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Investing for Peak Oil Surviving Peak Oil financially is a problem we will all confront sooner or later.

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Old 11-27-2011, 05:49 AM   #1
Sonny
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Default Jobs Boom in Non-Green Energy

Forget 'clean energy.' Oil and gas are boosting U.S. employment.
NOVEMBER 26, 2011

http://online.wsj.com/article/SB1000...googlenews_wsj

since 2003. Oil and gas jobs account for more than one in five of all net new private jobs

Good news? You'd think so, but
The Obama Administration has managed the nearly impossible feat of turning energy policy into a money loser, pouring taxpayer dollars into green-energy busts like Solyndra. The Washington Post reported in September that Mr. Obama's $38.6 billion green loan program had created a mere 3,500 jobs over two years. He had predicted it would "save or create" 65,000.
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Old 11-27-2011, 06:08 AM   #2
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http://energy.aol.com/2011/11/16/win...?icid=related4
Last year, Investigative Reporting Workshop revealed that $706 million in federal stimulus money went to wind farms that were completed before President Obama was inaugurated. A total of $1.3 billion went to 19 farms finished before the first dime of stimulus grant money for renewable energy was ever handed out, the report said.

As of October 31, 2011, Treasury records show at least 95 solar and wind projects were awarded grants in 2009, which means it is almost certain that these projects were well under way before Barack Obama introduced the stimulus. Although there is no suggestion of wrongdoing, there is a question of additionality, a clear objective of the stimulus funds.


just call it wealth redistribution for the special

eta: $178 million, the third largest 1603 grant, was awarded to Babcock & Brown in December 2009, four months after it went bust.

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