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BP GETTING $308 IN FEDERAL STIMULUS FUNDS FOR CALIFORNIA POWER PLANT – When Will Washington Finally Wake Up?

August 8, 2010

Is Washington Out-of-Control and divorced from Reality?

This news event weather a travesty of justice or another somewhat  manic-satire  by the U.S. government was brought to my attention complements of Mr. Arno A. Evers of Germany www.hydrogenambassadors.com.First and foremost, the stimulus funds was designed to create jobs and promote investment and consumer spending during the recession. Whether this news event creates jobs for the everyday American or not, why is the U.S. Government trying to get money out of the oil giant BP for the oil spill while at the same time giving them millions of dollars in stimulus money to build a power plant in Southern CA.

 

After reading the article, we would be interested in hearing your comments.

The August 7, 2010 article by Will Evens in “Chron Viewpoints, Outlook states:

“The federal government is giving a joint venture involving oil giant BP millions of dollars in stimulus money to build a power plant on Southern California farmland, even as the company faces heavy government pressure and a criminal probe into the Gulf of Mexico oil spill.

BP is benefiting from a $308 million federal grant over several years to help build the power plant on cotton and alfalfa fields seven miles from Bakersfield. Half of the money is coming from stimulus funds and the rest from other federal programs.

The stimulus portion alone qualifies as the second biggest award in California to a corporation and among the largest in the country benefiting private interests, according to data reported by stimulus recipients to the government.

The U.S. Department of Energy announced the grant last year to Hydrogen Energy California, a joint partnership of BP and the multinational mining firm Rio Tinto, and has paid out $13.6 million so far. The money continues to flow even as the Obama administration bills BP for the massive costs of the oil spill.”

To read the entire article please visit: http://tinyurl.com/barry-stevens4

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4 Comments leave one →
  1. Kevin W permalink
    August 8, 2010 3:35 PM

    I read the latest two posts and it seems like you’re merely pointing out the strangeness of the looming energy crisis.

    We’re going to hit peak oil, we’ll completely run out of oil at our current consumption level within my lifetime. Yet the popular solutions that are currently being discussed by the majority of the people is a. more drilling, b. wind. and c. solar.

    More drilling just expedites the problem, by lowering the cost of oil which increases our consumption and postpones the inevitable investments that need to be made by the corporate/consumer into alternative R&D.

    Wind simply needs to much land to work, and even at its peak could only cover 5-8% (rough guess) of the worlds power needs.

    Solar is just extremely expensive and requires the conversation from DC to AC power. Also rather hard to see as a complete replacement for oil, though it certainly could help.

    So far the most promising work I’ve seen is what Bill Gates is working on.

    Still a shot in the dark but at least it would be a suitable and long term solution.

    We have to start pouring massive amounts of capital into R&D or we are toast. America maybe more so then any other country in the world.

  2. August 9, 2010 7:13 AM

    Barry, thank you very much for spreading the news.

    What to do nex? That is the question to all concerned citizens.

    One can getrather confused by the way, the US is freely giving money
    away to companies, who are making profits in multi billions USD per year.

    Who thinks for/off small and medium enterprises? Who thinks of inventors,
    who are reall working hard on their goals to change the world?

    For me, I am loosing more and more the believe, that the US will ever cath up the technical leadership again, which this country once had. Good bless America! Good bless those, who have to decide who is getting what in the way of governmental support at energy research and it`s implementation into Society.

    Arno A. Evers
    Starnberg, Germany
    http://www.hadrogenambassadors.com

  3. August 12, 2010 7:42 PM

    From Subject (Thread Messages) Date Size
    LinkedIn Network Update
    Barry Stevens,

    Kevin Watford has just left a comment on your network update:

    “Within the next 30-50 years I’m not sure we’ll have much of a choice. Hopefully within the next 20 though we’ll have made huge strides towards that. If not… :(”

    Barry Stevens ‘s article “By How Much Should We Expect Renewables to Replace Fossil Fuels Over The Next 20 Years?” was published in “Comment Visions,” August 6, 2010, http://lnkd.in/4D9pFR Add a comment

  4. August 12, 2010 7:44 PM

    Comment posted in LinkedIn on this discussion.

    LinkedIn Groups
    Group: Biofuel
    Subject: New comment (1) on “Barry On Energy”
    Barry, it is much easier to work on some of these questions (and get meaningful answers) if we separate power generation and transportation fuels. While they do intersect at electric vehicles, biomass feedstock and maybe smart grid, the separation allows us to better relate to the curent value chain.

    Posted by Roman Wolff

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