Mar 20, 2012, 9:02 am EDT
TransCanada’s (NYSE:TRP) proposed Keystone XL pipeline set off a fervor among both environmentalists and lobbyists alike. Originally planned to carry syncrude and diluted bitumen from Alberta’s oil sands down towards refineries on the Gulf Coast, the project become mired in a deep political battle. It later was rejected by the Obama administration after Congress imposed a 60-day deadline on the approval process.
Overall, President Barack Obama’s reasoning for canceling the project was that the deadline for the decision had “prevented a full assessment of the pipeline’s impact.” Ultimately, TransCanada plans on splitting up the pipeline into three parts and has begun construction on the third leg that will carry oil from storage facilities in Cushing, Okla., to the refineries on the Gulf Coast.
While splitting the Keystone into parts certainly alleviates much of TransCanada’s headaches, another potential political football game in the energy sector is brewing. Given the abundance of natural gas within our borders, this pending battle could change the energy landscape within the United States for the next 15 years. Read
Mar 19, 2012, 6:13 pm EDT
At first, the story sounds too absurd to be true. How can a company receive millions of dollars of government subsidies, then get a loan guarantee to sell its product to itself?
Yet somehow, First Solar (NASDAQ:FSLR) managed to do just that.
How did the company pull off this feat? It started in 2010, when the Obama administration gave a $16.3 million grant to First Solar to expand a factory in Ohio. That same year, then-Gov. Ted Strickland announced $1 million in job training grants to First Solar. In addition, the Ohio Department of Development lent $5 million and the state’s Air Quality Development Authority lent $10 million to the company. Read
Mar 15, 2012, 5:22 pm EDT
The solution to America’s financial difficulties comes down to a very simple formula: Freedom.
The world is filled with these lab experiments of people who are prosperous and people who live in poverty. Look no further than North Korea and South Korea for the most vivid example. There are the same people, language, cultural heritage and natural resources in both countries. But South Koreans have a per capita income that’s 15 times higher than North Koreans.
The truth is freedom works. Read
Mar 14, 2012, 6:01 pm EDT
In the wake of stinging third-place finishes in yesterday’s Alabama and Mississippi primaries, former Massachusetts Gov. Mitt Romney’s supporters and GOP strategists have one message for him: fix your own message.
These Republicans say that Romney’s focus on delegate math, electability, and attacks against top GOP rival Rick Santorum aren’t helping him cement his position as the Republican Party’s nominee for president.
Who has been critiquing the Romney campaign? Among others, former Romney adviser and Republican strategist Mike Murphy, former Mississippi Sen. Trent Lott, former Mississippi Gov. Haley Barbour, and Tennessee GOP chairman Chris Devaney (remember, Romney lost Tennessee to Santorum on Super Tuesday). Read
Mar 14, 2012, 2:55 pm EDT
I’ve begun giving radio and TV interviews across the country this week about my new book, “RED AND BLUE AND BROKE ALL OVER: Restoring America’s Free Economy.” Often, the conversation begins with a question like “What made you want to write this book?” or “What inspired you to write your book?” It’s a logical place to start. And the answer is:
The American Dream is fading.
My book is really about how freedom creates prosperity. It’s something so axiomatic that it should be among the Truths that Americans hold to be Self-Evident: Freedom creates prosperity. Read
Mar 14, 2012, 8:35 am EDT
Delivering major psychological blows to Mitt Romney’s campaign and Newt Gingrich’s ego, Rick Santorum won the GOP primaries in Alabama and Mississippi yesterday. Although Santorum’s victory in the Bible Belt has been foreshadowed for months (he has enjoyed strong support from white evangelicals and working-class voters, both of whom constitute a large part of the electorate in those states), Georgian Newt Gingrich had expected to win handily in his own backyard.
Santorum (35%), Gingrich (29%), Romney (29%), Paul (4%) Read