20 Sep

Obama’s green economy is about to cost you a fortune [Reader Post]

                                       

Barack Obama has spared no effort attempting to shove the US towards a so-called “green economy.” The same green economy nearly bankrupted Spain and has been nothing but a miserable failure here.

China is now in the process of changing the sticker price of Obama’s green economy and they are sending it skyward. They are tightening control of rare Earth metals.

The kind used in pretty much everything Obama is trying shove down our throats.

BEIJING — In the name of fighting pollution, China has sent the price of compact fluorescent light bulbs soaring in the United States.

By closing or nationalizing dozens of the producers of rare earth metals — which are used in energy-efficient bulbs and many other green-energy products — China is temporarily shutting down most of the industry and crimping the global supply of the vital resources.

China produces nearly 95 percent of the world’s rare earth materials, and it is taking the steps to improve pollution controls in a notoriously toxic mining and processing industry. But the moves also have potential international trade implications and have started yet another round of price increases for rare earths, which are vital for green-energy products including giant wind turbines, hybrid gasoline-electric cars and compact fluorescent bulbs.

General Electric, facing complaints in the United States about rising prices for its compact fluorescent bulbs, recently noted in a statement that if the rate of inflation over the last 12 months on the rare earth element europium oxide had been applied to a $2 cup of coffee, that coffee would now cost $24.55.

An 11-watt G.E. compact fluorescent bulb — the lighting equivalent of a 40-watt incandescent bulb — was priced on Thursday at $15.88 on Wal-Mart’s Web site for pickup in a Nashville, Ark., store.

Wal-Mart, which has made a big push for compact fluorescent bulbs, acknowledged that it needed to raise prices on some brands lately. “Obviously we don’t want to pass along price increases to our customers, but occasionally market conditions require it,” Tara Raddohl, a spokeswoman, said. The Chinese actions on rare earths were a prime topic of conversation at a conference here on Thursday that was organized by Metal-Pages, an industry data firm based in London.

The cost of everything related to the green economy is going to go up.

Soaring prices are rippling through a long list of industries.

“The high cost of rare earths is having a significant chilling effect on wind turbine and electric motor production in spite of offsetting government subsidies for green tech products,” said one of the conference attendees, Michael N. Silver, chairman and chief executive of American Elements, a chemical company based in Los Angeles. It supplies rare earths and other high-tech materials to a wide range of American and foreign businesses.

But with light bulbs, especially, the timing of the latest price increases is politically awkward for the lighting industry and for environmentalists who backed a shift to energy-efficient lighting.

It seems that everything Obama does benefits China. Barack Obama not only has zero business sense, he had to have failed physics.

Especially Newton’s Third Law.

About DrJohn

DrJohn has been a health care professional for more than 30 years. In addition to clinical practice he has done extensive research and has published widely with over 70 original articles and abstracts in the peer-reviewed literature. DrJohn is well known in his field and has lectured on every continent except for Antarctica. He has been married to the same wonderful lady for over 30 years and has three kids- two sons, both of whom are attorneys and one daughter on her way into the field of education. DrJohn was brought up with the concept that one can do well if one is prepared to work hard but nothing in life is guaranteed. Except for liberals being foolish.
This entry was posted in Barack Obama, Baracks Broken Promises, Economy, Politics, propaganda bureau and tagged , , , , . Bookmark the permalink. Tuesday, September 20th, 2011 at 8:06 am
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9 Responses to Obama’s green economy is about to cost you a fortune [Reader Post]

  1. oil guy from Alberta says: 1

    The 4 billion$ loophole for huge oil companies is a complete lie. The majors are out of the oil depletion loop and the middle to small companies do the secondary and tertiary recoveries. Congress spends 4 billion daily. There’s the problem!
    Do you folks know that mini fluorescents on a grand scale causes your power to go inductive? Costs a fortune to balance the phase angle with capacitance. Up goes the power rates as usual as more equipment is needed.
    Its unbelievable the lies that are being spewed out on a daily basis. Obumma can’t justify his incompetence.

    ReplyReply
  2. Skookum says: 2

    We should not forget, we can thank Bush for this fluorescent light debacle. He signed the bill in 2007.

    We are now about to pay for our legislators bowing to hysterical hype, rather than listening to real science.

    China now has the ability to steal even more of the wealth of America at an unprecedented rate and they are laughing at the stupidity of our politicians who facilitate their rise to economic superiority.

    There is an advantage to this lunacy by US policy makers: China has learned that fighting us in a war is expensive and risky, but defeating us in the economic arenas of Green Energy, trade, and finance with a dimwits like Obama and our Congress is embarrassingly easy.

    ReplyReply
  3. Nan G says: 3

    Even here in ObamaLand of fruits and nuts, CA the most lefty of the left are throwing union workers under the bus in favor of cheap labor from China!

    http://www.npr.org/2011/09/16/140515737/california-turns-to-china-for-new-bay-bridge
    California is spending more than $7 billion building what it says will be an architectural marvel: the new San Francisco-Oakland Bay Bridge. But the state saved a lot of money sending some of the construction work overseas.

    …..

    [T]he massive cable, key sections of the iconic tower and deck were all made in China.
    …..

    There was a $400 million differential in that bid [between China and unionized Americans.]

    ReplyReply
  4. Nan G says: 4

    Solyndra’s CFO and CEO will be invoking the 5th at a Congressional hearing this Friday.

    ReplyReply
  5. Nan G says: 5

    There are THREE major scandals brewing against Obama.
    Gunwalker,
    Solyndra and
    the one where a general was pressured to change his testimony.

    So, naturally Obama wants as many good defenders of him on the Dem lineup of the House Judiciary Committee.
    So is it a surprise that today, for no reason at all, Debbie Wasserman Schultz, Florida Democrat, submitted her resignation as a member of the House Judiciary Committee?
    Apparently Obama pegged her correctly: a smile is all she had.
    See:
    http://www.washingtontimes.com/blog/watercooler/2011/sep/20/picket-wasserman-schultz-resigns-house-judiciary-c/

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  6. James Raider says: 6

    DrJohn,
    “It seems that everything Obama does benefits China”

    Got that right. GM, that paragon of union ingenuity, is now about to hand China its crown jewels, . . . Here you go China, here are the keys to our safe.

    Perhaps these geniuses haven’t been paying attention for the past few years, but China has been stealing technology, and whole companies, left and right.

    How much worse can these people, who are in Obama’s pockets, make America? None of this will turn out well.

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  7. Toothfairy says: 7

    I fail to see anything environmentally “green” in a bulb that uses rare earth minerals and is difficult to recycle due to the toxic mercury content. However, the “green” lining the pockets of those forcing us to swallow this argument is enough to make me see red!

    ReplyReply
  8. cml in maine says: 8

    Our current Governor in Maine gave the middle finger to the wind turbine scams ongoing here. Wholesale power purchase agreements of starting at 18 cents a Kilowatt hour when 1 out of 3 people here receive government assistance to live.

    Wind farms that do not generate energy during the daytime when energy demand is peak.

    In Maine, they blow up mountains and clear cut forest to place “a” turbine. Sections where the trees would offset carbon dioxide far more than a turbine operating at 16% efficiency.

    Worst, our little corrupt newspaper is run by the friend of the ahole who is creating this destruction.

    ReplyReply
  9. Nan G says: 9

    Obama calls Illinois his home.
    Illinois’ share of the weatherization program in 2009 was $242 million.

    The goal was weatherizing 27,000 homes for $9,000 each.

    October 2010, Gregory H. Friedman, Inspector General at the Department of Energy, issued a scathing report on Illinois’ weatherization program funded with stimulus dollars.

    Among his findings were that 14 out of 15 “weatherized” homes failed final inspection because of poor workmanship and 12 out of 15 homes contained substandard work that could have “resulted in significant property damage or injury to the homeowners.”

    In one weatherized home, 11 out of 14 items the weatherization contractor installed failed inspection. Another home had an improperly installed exhaust system that turned out to be a potential fire hazard.

    The audit also found that the number of gas leaks discovered was “alarming.”

    Worst still, Friedman reported that contractors hired to weatherize homes charged homeowners prices significantly higher than market value for the items they installed.

    “For example, CEDA’s published prices for smoke alarms, fire extinguishers, and thermostats ranged from about 120 percent to 200 percent over the average retail price.

    Contractors also would over-charge for services that were never carried out.

    Example in the report:
    “A contractor had installed one carbon monoxide detector, but had billed CEDA for 3; another contractor had installed 12 light bulbs, but had billed CEDA for 20; and, yet another had failed to install a gas shut-off valve, but had billed for the work. In addition, a contractor had billed for almost four times the amount of drywall actually installed.”

    One member of the advisory board overseeing the state program, Republican state Sen. Dan Duffy, resigned from the non-voting position in March 2011 because he so incensed at what he saw to be an obvious waste of taxpayer money

    “The more questions I asked, the more I was told ‘Dan, you don’t really have a vote,’” Duffy said.

    Read more: http://dailycaller.com/2011/09/21/energy-dept-weatherization-programs-rife-with-waste-fraud-inspector-general-audits-show/#ixzz1YcUs26tP

    ReplyReply

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