At a time when the federal government is debating whether to raise the debt ceiling, the U.S. Department of Energy’s Loan Programs Office (LPO) is offering guaranteed financing to First Solar Inc. for three solar panel projects in California for $4.5 billion. Not million but billion.

Carefully analyzed, these projects do little to fund efficient energy production or create permanent jobs. Such largesse is one of many rich targets for immediate deficit reduction in any budget deal.

LPO specifically targets projects that promote clean energy and includes “job creation; reducing dependency on foreign oil; improving our environmental legacy; and enhancing American competitiveness in the global economy of the 21st century.”

Specifically, these loan guarantees promote projects that include biomass, hydrogen, wind and hydropower, advanced fossil energy coal, carbon sequestration practices and technologies, electricity delivery and energy reliability, alternative fuel vehicles, industry energy efficiency projects, pollution control equipment, nuclear, and solar power.…

MasterResource is home to a growing number of grassroot environmentalists who are challenging the Washington, D.C. establishment to reconsider industrial wind turbines. Jen Gilbert’s Dear Sierra Club (Canada): I Resign Over Your Anti-Environmental Wind Support and Jon Boone’s three-part The Sierra Club: How Support for Industrial Wind Technology Subverts Its History, Betrays Its Mission, and Erodes Commitment to the Scientific Method of what Robert Bradley has summarized in his post, Windpower: Environmentalists vs. Environmentalists (NIMBYism, precautionary principle vs. industrial wind). 

My piece for National Review (reprinted below) looks at the bigger picture of how reasoned criticism and intellectual diversity have struggled to penetrate the environmental mainstream. The result of such intolerance has been Faustian bargains such as the Sierra Club going all-in for wind power (see their response to Robert Bryce’s recent op-edin the New York Times).…

[Editor Note: Obama’s transformationist energy policy, enabled by taxpayer largesse, is being whipsawed by the federal deficit crisis. And the energy/environmental statists are running scared. “[Obama] has bought into and reinforced the GOP narrative that debt and spending concerns reign supreme,’ lamented Joe Romm at Climate Progress, “which will undermine short-term and long-term efforts to create jobs or promote clean energy or reduce oil dependence or cut carbon pollution.”

Today and tomorrow, economist Richard Ebeling outlines the macro crisis. On Wednesday, Lisa Linowes of Wind Action makes a case for ending all energy subsidies as a contribution toward fiscal reform.]

The economic crisis through which the United States and much of the rest of the world are now passing is not another supposed instance of the “failure” of unrestrained capitalism.…

[Editor Note: Carter’s April 1977 energy speech was also reproduced and commented upon at MasterResource.]

Thirty-two years ago today, President Carter and his energy advisor James Schlesinger got it all wrong in an emergency television address to the nation. Their neo-Malthusian, government-as-engineer moment should never be forgotten but stand as timeless warning about the anti-market, anti-energy mentality.

In the summer of 1979, many Americans were stuck in the gasoline lines. There was a lot of lost time and nervousness. There was fighting and worse. The market as a buffer of civility was gone. Americans were not used to such a predicament and had the common sense to know that something was very abnormal and not to be tolerated. They were mad.

Here is the background of his energy speech, considered as the most important speech of his presidency:

On June 30, 1979, a weary Jimmy Carter was looking forward to a few days’ vacation in Hawaii, as Air Force One sped him away from a grueling economic summit in Tokyo.