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Frank DuBois

Another one bites the dust: Obama-backed electric car battery-maker files for bankruptcy

An Indiana-based energy-storage company, whose subsidiary received a $118.5 million stimulus grant from the Energy Department, filed for bankruptcy Thursday. Ener1 is asking a federal bankruptcy court in New York to approve a plan to restructure the company’s debt and infuse $81 million in equity funding...more

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Mr. DuBois:

I sure hope your efforts to expose the green-goo will get a lot of people thinking.

The political landscape is polluted with corrupted green carcasses.
 
Other than political gobligoop there is no such thing as Peak Oil and there is no legitimate need of manufactured electric cars financed by the taxpayers, which govt tongues refer to as being INVESTMENTS .
Recently - even the US Govt indicated that Iran won't run out of commercially available oil for 300 years. In addition, back in the early 70's the Saudi King was quoted as saying - that Saudi Arabian oil fields could pump oil for 300 years at $15.00 a barrel.
 
America has had abundant oil and gas since first discovered. Unfortunately, crony capitalism (the incestuous relationship of  govt and usually large corporations going under the name of public-private partnerships) have so distorted the truth these last 100 years that the average adult cannot make heads or tails of where the truth resides. 
 
Do a little research relating to the Texas Railroad Commission to see how govt made abundant cheap East Texas Crude expensive about hundred years ago.
 
Here's a recent article that ought to stir the gut about how crony capitalism is working today:
 
The green movement, including so-called green energy is merely the newest, hidden in plain sight way of moving money out of the people's pockets.
 

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