Sanity in the Main Stream Media
Recent rolling blackouts in Texas and a natural gas "emergency" in New Mexico during a cold snap should focus attention on the empty promise of the Obama administration's "Team Green" approach.
At issue is what the administration's energy policies -- shifting from conventional sources to "green alternatives" -- will mean for Americans already feeling the chill when energy supplies don't keep pace with public demand.
In Texas, The Dallas Morning News reported that the blackouts stemmed from a breakdown of clustered coal-fired power plants, which was compounded when natural gas-fired backup plants didn't have enough fuel. And record cold prompted New Mexico's demand for natural gas and the resulting shortages.
But how will Texas and New Mexico meet existing demands, never mind future needs, amid punishing federal regulations that demonize conventional energy sources -- namely coal and natural gas?
Instead of providing help, President Obama's Environmental Protection Agency has been fighting Texas over regulating new power plants. And similar regulations already are crimping domestic oil and natural gas drilling, according to The Heritage Foundation.
The service disruptions are a stark reminder that Congress must tap into readily available abundant domestic energy sources to meet the nation's growing demand for fuel. Otherwise more Americans might find themselves left in the cold in the middle of winter.
As the press release puts it, this fund will "leverage technology and business model innovation to improve energy efficiency, reduce waste and emissions, harness renewable energy, and more efficiently use natural resources, among other applications." As Soros puts it in the same release: “Developing alternative sources of energy and achieving greater energy efficiency is both a significant global investment opportunity and an environmental imperative.” Cadie Thompson at CNBC's NetNet flagged this.
So, yeah. The big-government policies advanced by the liberal outfits he funds -- like Center for American Progress -- will enrich the companies in which Soros is investing.
But this story gets better.
The press release casually mentions whom Soros is hiring to run this new fund: Cathy Zoi. As Cadie Thompson at CNBC's NetNet (edited by my brother John Carney), puts it,
Zoi was Barack Obama's "Acting Under Secretary for Energy and Assistant Secretary for Energy Efficiency and Renewable Energy." An Al Gore acolyte, Zoi was Obama's point-woman on subsidizing green tech. Now she's going to work for George Soros to profit off of subsidized green tech.
If you remember Zoi's name, it's because of another green-tech conflict of interest: Zoi's husband is an executive at a window company, Serious Windows, which the White House regularly held up as a "poster child of green industry."
The Freedom Foundation of Minnesota put it this way:
"Ms. Zoi is married to Robin Roy, a top executive at Serious Materials, a privately held manufacturer of 'sustainable green building materials' located in California. On the Executive Branch Personnel Public Financial Disclosure submitted by Ms. Zoi to the White House Ethics office as part of her confirmation, Ms. Zoi disclosed ownership with her spouse of 120,000 vested and unvested stock options in Serious Materials, a company her office regulates and that she may profit from."
Oh yeah, Serious Materials pocketed federal stimulus money, too.
But as NetNet's Thompson puts it:
But we can put all that behind us, because now Zoi has left the Obama Administration and will go back to work making an honest living in the private sector, where she can put all the knowledge she gained from working for the Department of Energy to work for the private equity firms. Thata girl Zoi!