“Fiat Chrysler CEO Sergio Marchionne told the Brookings Institution audience in Washington, DC regarding his company’s 500e EV: ‘I hope you don’t buy it, because every time I sell one it costs me $14,000.’ The reason the 500e exists is to meet zero-emission rules in California and elsewhere that might impose similar mandates. The company’s plan is to sell the minimum number of EVs it is required by law to sell, at whatever financial loss the company must bear, and then not to sell one more. Marchionne also said that if automakers are forced to suffer losses on EVs in order to satisfy political policies, then the companies will be back in Washington asking for new bailouts.”
Nissan (NSANY-OTC), the manufacturer of the LEAF electric vehicle (EV) has been the number one seller in the U.S. …
Continue Reading“We as Ohioans and Americans have to be able to see through the scheme, demand proof of net environmental and energy benefits of wind, or force the industry out of the state to save our tax dollars and our electricity-bill dollars the industry has been drunk on since 2008.”
The Lima News may not be a household name, but it is at ground zero in the local and state wind wars. Here in Ohio, Governor Kasich and the Republican-led House and Senate put the clamps on intrusive wind power projects on private land. And the Wind Lobbyists are mad at their rare defeat.
The editorial below (in red), “Politicians Must Revise Wind Rules,” takes issue with that rare victory for taxpayers, ratepayers, and landowners in the Wind Wars.…
Continue Reading“[Tom] Steyer has proven himself a master at working the system, first to amass a fossil-fuel fortune, and now to bask in the applause of the environmental left even as he feeds at the green energy subsidy trough…. Thus has he descended into a display of crass dishonesty shameless even by Beltway standards.”
– B. Zycher, “He’s Explaining, and He’s Losing.” The Hill, July 18, 2014.
It’s good to have Benjamin Zycher, Ph.D economist and longtime energy scholar, at the American Enterprise Institute (AEI).
He continues the intellectual tradition carried on, most recently, by Stephen Hayward and Kenneth Green. And this tradition goes back to when AEI led the fight against oil and gas price and allocation controls in the dark 1970s. Twenty-five studies in their National Energy Project (1974–76) and Studies in Energy Policy (1976–85) helped make up for Resources for the Future taking a Malthusian left turn.…
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