Posts Tagged ‘Solazyme’

Newsflash: Obama Stimulus Was A Leftwing Boondoggle Created To Financially Benefit Obama-Connected Liberals

December 17, 2011

Obama keeps talking about the Republican culture of corruption because he’s the most dishonest man who has ever “occupied” the White House and he knows the media is as dishonest as he is.

The Obama stimulus porker – you know, that thing that didn’t create any jobs but cost the American taxpayers not $862 billion but rather $3.27 TRILLION – keeps looking worse and worse as we get the 20/20 vision to examine it.  Even the CBO is now stating for the record that their previous analysis was off, and that this stimulus turd was in fact a turd.

Obama laid a $3.27 TRILLION turd and nobody’s talking about it.

Well, now there’s this:

Outrage! Author of ‘stimulus’ tied to companies funded by bill: Received hundreds of millions in government grants, loans.
Posted on December 14, 2011 at 9:14 PM EST
By Aaron Klein

An advisor to President Obama who played a key role in developing the energy provisions of the so-called stimulus bill has graced the board of several companies that recently received government funds, including hundreds of million in “stimulus” money.

TJ Glauthier served on Obama’s 2008 White House Transition Team. He is widely credited with helping to craft the energy provisions of the American Recovery and Reinvestment Act of 2009, also known as the “stimulus.”

In addition to serving on the boards of multiple major energy companies, Glauthier previously held two Presidential appointments during the Clinton Administration.

He was the Energy Department’s Deputy Secretary and Chief Operating Officer, the second-highest ranking official.

Earlier, he served in the White House for five years as the Associate Director for Natural Resources, Energy and Science in the Office of Management and Budget.

Glauthier is tied to several energy companies that benefited from the “stimulus” bill he helped to craft.

One such company investigated by KleinOnline is GridPoint Inc, where he was appointed to the board in March 2008. GridPoint provides utilities software solutions for electrical grid management and electric power demand and supply balancing.

The “stimulus” provides for $4.5 billion for so-called smart grid projects. GridPoint has benefited from scores of smart grid deals funded by the “stimulus” bill.

The company partnered with the Electric Transportation Engineering Corporation (eTec), Nissan, the Idaho National Laboratory and others in a project to deploy electric vehicles (EVs) and their charging infrastructure in five states. The Energy Department had awarded eTec almost $100 million in “stimulus” funds to support the project.

GridPoint’s role in the eTec project was to supply smart charging and data logging capability to utilities located in strategic markets of eTec’s program in Arizona, California, Oregon, Tennessee and Washington.

GridPoint also benefited from “stimulus” funds when it recently provided home energy management, load management and electric vehicle management software solutions for a KCP&L’s Green Impact Zone SmartGrid Demonstration in Kansas City, Mo. The project was the recipient of stimulus funding.

Additionally, GridPoint helped the Sacramento Municipal Utility District, or SMUD, to manage power from its customers’ rooftop solar panels.

The Arlington, Va.-based company had landed a contract to help the Sacramento, Calif.-based municipal utility manage renewable power integration, energy storage and home energy management systems. SMUD had won $127.5 million in stimulus funds from the Department of Energy to carry out the project, which also includes deploying 600,000 smart meters in its service territory.

Also, in early 2009, the Energy Department awarded Argonne National Laboratory nearly $2.7 million in stimulus funding for three solar-energy related research projects. In addition, Argonne reportedly shared another $5 million in stimulus funding for projects with GridPoint and other companies and the University of Illinois Sustainable Technology Center.

Besides benefiting from stimulus grants, GridPoint last year won a $28 million contract with the United States Postal Service to install energy management systems in selected post office locations across the U.S.

Glauthier, meanwhile, had come under fire in the conservative blogosphere after Fox News reported the U.S. Navy has purchased 450,000 gallons of biofuel for about $16 a gallon, or about 4 times the price of its standard marine fuel, JP-5, which has been going for under $4 a gallon.

HotAir reported last week that Glauthier is a “strategic advisor” to Solazyme, the California company that is selling a portion of the biofuel to the Navy.

HotAir noted Solazyme received a $21.8 million grant from the 2009 stimulus package.

Also, writing at BigGovernment two weeks ago, Whitney Pitcher found that prior to serving as advisor to Solazyme and after his time as part of Obama’s transition team, Glauthier served of the advisory board of SunRun, a solar financing company.

In October of 2010, just a few short months after Glauthier joined SunRun’s advisory board, SunRun secured a $6.73 million grant from this Treasury Department stimulus program. The company was the ninth largest recipient of such programs through the December, 2010.

With research by Brenda J. Elliott

Boy, is it ever a small world where Obama’s crony capitalist fascist government-dictated corruption is involved.

We also learn that a big Obama donor had his hand in the same pot: he was the founder of Gridpoint, after all:

The founder of an energy company that benefited from deals involving hundreds of millions in “stimulus” money made the maximum donation allowable to President Obama’s inauguration, WND has learned.

Peter L. Corsell, founder of GridPoint Inc., contributed $50,000 to the inauguration.

I wrote about that Solazyme biofuel boondoggle too. It’s beyond outrageous what Obama and his thieving friends are getting away with.

I say it and keep saying it: this is God damn America, and it will continue to be God damn America until we rid ourselves of this evil despot.

Blacks, Hispanics, women and young people – all the groups most responsible for bringing Obama to power – are the most cursed under this administration (you know, even as all of Obama’s fascist crony capitalist friends PROSPER):

After decades of hard-fought progress, black economic gains were reversed in Great Recession (updated: that link was deleted by WaPo, which is a very common tactic of the revisionist liberal media.  Here is a still-current link to this story)

Hispanics’ Unemployment Rate Soars

Women Losing Ground as Jobs Crisis Rages

U.S. Youth Unemployment At Arab Spring Levels

 With all due respect, it is nothing short of poetic justice.  You voted for an incredibly evil man and one day you will burn in hell for it.  But get you should all get your foretaste of that hell early, SHOULDN’T YOU?

The Obama Navy Illustrates Why America Is Sinking: PC Navy Buying Biofuel At $16 A Gallon

December 14, 2011

In Obama’s God damn America we do truly breathtakingly stupid things and then keep doing them until we collapse.  And then of course we can also add a healthy mixture of Obama’s crony capitalist fascism:

Navy buys biofuel for $16 a gallon
posted at 7:00 pm on December 11, 2011 by J.E. Dyer

This is going to help the Defense Department weather looming budget cuts, for sure. Teaming up with the Department of Agriculture (which has a cheery Rotary Club ring to it), the Navy has purchased 450,000 gallons of biofuel for about $16 a gallon, or about 4 times the price of its standard marine fuel, JP-5, which has been going for under $4 a gallon.

You won’t be surprised to learn that a member of Obama’s presidential transition team, T. J. Glauthier, is a “strategic advisor” at Solazyme, the California company that is selling a portion of the biofuel to the Navy. Glauthier worked – shock, shock – on the energy-sector portion of the 2009 stimulus bill.

The Navy sale isn’t Solazyme’s first trip to the public trough, of course. The company got a $21.8 million grant from the 2009 stimulus package.

Solazyme’s partner in the biofuel sale is Dynamic Fuels, a Louisiana company owned jointly by Tyson Foods and Tulsa-based Syntroleum. Tyson and Syntroleum are distinguished by having profitable lines of business that do not rely on government grants to unprofitable “green” projects. This does not make their biofuel product price-competitive with fossil fuels, however. (They were induced to develop biofuel manufacturing processes by a combination of subsidies and tax breaks.)

The Dynamic Fuels plant was opened for business in Geismar, LA in 2010, becoming by far the largest biofuels plant in North America – and reportedly, in combination with a plant in Finland, a producer of 94% of the world’s biofuels. This is great boosterism stuff, but the biofuels produced by Dynamic Fuels are still considerably more expensive than the fossil-fuel alternative. Dynamic Fuels has begun supplying aviation biofuel to KLM, the Dutch flag carrier, but of course, the use of more-expensive biofuels by commercial carriers has to be subsidized by governments.

If governments stopped subsidizing biofuels, their artificial “profitability” would disappear overnight. Price-wise, they can’t compete with fossil fuels. The day may come when they can, but subsidizing them while they don’t is not a method with any record of success for encouraging price efficiency. What it does instead is create languishing public dependencies and tremendous opportunities for cronyism, as demonstrated in the Solyndra scandal.

As the Institute for Energy Research article (top link) indicates, the US has enormous reserves of both conventional and unconventional oil and natural gas resources. Opening them up for exploitation would, among other things, ensure that the US armed forces could buy cheaper fuel – cheaper than today’s prices – produced in the USA. At a time when federal debt is spiraling and the Defense Department is facing budget cuts that are guaranteed to gut the fighting forces and render them ineffective, it seems to border on insane to eschew a ready, significantly cheaper alternative and require the armed services to quadruple what they pay for fuel as a proof of concept – apparently with the idea that the forces should buy more of the 4-times-as-expensive fuel. This is, after all, our national security we’re talking about.

While Obama is making the Navy shoot itself in both feet by buying fuel that costs FOUR TIMES what they need to spend, he is simultaneously demanding that the military’s budget be gutted by $600 billion – AFTER he already gutted it $450 billion the year before.

And to “pay for” forcing the Navy to purchase fuel that costs four times more than what they had been buying, Obama is going to lay off more than 3,000 valuable mid-level sailors who make up the heart of our armed forces.

Hopefully all that biofuel is for ships with names like “The USS Dodo Bird.” Because that’s the way we’re going under this president’s leadership. Or maybe the “USS Teapot Dome” in honor of Obama’s in-your-face blatant corruption.