184 replies to this topic

[stocks]

A Tale of Two Cities: Market-Driven Williston, North Dakota vs. Politically-Driven Fremont, California

Private money flows toward uses with the highest economic payoffs. Government money flows toward uses with the highest political payoffs.

"This tale of two cities has a moral, which is that no political or governmental leader can forecast the future. Barack Obama and his Nobel Prize-winning energy secretary thought solar panels were a huge growth industry. They bet billions of tax dollars and lost.

Williston's jam-packed motels and trailers don't look as glamorous as the Solyndra headquarters in Fremont. The weather in North Dakota is seldom as pleasant as the microclimate of the East Bay.

But the Bakken shale is doing much more for America's economy than the shuttered solar panel plant."


http://mjperry.blogs...wo-visions.html

[Rogerdodger]

U.S. SENATOR HELPS CHINESE SOLAR FIRM REPRESENTED -- BY HIS SON!

The Senator is pushing for a Chinese company he played a key role in recruiting to Nevada, ENN Mojave Energy LLC. The company plans a billion-dollar solar energy manufacturing and generating plant near Laughlin, but an ambitious development schedule is being threatened by a lack of green power customers.

His son is one of the attorneys for the ENN Mojave Energy project.
Another son, also an attorney, works for NV Energy.

Sweet deal!

Hasn't the mob always had a connection with Chicago and Nevada?

Edited by Rogerdodger, 04 August 2012 - 12:11 PM.

[Rogerdodger]

Solyndra agrees to settle with ex-workers for $3.5 million

Solyndra LLC, the bankrupt solar-panel maker that received a $535 million U.S. Energy Department loan guarantee, reached a $3.5 million settlement with former workers who claimed they received inadequate layoff notices.

The settlement will resolve allegations that the company failed to give employees 60 days' notice under the Worker Adjustment and Retraining Notification Act when it fired most of its 1,100 workforce last August, just before seeking bankruptcy court protection.

Solyndra screwed the taxpayers then the workers and $535,000,000 vanished into thin air.

Edited by Rogerdodger, 14 August 2012 - 08:32 AM.

[Rogerdodger]

Oklahoma officials praise Quality Jobs program despite firm's closing

The state of Oklahoma invested more than $1.8 million in DMI Industries Inc. before the Tulsa-based wind tower manufacturer announced last week that it would close its plant in November and lay off 167 people.

Edited by Rogerdodger, 14 August 2012 - 08:44 AM.

[stocks]

A Tale of Two Cities: Market-Driven Williston, North Dakota vs. Politically-Driven Fremont, California

Private money flows toward uses with the highest economic payoffs. Government money flows toward uses with the highest political payoffs.

Oil Prosperity Delivers Economic Stimulus to TX

What began a decade ago as a modest revival now is a full-fledged boom. The play extends across hundreds of miles of West Texas and into New Mexico, from Mentone east to El Dorado, and it is reviving long dormant backwaters. The best indicator, the Baker Hughes rig count, recently hit 442, after bottoming out in 1999 at 51. There are now more than 155,000 producing wells out here, generating revenue and requiring service for years to come.

"It's unbelievable. This has 50 years worth of life. They'll be redrilling the entire Permian Basin," exclaimed Jim Smitherman, chief executive officer of Security Bank in Midland.

Airport hangars in Midland now are jammed with private planes, there's a three- to four-month wait to join the Petroleum Club and many of the service companies lining Interstate 20 keep "Hiring" signs out front. A freshly graduated petroleum engineer can make $80,000 a year, sometimes with a $10,000 to $20,000 signing bonus tacked on. Roughnecks and truck drivers willing to work killer hours can gross over $100,000 a year.


http://mjperry.blogs...s-economic.html

[Rogerdodger]

Solyndra investors could reap tax windfall

Two investment companies stand to receive hundreds of millions of dollars in tax breaks under a bankruptcy exit plan for failed solar company Solyndra, government lawyers say.

Nearly a year to the day after the solar company filed for bankruptcy owing taxpayers more than $500 million, Solyndra is poised to restructure under a deal that government lawyers fear could provide a tax windfall to the investors.

Madrone and Argonaut are entitled to receive the $75 million they invested in last year’s restructuring ahead of taxpayers.
The companies had earlier poured hundreds of millions of dollars into the solar-panel maker. But like the money it received from the government, Solyndra spent that investment. Those funds aren’t subject to be repaid back before taxpayers.

[Rogerdodger]

I guess the Solyndra fraud didn't hurt anyone except taxpayers, and laid off employees.

Bill Gates tops Forbes 400, Tulsan George Kaiser richest in Oklahoma

[Rogerdodger]

IRS: 'Tax avoidance' at heart of SOLYNDRA bankruptcy...
Government attorneys said that as far back as 2010, Solyndra owners had “planned meticulously” to be able to use Solyndra’s net operating losses to offset future tax liabilities.

“The only reason for the shell corporation to exist post-confirmation is to enable its owners to exploit these tax attributes, which would be lost in liquidation,” the IRS argued in court papers.

One owner valued the so-called tax attributes at $150 million, dwarfing the $7 million to $8 million set aside by the reorganization plan for unsecured creditors, according to the government’s objection, which was filed by the Justice Department on behalf of the IRS.

Under Solyndra’s reorganization plan, two big investors in the company, Madrone Partners LP and Argonaut Ventures, together would own nearly all of a shell company formed in the wake of Solyndra’s bankruptcy reorganization.

But the IRS said in court papers that there was little reason for the shell company to exist other than to help the owners avoid taxes. Argonaut is the investment arm of a family foundation headed by Oklahoma businessman George Kaiser, a fundraiser for Barack Obama’s 2008 presidential campaign. Madrone has ties to the family that owns Wal-Mart Stores Inc.

Edited by Rogerdodger, 11 October 2012 - 10:13 PM.

[voltaire]

IRS: 'Tax avoidance' at heart of SOLYNDRA bankruptcy...
Government attorneys said that as far back as 2010, Solyndra owners had “planned meticulously” to be able to use Solyndra’s net operating losses to offset future tax liabilities.

“The only reason for the shell corporation to exist post-confirmation is to enable its owners to exploit these tax attributes, which would be lost in liquidation,” the IRS argued in court papers.

One owner valued the so-called tax attributes at $150 million, dwarfing the $7 million to $8 million set aside by the reorganization plan for unsecured creditors, according to the government’s objection, which was filed by the Justice Department on behalf of the IRS.

Under Solyndra’s reorganization plan, two big investors in the company, Madrone Partners LP and Argonaut Ventures, together would own nearly all of a shell company formed in the wake of Solyndra’s bankruptcy reorganization.

But the IRS said in court papers that there was little reason for the shell company to exist other than to help the owners avoid taxes. Argonaut is the investment arm of a family foundation headed by Oklahoma businessman George Kaiser, a fundraiser for Barack Obama’s 2008 presidential campaign. Madrone has ties to the family that owns Wal-Mart Stores Inc.

The simple fact is fossil fuels are a non renewable resouce.

As such they will run out.

In a hundred years fossil fuels will be regarded as a primitive period such as whale oil.

The US nearly wiped out whales as they did with bird species and the bison.

I find it amazing that the US has still the same mentality.

[Rogerdodger]

The term "Fossil Fuels" is an erroneous misnomer.
"Organic Fuels" are being naturally created as we speak in the earth's oceans, which cover 71% of the earth's surface.
Unspeakable vast quantities of plankton and algae absorb carbon during their life span and eventually form the basis for our current fuel supplies as they die and fall to the ocean floor.
These little guys use "Solar Power" to convert their food sources to potential organic fuel.
They are not fossils but are "Pure, Natural, Organic, Solar Powered" carbon fuel producing machines working in harmony with the pressure found at the bottom of the ocean.

An estimated amazing 62,000,000 gallons of this natural substance ooze from the ocean floor every year and has for millennia.

Ironically, now the push for "Green" energy suggests using algae to make "natural" crude oil.
(No doubt a billion dollar Algae tax grant is on the way... to those who are political supporters of the grantors.)

Here's an additional theory on the creation of unending oil supplies:
Oil is not a fossil fuel

Edited by Rogerdodger, 18 October 2012 - 09:36 AM.