My morning delight, also known as POLITICO’s Morning Energy, informed me today that six major print sources have devoted 89 articles to the Solyndra scandal that wasn’t. I count 6.5 since we covered it—but I dock us .5 since we are not technically a print source.
Interestingly, there are far worse things going on, as my darlings at ME point out. For example, the military lost between $31 and $60 billion to the waste and fraud of its contractors (for some great examples of the waste, see Mother Jones). Did you know that? I knew that the military was doing some good, making moves to use cleaner energy sources in the name of national security and protecting our troops (see El C’s earlier post). But, I didn’t not know about this. I didn’t because I paid attention to a loan default that is nearly 58 times smaller in comparison. Conservatives say they’re for the taxpayer. Hold a hearing on this waste, fraud, and abuse. Sen. Coburn, expand the Mother Jones piece for me, will ya? Leave the shrimp and their treadmills alone.
Unfortunately, this blessed event won’t take place. Not because Solyndra will remain the apple of everyone’s eye. In the search for a juicer scandal, enter EPA’s Inspector General. (I’ll save those deets for a forthcoming post.)
Because as we scandal watch, the rest of the world continues chowing down on our lunch. My favorite international focus, China, may be the world’s largest energy consumer (overall, not per capita), but the type of energy they consume will soon change. Not only are the Chinese heavily subsidizing domestic PEV production (see “It’s Electric” post), Chinese Premier Wen is making bold statements to encourage an energy revolution. Okay, that may be a slight overstatement, but he is calling to reduce carbon emissions per GDP by as much as 45 percent in 2020 from 2005 levels. It blows out of the water the Waxman-Markey goal for 17% reductions in carbon emissions in 2020 from 2005 levels. The Premier is quoted as saying: “We have to fully recognize the urgency and extreme importance of energy conservation and emissions reduction. We have to make clear the responsibilities of every level of government and relevant businesses.” That means cleaner fossil fuels and renewables. Meanwhile, we continue to subsidize coal above all else.
Lindsey Graham, I’m finding myself with less food around the 12 o’clock hour. Help?