Democrats New Energy Plan

Democrats don't yet get the message, global warming has been cancelled, replaced by global freezing. Meanwhile, the money people aware of the coming ice age, are running for the hills ... Ethanol Bust

Indeed, plans for as many as 50 new ethanol plants have been shelved in recent months, as Wall Street pulls back from the sector, says Paul Ho, a Credit Suisse investment banker specializing in alternative energy. Financing for new ethanol plants, Ho says, "has been shut down."

Doesn't stop the global warming hoaxers, they run on 100% pure faith.


House Democrats passed legislation again yesterday to levy $18 billion in new taxes on oil companies, an industry that is already overtaxed by government. The bill passed 236-182 largely along party lines.

AP - Hoyer acknowledged "this legislation alone will not bring down gas prices." But he said the measure will provide a needed boost to alternative energy industries — solar, wind, biofuels, and geothermal — and help promote energy conservation. "That may bring down gas prices three years from now, 10 years from now," he said.

Isn't this just grand, in the meantime you get to pay more for food, pay more for fuel and pay more for taxes. But it may -- However like most things Democrat, ever notice how none of what they ever say is true? It's a habit with them, the only truth is the new taxes. Democrats made simple -- Raise taxes, fund socialism and gun control. It's all they really know.

The bill would roll back two lucrative tax breaks for the five largest U.S. oil companies. One helps manufacturers compete against foreign companies; the other gives American companies a tax credit related to oil and gas extraction outside the country. Democrats estimated that those current breaks would save the oil companies $17.65 billion in taxes over the next 10 years.

The House-passed bill would use that money to promote renewable energy industries — such to promote renewable energy industries — such as wind, solar and cellulosic ethanol plants — by extending tax credits that recently expired or are scheduled to end at year's end...

The oil industry has lobbied intensely against the House tax legislation, calling it a "discriminatory bill" that targets companies that already pay considerable taxes. "New taxes ... will even further reduce our energy security by discouraging new domestic oil and natural gas production and refinery capacity expansions," the American Petroleum Institute said in a statement.

This latest move by the Pelosi-Reid Congress is not surprising. They just do the same stupid things, over and over again. Those of you too young to remember President Jimmy Carter, you look to be getting a second chance. I knew Jimmy Carter, you do not want to repeat the misery he caused.

Democrats have always been against lower fuel prices, a vibrant capitalist economy, oil drilling and exploration. Gaia is their patron saint. Hey you can call liberals stupid, but they are persistent in their stupidity.

No oil, but we get socialized windmills, pabulum and lots of nice nothings from the empty headed ObamaOsama mama. And what do you do when the windmills crap out, you do know the wind doesn't blow on demand don't you? Well the windmills ran out of wind yesterday in Texas, giving darkness.

A drop in wind generation late on Tuesday, coupled with colder weather, triggered an electric emergency that caused the Texas grid operator to cut service to some large customers, the grid agency said on Wednesday.

Electric Reliability Council of Texas (ERCOT) said a decline in wind energy production in west Texas occurred at the same time evening electric demand was building as colder temperatures moved into the state.

The grid operator went directly to the second stage of an emergency plan at 6:41 PM CST (0041 GMT), ERCOT said in a statement.

System operators curtailed power to interruptible customers to shave 1,100 megawatts of demand within 10 minutes, ERCOT said. Interruptible customers are generally large industrial customers who are paid to reduce power use when emergencies occur.

No word on the economic loss for the wind shortage. Maybe we should send out subsidy checks for the damages. Just add it to the bill.

Who says Democrats aren't nuts? Prove it ...