Page 1 of 9 123 ... LastLast
Results 1 to 10 of 90

Thread: Boehner Demands $2 Billion for Ohio Plant After Solyndra

  1. #1
    Sage

    Join Date
    Sep 2007
    Last Seen
    09-24-17 @ 04:38 AM
    Lean
    Undisclosed
    Posts
    29,261

    Boehner Demands $2 Billion for Ohio Plant After Solyndra

    House Speaker John Boehner attacked the Obama administration for financing failed solar-panel maker Solyndra LLC, saying government shouldn’t pick winners and losers. That hasn’t stopped him from demanding that the U.S. make a winner of a nuclear-fuel plant in Ohio, his home state.
    Boehner is backing a $2 billion Energy Department loan guarantee sought by USEC Inc. (USU) for its American Centrifuge Plant in Piketon, Ohio, aimed at enriching uranium for commercial nuclear reactors.
    “When it comes to emerging energy technologies, the Republicans don’t want to pick winners and losers -- unless it’s nuclear power,” Ellen Vancko, nuclear energy and climate-change project manager in the Washington office of the Union of Concerned Scientists, said in an interview.
    The collapse of Solyndra, which filed for bankruptcy protection last month, two years after receiving a $535 million federal loan guarantee, isn’t a reason to withhold financing from USEC, Boehner said in a Sept. 30 posting on his website. He cited a promise by Obama in his 2008 presidential campaign to aid the company.
    “In the midst of the Solyndra controversy that has raised serious questions about the Obama administration’s oversight of taxpayer dollars, hundreds of Southern Ohio workers stand to lose their jobs if the Obama administration reneges on the president’s promise to support an energy project in the small town of Piketon, Ohio,” Boehner wrote. “I urge the administration to not betray the citizens of Ohio.”
    USEC’s political action committee has given $10,000 to committees supporting Boehner since 2010, according to filings with the Federal Election Commission.

    Boehner Demands $2 Billion for Ohio Plant After Solyndra - Bloomberg

  2. #2
    Doesn't go below juicy
    tacomancer's Avatar
    Join Date
    Jan 2010
    Location
    Cleveland
    Last Seen
    05-20-16 @ 02:42 PM
    Gender
    Lean
    Other
    Posts
    31,781

    Re: Boehner Demands $2 Billion for Ohio Plant After Solyndra

    Good, we should be building more nuke plants.

  3. #3
    Sage
    Disputatious71's Avatar
    Join Date
    Nov 2010
    Location
    Florida, USA
    Last Seen
    Today @ 06:33 AM
    Gender
    Lean
    Other
    Posts
    16,783
    Blog Entries
    3

    Re: Boehner Demands $2 Billion for Ohio Plant After Solyndra

    Quote Originally Posted by megaprogman View Post
    Good, we should be building more nuke plants.
    At least nuclear power is a proven efficient producer of electricity, unlike all these "green" technologies that have yet to cost less than current methods even with their government funded offsets! Even the article makes this clear ...
    Unlike Solyndra, which failed in the face of cheaper solar panels from China, USEC has almost $3 billion in future sales under contract to utilities, and the company holds about 25 percent of the $8 billion global market for uranium enrichment, Jacobson said.
    “There’s a pretty dramatic difference between us and Solyndra,” he said
    Last edited by Disputatious71; 10-30-11 at 08:11 AM.
    The question is more important than the answer!

  4. #4
    Doesn't go below juicy
    tacomancer's Avatar
    Join Date
    Jan 2010
    Location
    Cleveland
    Last Seen
    05-20-16 @ 02:42 PM
    Gender
    Lean
    Other
    Posts
    31,781

    Re: Boehner Demands $2 Billion for Ohio Plant After Solyndra

    Quote Originally Posted by Disputatious71 View Post
    At least nuclear power is a proven efficient producer of electricity, unlike all these "green" technologies that have yet to cost less than current methods even with their government funded offsets! Even the article makes this clear ...
    The article only seems to make clear the solar panels from china are cheaper than those made in the us...

  5. #5
    Sage
    Disputatious71's Avatar
    Join Date
    Nov 2010
    Location
    Florida, USA
    Last Seen
    Today @ 06:33 AM
    Gender
    Lean
    Other
    Posts
    16,783
    Blog Entries
    3

    Re: Boehner Demands $2 Billion for Ohio Plant After Solyndra

    Quote Originally Posted by megaprogman View Post
    The article only seems to make clear the solar panels from china are cheaper than those made in the us...
    I know one thing for sure, clearly you did not understand the economic stability of nuclear power vs the experimental instability of emerging technology...
    The question is more important than the answer!

  6. #6
    Banned
    Join Date
    Jun 2011
    Last Seen
    03-16-12 @ 11:02 PM
    Gender
    Lean
    Libertarian
    Posts
    7,624

    Re: Boehner Demands $2 Billion for Ohio Plant After Solyndra

    Nuclear technology is proven and we know it will work but the only way we can afford this is to take it from somewhere else.

  7. #7
    Educator
    Join Date
    Sep 2011
    Location
    ATL
    Last Seen
    07-07-12 @ 09:00 PM
    Lean
    Very Conservative
    Posts
    1,172

    Re: Boehner Demands $2 Billion for Ohio Plant After Solyndra

    While I do not know the specifics of the venture Boehner is supporting, I do know the article linked in the OP contained this comment ...........


    The Energy Department gave Areva SA of Paris conditional approval in May 2010 for a $2 billion loan guarantee to build a centrifuge plant in Idaho Falls, Idaho, that will use existing technology. The plant may begin enriching uranium by 2015, Areva spokesman Jarret Adams said in a phone interview.

    Solyndra’s failure should have no bearing on USEC’s pursuit of a federal guarantee, Jacobson, the company spokesman, said.

    Unlike Solyndra, which failed in the face of cheaper solar panels from China, USEC has almost $3 billion in future sales under contract to utilities, and the company holds about 25 percent of the $8 billion global market for uranium enrichment, Jacobson said.

    “There’s a pretty dramatic difference between us and Solyndra,” he said.
    I love the smell of burning moonbat in the morning.

  8. #8
    Banned
    Join Date
    Jun 2011
    Last Seen
    03-16-12 @ 11:02 PM
    Gender
    Lean
    Libertarian
    Posts
    7,624

    Re: Boehner Demands $2 Billion for Ohio Plant After Solyndra

    Quote Originally Posted by conservativeguy View Post
    While I do not know the specifics of the venture Boehner is supporting, I do know the article linked in the OP contained this comment ...........
    I don't understand........if they have this money under contract and banks and investment houses are sitting on all of this money, why is this money not raised privately?

  9. #9
    Sage
    Disputatious71's Avatar
    Join Date
    Nov 2010
    Location
    Florida, USA
    Last Seen
    Today @ 06:33 AM
    Gender
    Lean
    Other
    Posts
    16,783
    Blog Entries
    3

    Re: Boehner Demands $2 Billion for Ohio Plant After Solyndra

    Quote Originally Posted by 1Perry View Post
    I don't understand........if they have this money under contract and banks and investment houses are sitting on all of this money, why is this money not raised privately?
    Maybe after all the bailouts under this administration its easier to cut out the middle man (aka banks)...
    The question is more important than the answer!

  10. #10
    Banned
    Join Date
    Jun 2011
    Last Seen
    03-16-12 @ 11:02 PM
    Gender
    Lean
    Libertarian
    Posts
    7,624

    Re: Boehner Demands $2 Billion for Ohio Plant After Solyndra

    Quote Originally Posted by Disputatious71 View Post
    Maybe after all the bailouts under this administration its easier to cut out the middle man (aka banks)...
    Sure it is. You only have to write a check as opposed to actually proving your sustainability.

Page 1 of 9 123 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •