s weekend comments in Brazil that the United States looks forward to purchasing oil drilled for offshore by that nation “is rather puzzling,” and “hypocritical” as his administration has imposed a virtual moratorium Gulf Oil,Joe Petrowski, Barack Obama, Brazil, Drillingon domestic drilling. The signal to purchase more foreign oil comes after the U.S. Export-Import Bank invested more than $2 billion with Brazil’s state-owned oil company, Petrobras, to finance exploration.

“Any drilling, or any new production, especially production outside the Mideast – that is inherently unstable and probably is going to become more unstable as we move forward – is a positive,” Petrowski said Tuesday on Fox News.

“But why Brazil, when we could have the jobs and foreign exchange in this country, is rather puzzling – and I’d say somewhat humorous,” Petrowski told Fox News’ Neal Cavuto. “What is it about Brazil that they have that we don’t have?

“What concerns me – in addition to we are going to lose the jobs, and in addition to not having the foreign exchange – is one of the untold problems, I think, in the world oil markets, besides that we are getting too much of our oil from the Mideast, is 75 percent of our oil is being produced by government-run entities,” he continued.

“And I just have a theory that private companies are going to be more efficient in finding it, and getting it out at a more reasonable price, than state-owned companies,” Petrowski said.

Cavuto asked whether buying oil from Brazil is bad for the U.S. economy.

“It would be a lot better if we had the drilling here,” Petrowski said. “And it seems a double standard and it seems somewhat hypocritical [that] a country that desperately needs jobs, and we need them here, that we are encouraging other countries to create the jobs that we need.”

Obama has so much taxpayer money to hand out to China and Brazil, but now he wants to prevent AMERICAN oil companies from getting tax deductions for asset depreciation (depletion allowance).

What happens when we use American taxpayer dollars to stimulate energy production in other countries?

Gas Prices under Obama and Bush

Gas Prices under Obama and Bush

We pay more for energy, that’s what. Because we shipped our energy sector jobs overseas.

From the Washington Examiner. (H/T JWF)

Excerpt:

At least $53 million in federal funds have gone to ACORN activists since 1994, and the controversial group could get up to $8.5 billion more tax dollars despite being under investigation for voter registration fraud in a dozen states.

The economic stimulus bill enacted in February contains $3 billion that the non-profit activist group known more formally as the Association for Community Organizations for Reform Now could receive, and 2010 federal budget contains another $5.5 billion that could also find its way into the group’s coffers.

An Examiner review of federal spending data found that ACORN has received at least $53 million in federal money since 1994.

Meanwhile, Obama gave $3 billion taxpayer dollars to ACORN, which has been indicted on voter fraud charges, and 0.35 billion taxpayer dollars to Planned Parenthood, which has been caught on film covering-up statutory rape. Why is it that organizations that support Democrats like ACORN and Planned Parenthood are below the radar, while Obama keeps complaining about oil companies? Does taxing oil companies make the price at the pump go down? Or rather, doesn’t taxing oil companies cause the price at the pump to go up? And if taxing companies is such a good idea, why did Obama’s favorite crony corporation GE make $14.2 billion in profits in 2010, but pay NOTHING in taxes?

UPDATE: This post linked by the Competitive Enterprise Institute.

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Why is it so cold in South America? Is it global warming?

Consider this post from Watts Up With That.

Excerpt:

A brutal and historical cold snap has so far caused 80 deaths in South America, according to international news agencies. Temperatures have been much below normal for over a week in vast areas of the continent. In Chile, the Aysen region was affected early last week by the worst snowstorm in 30 years. The snow accumulation reached 5 feet in Balmaceda and the Army was called to rescue people trapped by the snow.

In Argentina, the snow in the region of Mendoza, famous for its winery, was described by local meteorologists as the heaviest in a decade. The temperature in the morning of July 16th was the lowest in the city of Buenos Aires since 1991: -1.5C. The cold snap caused a record demand for energy and Argentina had to import electricity from Brazil. Many industries in Argentina were shut down due to gas shortage.

It snowed in nearly all the provinces of Argentina, an extremely rare event. It snowed even in the western part of the province of Buenos Aires and Southern Santa Fe, in cities at sea level.

And more from a different Watts Up With That post. A map!

It’s global warming!!!

A brutal and historical cold snap has so far caused 80 deaths in South America, according to international news agencies. Temperatures have been much below normal for over a week in vast areas of the continent. In Chile, the Aysen region was affected early last week by the worst snowstorm in 30 years. The snow accumulation reached 5 feet in Balmaceda and the Army was called to rescue people trapped by the snow.

In Argentina, the snow in the region of Mendoza, famous for its winery, was described by localimagemeteorologists as the heaviest in a decade. The temperature in the morning of July 16th was the lowest in the city of Buenos Aires since 1991: -1.5C. The cold snap caused a record demand for energy and Argentina had to import electricity from Brazil. Many industries in Argentina were shut down due to gas shortage.

It snowed in nearly all the provinces of Argentina, an extremely rare event. It snowed even in the western part of the province of Buenos Aires and Southern Santa Fe, in cities at sea level.

The most famous beach of Argentina, Mar del Plata, was whitened by the snow in the morning of July 15th, a scene only seen in recent memory in 1991, 2004 and 2007.

Filed under: News, , , , , , , , , , , ,

Charles Krauthammer and Ralph Peters on Obama’s foreign policy

What will we do now?

Moderate conservative Charles Krauthammer summarizes Obama’s foreign policy in the Washington Post. (H/T Muddling Towards Maturity)

Excerpt:

It is perfectly obvious that Iran’s latest uranium maneuver, brokered by Brazil and Turkey, is a ruse. Iran retains more than enough enriched uranium to make a bomb. And it continues enriching at an accelerated pace and to a greater purity (20 percent).

It will… make meaningful sanctions more difficult.

[...]But the deeper meaning of the uranium-export stunt is the brazenness with which Brazil and Turkey gave cover to the mullahs’ nuclear ambitions and deliberately undermined U.S. efforts to curb Iran’s program.

The real news is that already notorious photo: the president of Brazil, our largest ally in Latin America, and the prime minister of Turkey, for more than half a century the Muslim anchor of NATO, raising hands together with Mahmoud Ahmadinejad, the most virulently anti-American leader in the world.

Krauthammer then explains what drove Brazil and Turkey to abandon US interests and side with Iran.

He writes:

They’ve watched America acquiesce to Russia’s re-exerting sway over Eastern Europe, over Ukraine (pressured by Russia last month into extending for 25 years its lease of the Black Sea naval base at Sevastopol) and over Georgia (Russia’s de facto annexation of Abkhazia and South Ossetia is no longer an issue under the Obama “reset” policy).

They’ve watched our appeasement of Syria, Iran’s agent in the Arab Levant — sending our ambassador back to Syria even as it tightens its grip on Lebanon, supplies Hezbollah with Scuds, and intensifies its role as the pivot of the Iran-Hezbollah-Hamas alliance. The price for this ostentatious flouting of the U.S. and its interests? Ever more eager U.S. “engagement.”

They’ve observed the administration’s gratuitous slap at Britain over the Falklands, its contemptuous treatment of Israel, its undercutting of the Czech Republic and Poland, and its indifference to Lebanon and Georgia. And in Latin America, they see not just U.S. passivity as Venezuela’s Hugo Chavez organizes his anti-American “Bolivarian” coalition while deepening military and commercial ties with Iran and Russia. They saw active U.S. support in Honduras for a pro-Chavez would-be dictator seeking unconstitutional powers in defiance of the democratic institutions of that country.

Now take a look at the words of moderate Ralph Peters in the NY Post. (H/T Muddling Towards Maturity)

Excerpt:

What Brazil and Turkey just did wasn’t intended to impede Tehran, but to make it harder for Western powers to impose sanctions. Both countries want Iran to run interference for them.Once Iran gets the bomb and takes the (slight) heat, Brazil and Turkey both intend to go nuclear.

Brazil wants vanity nukes to cement its position as South America’s hegemon, a regional alternative to the US. Turkey’s slow-roll Islamist government dreams of a new Ottoman age — as it turns from the West to embrace the Muslim states it ruled a century ago. After easing Tehran’s path to the bomb, Ankara will claim that it needs its own nuclear capability to maintain regional stability.

But the coming widespread proliferation of nuclear weapons will be profoundly destabilizing. Each Middle Eastern country, especially, that goes nuclear increases the probability of a nuke exchange exponentially.

As Western states fantasize about a “nuclear-weapons-free world,” their developing-world darlings are scrambling like mad to develop nuclear arsenals. And we don’t get it.

Filed under: News, , , , , , , , , , , , , , , ,

Obama blocks drilling at home, makes loan to Soros-backed firm to drill in Brazil

Story from the Wall Street Journal. (H/T This Ain’t Hell via ECM)

Excerpt:

The U.S. is going to lend billions of dollars to Brazil’s state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil’s Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil’s planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.

The U.S. Export-Import Bank tells us it has issued a “preliminary commitment” letter to Petrobras in the amount of $2 billion and has discussed with Brazil the possibility of increasing that amount. Ex-Im Bank says it has not decided whether the money will come in the form of a direct loan or loan guarantees. Either way, this corporate foreign aid may strike some readers as odd, given that the U.S. Treasury seems desperate for cash and Petrobras is one of the largest corporations in the Americas.

Why create jobs and cheaper energy here at home, when you can create jobs and cheaper energy in Brazil?

Blocking energy production is the Democrats’ energy policy

Gateway Pundit adds:

Team Obama approved a nuclear energy program for the UAE in May.
But, Obama and the Pelosi-Reid Democrats will not allow nuclear energy expansion in the United States.

Already this year democrats banned offshore drilling, scrapped oil and gas leases in Utah and opened the 111th Congress by introducing a bill to permanently prohibit drilling in the Arctic National Wildlife Refuge (ANWR).
But, Team Obama is going to lend billions of dollars to Brazil to finance exploration of its huge offshore oil field discovery.
Unreal.

[...]Over the past 30 years:

Democrats have blocked the development of new sources of petroleum.
Democrats have blocked drilling in ANWR.
Democrats have blocked drilling off the coast of Florida.
Democrats have blocked drilling off of the east coast.
Democrats have blocked drilling off of the west coast.
Democrats have blocked drilling off the Alaskan coast.
Democrats have blocked building oil refineries.
Democrats have blocked clean nuclear energy production.
Democrats have blocked clean coal production.

If there is no energy crisis, how can the Democrats trick the public into letting them take control of the free market? You commoners don’t really need fancy light bulbs and gas-powered carriages. Those are only for your betters in Washington!

George Soros is heavily invested in Petrobras

Check out this Bloomberg article dated last Friday: (H/T Hot Air)

His New York-based hedge-fund firm, Soros Fund Management LLC, sold 22 million U.S.-listed common shares of Petrobras, as the Brazilian oil company is known, according to a filing today with the U.S. Securities and Exchange Commission. Soros bought 5.8 million of the company’s U.S.-traded preferred shares.

Soros is taking advantage of the spread between the two types of U.S.-listed Petrobras shares, said Luis Maizel, president of LM Capital Group LLC, which manages about $4 billion. The common shares were 21 percent more expensive than preferred today, according to data compiled by Bloomberg. …

Petrobras preferred shares have also a 10 percent additional dividend, said William Landers, a senior portfolio manager for Latin America at Blackrock Inc.

“Given that there will most likely never be a change in control in the company, I see no reason to pay a higher price for the common shares.” Brazil’s government controls Petrobras and has a majority stake of voting shares.

Ed Morrissey writes:

This story is from last Friday.  Is it a coincidence that Obama backer George Soros repositioned himself in Petrobras to get dividends just a few days before Obama committed $2 billion in loans and guarantees for Petrobras’ offshore operations?   Hmmmmmmmmmm.

On her Facebook page, Sarah Palin is extremely displeased.

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