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4.11.2011

Washingtons Recession-Proof Industry

Here's one sector that hasn't suffered in the recession: Washington lobbyists.

Since 2000, the financial services industry's spending on federal lobbying rose 102%, to $472.9 million last year, according to an analysis by the Center for Responsive Politics, a nonpartisan group that tracks lobbying.

Spending by the pharmaceutical and health-products industries, meanwhile, rose 139%, to $240.3 million last year.

The electric utilities industry increased its spending by 139%, to $191 million,

while the oil and gas industry raised its spending by 184%, to $146.5 million, last year. Both increases can be attributed in part to the climate-change debate.

And business groups in general got busier in the Obama era as well.

The U.S. Chamber of Commerce, Washington's wealthiest lobbying outfit, and the Business Roundtable, which represents corporate CEOs helped push spending in business associations' sector up 203%, to $170 million, last year.

"It's the kind of expansion that any industry would have envied during that very dark period," says Dave Levinthal, editor of opensecrets.org, the Center for Responsive Politics' blog.

None of this should be surprising. Businesses mobilized when Obama was elected first to prevent — and then to shape — the health care and financial reform measures that Congress adopted in 2010.

Both measures were once-in-a-generation, multi billion dollar reforms that industries were keen to fashion according to their interests. What is more unexpected is that even as Washington's lobbying industry spends more money than ever, the pool of registered lobbyists is shrinking: The number of registered lobbyists — 12,986 — is nearly 4% higher than a decade ago, but it's lower than the recent peak of 14,885, in 2007, according to the CRP's analysis of federal records.

The reasons are two-fold. First, firms are hiring a narrower group of lobbyists – often former Congressional staffers and elected officials with formidable rolodexes, at six-figure salaries, Levinthal says. It's hard to create a profile of who is leaving the lobbying industry. The second reason is President Obama's January 2009 Executive Order banning former lobbyists from working the federal agencies they once lobbied. That led many potential lobbyists to shy away from registering as one in the first place. Exhibit A: Until very recently, Chris Dodd was a Democratic senator from Connecticut. Now, he runs the Motion Picture Association of America. But he isn't a registered lobbyist. "If you're trying to stay in the game but don't want that 'lobbyist' label attached to you," Levinthal says, "you operate differently."

Washington's Recession-Proof Industry

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On Mon, Apr 11, 2011 at 9:09 AM, Missouri Coalition for the Environment <moenviron@moenviron.org> wrote:
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Saturday, April 17 11:00am - 6:00pm
Forest Park
The Festival is the oldest and largest environmental event in the Midwest featuring over 250 vendors and attracting 25,000 people from the St. Louis and Midwest region gather in Forest Park on the Muny grounds to engage in learning and celebration. 
  
Earth Day Expo and Farmers Market - Kirkwood
Saturday, April 23rd 10:00am - 3:00pm
This family-friend festival will have something for everyone such as demonstations on how to make your home more earth-friendly, music and entertainment.  

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Ameren Shareholders Meeting
Thursday, April 21 · 7:30am - 9:30am

Powell Symphony Hall, 718 N Grand Blvd, Saint Louis, MO
Ameren Missouri is holding their annual Meeting of Shareholders to vote on several issues pertaining to their governing laws.The anti-CWIP law states that investor-owned utilities, like Ameren, are not allowed to collect money from ratepayers for costs associated with new power plants until they are producing electricity. This law saved Ameren ratepayers $400 million after the completion of the 1st nuclear reactor in Callaway County. Ameren wants to repeal part of this law. Know the talking points and make a difference.


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Saturday, April 9 10:00am - 12:30pm
Castlewood State Park, 1401 Kiefer Creek Road
Link to the map. The weather this weekend should be lovely. We are going to talk about ecosystem restoration and look at ways the Kiefer Creek watershed would benefit from an infusion of native plants in Castlewood and along the riparian corridor. 

Missouri Food Bill Forum - 5-stop Missouri Tour
April 28 - May 4
We are hosting 5 forums across Missouri. We are partnering with the esteemed conservation leader, the Izaak Walton League, and local organizations to host a number of forums across Missouri on America's Food Future.  At these events, you can join the conversation about the next Food Bill. It is a 5-stop Missouri tour and I invite you to  attend a forum near you. For more information click here.

'Truck Farm' Screening at the Tivoli
May 12 7:00pm
Tivoli Theater, 6350 Delmar Blvd., St. Louis, MO 63130
From the Peabody-winning co-creators of "King Corn" comes "
Truck Farm", a new documentary telling the story of an old truck, a new kind of farming, and the future of food in the American city. Tickets are $10 ($5 for Missouri Coalition for the Environment members). Tickets are available online, but MCE members should RSVP by calling 314-727-0600.

Tree Identification Tour and BYO Lunch at Tower Grove Park
Thursday, May 15th 11:30am - 1:30pm
Tower Grove Park - Meet Up Location TBA
Tower Grove Park's Executive Director John Karel will lead a spring tour through south St. Lous' most beautiful gem. Participants will learn about the park's amazing and diverse trees, then enjoy their lunch while discussing the pleasures of picnics and urban green space.Tickets are $25 per person. If you would like to attend, please email me dfarrand@moenviron.org
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Chicago Wastes $9M A Year of Energy on Street Lights

Chicago has ~250,000 street lights, most are sodium vapor (yellow street lights) HED lights that send light basically in every direction

Saturday, 09 April 2011 Time is Energy - Daniel Simon

While most sane people would probably say no...if you live in Chicago you actually say YES!

I am talking about the annual $ value of the wasted energy from our street lights. Chicago has ~250,000 street lights, most are sodium vapor (yellow street lights) HED lights that send light basically in every direction. While the point of street lights is to light the street, the most common model of street light sends as much light up into the night sky as it does down to the street, where we want it. That is waste--pure and simple.

I spent a few minutes researching the question today and ran across this website that runs through the numbers (check out the photo of Chicago from space at the bottom of the website to "see" the waste). The group is called Illinois Coalition for Responsible Lighting...I only ran across their website today, but their math looks right (their homepage shows a map of the whole US lit up).

The bottom line is that Chicago streetlights burn a bit over 300 million kwh each year, and Chicagoans pay ~$18 million/yr--according to the 2008 values/calculation on the website above. This means that if we use LED street lights which direct their light down (plus I've read that they save over 50% of the energy of sodium vapor lights) we would get just as much light, but save $9 million each year (and eliminate 150 million kwh/yr of unnecessary energy demand, carbon emissions etc.). According to the case study linked to above, the payback would be under 5 years (maybe less today since LEDs improve every year and that study is 6 years old).

Since Chicago is nearly 1% of the US population, scaling this to the whole country means we could reduce more than 15 billion kwh of energy waste each year (3% of our total electricity use) and save over $1 billion in electricity costs alone. (Note the $9 million in savings was based on less than $0.06/kwh rate the City of Chicago payed in 2008.)

Actually along the north end of the Lake Shore Drive, some LED lights have been installed just in the last ~6 months and are working great. Hopefully we can roll those out citywide in a hurry!

cross posted >Source

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GE enters the Thin-Film Solar Photovoltaic Market

General Electric Co. (NYSE: GE) said today it will spend $600 million to build the largest thin-film photovoltaic (PV) solar panel factory in the U.S. and that 60 megawatts (MW) of the facility's 400 MW total annual capacity has been contracted to NextEra Energy Inc. (NYSE: NEE).  The company did not disclose the proposed location of the plant.
GE also said that a full-size, thin film solar panel developed by the company has been independently certified as the most efficient ever publicly reported for the technology.
The panel was produced by PrimeStar Solar, Inc., a thin film solar technology company in Arvada, Colorado, acquired by GE.

PrimeStar Solar is bringing to market the latest thin film PV module technology
PrimeStar Solar's product will be a 60 cm x 120 cm frameless glass-glass photovoltaic (PV) module that is optimized for use in large scale grid connected installations.
  • The modules will undergo rigorous safety and reliability testing to achieve the following certifications:
    • UL 1703
    • IEC 61646
    • TUV Safety Class II
    • CE Mark
  • The frameless modules are designed to withstand weather extremes such as snow, hail, and wind while being more cost effective than traditional framed modules
  • The modules have a robust glass-glass laminate design that will stand up to climate extremes of temperature, humidity, and UV
  • The thin film semiconductor technology performs well in high temperature and low light situations
  • The modules will be well suited for both rooftop and ground mounted applications
  • The modules have been designed for recyclability at the end of their useful life
  • PrimeStar Solar PV modules will be manufactured on highly automated continuous flow lines to achieve high yields while minimizing manufacturing costs
GE says the panel was measured by the National Renewable Energy Lab at a 12.8% aperture area efficiency. This panel surpasses all previously published records for CdTe (cadmium telluride) thin film, which is the most affordable solar technology in the industry. GE says its goal is to offer advanced solar products while reducing the total cost of electricity for utilities and consumers. The company says a 1% increase in efficiency is equal to an approximate 10% decrease in system cost.
GE says global demand for photovoltaics is expected to grow by 75,000 MW over the next five years, with utility-scale solar power plants making up a significant part of that growth.
NextEra claims to be the largest generator of renewable energy in the U.S. NextEra (formerly FPL Group, Inc.) has power generation capacity of 42,678 MW, comprised of natural gas, 59%; wind, 17.7%; nuclear, 12.9%; oil, 7%; coal, 2.2%; hydro, 0.8%; and solar 0.4%. NextEra's solar capacity now stands at 173 MW.
GE also said it has signed a 20 MW agreement with Chicago-based Invenergy Wind LLC for the supply of thin film solar panels and GE Brilliance inverters. Invenergy will install the solar products at a project site in Illinois. Invenergy claims to be nation's largest independent wind power generation company, with more than 2,200 MW of capacity. Overall, Invenergy and its affiliated companies have developed and placed in service 20 wind farms and five natural gas-fueled generating facilities (total capacity of 5,000 MW).
Original Article on Energy Boom cross posted 


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Americas Thirst For Oil-Tar Sands Next on the List

Will and Are Canada's disastrous tar sands coming your way?

Will a pipeline leak one day kill off his old growth hardwood trees, foul his three natural springs, and poison the deer now roaming his land? If TransCanada's checkered history is any guide, it's a real possibility. Energy kills. In Japan. In the Gulf. In Appalachian mines. And in the Corn Flake capital of the world. If Winnsboro, East Texas is added to the list, it won't be a surprise, not to David Daniel anyway. He knows what we all know now: In the hands of corporations whose only concern is profit, energy is ugly.

avatar for Ellen Cantarow

This essay was originally published on TomDispatch REPOSTED

For years, "not in my backyard" has been the battle cry of residents in Cape Cod who stand opposed to an offshore wind farm in Nantucket Sound. The giant turbines will forever mar the beauty of the landscape, they say.

Energy is ugly. Some forms more so than others, as nuclear near-meltdowns in Japan, the BP disaster in the Gulf of Mexico, and deaths in a West Virginia coal mine explosion have driven home in the last year. Energy kills plants, plankton, and people. It imperils the environment, poisons the oceans, and is threatening to turn part of Japan, one of the most advanced nations on the planet, into a contaminated zone for decades to come.

David Daniel knows this all too well. He built his dream home on 20 acres of lush wilderness, alive with panthers, wild boar, and deer, in Winnsboro, East Texas. Then a nightmare called tar sands appeared on his doorstep.

Tar sands are sandy soils laden with a tar-like substance called bitumen. Getting oil out of them is a dirty, dangerous, and deadly process. Daniel knew none of this when a neighbor phoned in the fall of 2008 to say that he'd seen trespassers on the property. "I went back [from work] and I found survey stakes that cut my property in half," he recalls. Several months later, an eminent domain letter arrived, telling him that a pipeline carrying oil from Canada's "oil sands" would cut through his pristine property. When he complained to TransCanada, the company in charge, its lawyer responded with a veiled threat: "Should I put the letter in the 'cooperative' or the 'uncooperative' pile?"

So began the Daniel family's struggles with TransCanada, whose powerful U.S. backers include Koch Industries (best known for its stealth attacks on the federal government, and big spending on climate-change-denial campaigns). By the time TransCanada's surveyors entered the Daniels' lives, the corporation was already hard at work pushing a pipeline that would run from the Canadian border to Texas's Gulf Coast, along the way slicing through the Daniels' land and the properties of countless other Americans.

At no time did TransCanada's representatives volunteer information about tar sands, leaving Daniel to do his own research. When he asked how tar-sands oil would affect the pipeline, TransCanada responded only that the effects would be determined after the pipeline was put in place. "They made us feel like lab rats on our own property," he says.

Behind his painful schooling in corporate arrogance lies a startling fact: Canada is the leading oil-supplier of the United States. Let me repeat that: the U.S. imports more oil from Canada than (yes) Mexico, which ranks second, and (believe it or not) Saudi Arabia, which ranks only third. Tar sands are largely responsible for Canada's new petro-status. Nearly a million barrels of tar-sands oil arrive in the U.S. every day. By 2025, Canada is expected to be producing 3.5 million barrels of tar-sands oil daily. Most of that, says Ryan Salmon of the National Wildlife Federation, will be imported to the U.S. And believe me, when it comes to energy ugly, tar sands could take the cake.

Not tar, not oil

bitumenRefined bitumen.In fact, "tar sands" is a colloquialism for 54,000 square miles of bitumen that veins sand and clay beneath the boreal forests of Alberta, one of Canada's western provinces. Black as it is, bitumen isn't actually tar, though it looks and smells like tar, and has its consistency on a very cold day -- hence, that term "tar sands." (The corporations that produce the stuff prefer "oil sands.")

Unlike oil, bitumen does not flow. Gouged and steamed out from under the forest, it is wrenched from the soil, barreled, and then refined into synthetic crude oil -- at shattering environmental costs. The tar-sands industry has ravaged Alberta's forests, poisoned its air and water, and wrecked the livelihoods of its indigenous peoples. Moreover, producing synthetic crude from a barrel of bitumen generates at least twice as much greenhouse gas as producing a barrel of normal crude oil. At 1.5 million barrels of tar-sands oil a day, that's a lot of global warming.

But for corporations intent on profits in a world rocked by Middle East and North African uprisings that might threaten global oil supplies, and by declining reserves of normal crude, environmental catastrophe is trivial collateral damage. The tar sands' great selling point in the U.S. is that it comes from a friendly neighbor. Russ Girling, president and CEO of TransCanada, typically touts tar sands as improving "U.S. energy security and reduc[ing] dependence on foreign oil from the Middle East and Venezuela," At a White House meeting in early February, Canadian Prime Minister Stephen Harper assured President Obama that "Canada is the largest, the most secure, the most stable, and the friendliest supplier of that most vital of all America's purchases: energy."

A complex alchemy turns bitumen into synthetic crude. Canadian journalist and tar-sands expert Andrew Nikiforuk calls this final product "the world's dirtiest hydrocarbon oil." Canada used to transform bitumen from its rawest into its ultimate form, sending synthetic crude through pipelines to the U.S. Now, however, with Canada's refineries maxing out, U.S. refineries are increasingly taking up the task of turning bitumen into the mock crude that makes even my Prius environmentally unfriendly. That means what's coming to Americans in ever increasing quantities is a very raw form of diluted bitumen called DilBit, whose transport will make lab rats of us all.

Under jaunty names like "Lakehead," "Alberta Clipper," and "Keystone," a vast pipeline network is already pumping this diluted bitumen to the Midwest and into the American heartland. The 1,900-mile-long Lakehead pipeline, owned by Canada's Enbridge Inc., skirts one of the world's largest stretches of fresh water, the Great Lakes.

Last June, Enbridge's main competitor, TransCanada, opened a $5 billion, 2,147-mile pipeline it dubbed Keystone I, which plunges from Canada straight through the eastern parts of the Dakotas and Kansas to the Gulf Coast. Now, TransCanada is pushing hard for an extension, the Keystone XL, the one that will run through David Daniel's land on its way to the Gulf Coast.

In February, a landmark report by the National Resources Defense Council (NRDC) noted that diluted bitumen is "the primary product" carried by the Keystone I. The proposed Keystone XL, write the report's authors, will be dedicated only to DilBit whose "combination of chemical corrosion and physical abrasion can dramatically increase the rate of pipeline deterioration." So imagine this recipe for pipelines from hell: Take thick, raw, corrosive, acid-ridden bitumen and add volatile natural gas to propel it since the bitumen doesn't flow by itself; next, crank up the temperatures and pressures far higher than those needed to move ordinary crude oil (again, to help the stuff on its way). It doesn't take a rocket scientist to understand some of the possible dangers of moving tar-sands oil in this state through our communities.

The tar sands come to Kellogg's

Kalamazoo oil spillOil-soaked birds from the Kalamazoo River spill are rehabilitated.Photo: U.S. Fish & Wildlife Service -- Midwest RegionLast July, as BP's catastrophe in the Gulf was making news around the clock, the U.S. experienced its first big DilBit moment. Part of Enbridge's Lakehead line broke, oozing black gunk into a tributary of the Kalamazoo River near Battle Creek, Michigan, iconic home to cereal-maker Kellogg's. Twelve hours passed before workers responded to the surge of sludge, which by then had passed from the tributary into the river itself. The dark slop could be seen from bank to bank in the Kalamazoo, making its way to Lake Michigan.

High levels of benzene filled the air and local residents had to be evacuated from their homes. When the sludge passed through Battle Creek, the Kellogg's factory even stopped making cornflakes. The spill was arrested before it could reach Lake Michigan, but not before a million gallons of DilBit had fouled a 30-mile-long stretch of the Kalamazoo, one of the biggest spills in Midwest history.

This was, however, no "ordinary" oil spill, as DilBit spills are much harder to clean up. Once DilBit hits water, the bitumen in it doesn't float; it quickly sinks into river sediment. Exposed to sunlight, it forms a dense, sticky substance hard to remove from rock and soil.

Special dredging and other equipment is needed for any effective cleanup. The booms you saw skimming the Gulf last summer are inadequate, and the U.S. doesn't yet have DilBit cleanup technology. So while cleanup crews worked on the Kalamazoo and its banks after the spill was discovered, they left a whole lot of DilBit behind. Adequate cleanup isn't expected until at least late 2011, according to the NRDC's Susan Casey-Lefkowitz.

At the time of the Kalamazoo spill, Enbridge's CEO, Patrick Daniels, claimed that there had never been a leak "of this consequence" in the company's history. According to Enbridge's own reports, however, between 2000 and 2009 the company was responsible for 610 pipeline spills in Canada, totaling 5.5 million gallons. (Not all were DilBit, which makes the picture worse, not better, since ordinary crude is less corrosive and volatile than DilBit.) In Michigan, 12 spills from Enbridge's pipelines preceded the larger one in the Kalamazoo. Two months after that spill, another part of Enbridge's Lakehead pipeline leaked 256,000 gallons of DilBit into Romeoville, a suburb of Chicago.

Keystone's underground pipeline to the Gulf Coast, which opened only nine months ago, has already leaked seven times. They have been small leaks, but significant nonetheless as they point to larger, more distressing problems. "It seems odd to us that a brand-new pipeline would have these little spills throughout," says Casey-Lefkowitz. "It raises questions about the quality of construction."

"TransCanada is building its pipelines according to strength regulations designed for conventional pipelines decades ago," adds Anthony Swift, coauthor of the NRDC report. Swift says the company "has not yet provided a meaningful strategy for dealing with some of the characteristics of diluted bitumen."

The proposed Keystone XL, also underground, would carry up to 900,000 barrels of DilBit (37,800,000 gallons) south every day, passing through some of the most sensitive ecosystems in the U.S., including rivers, wildlife preserves, and wide expanses of prairie. In addition, it would run through the Ogallala aquifer, a 174,000-square-mile expanse of water that lies under eight states from the Dakotas to Texas and provides 30 percent of the nation's irrigation for agriculture, as well as drinking water for 82 percent of the people within its vast boundaries.

The pipeline would pass through areas where landslides and earthquakes are known threats. Part of Keystone I already traverses an area of seismic activity in Nebraska, where a recent tremor -- 3.5 on the Richter scale -- shook the ground throughout the southeast part of the state. It also runs through the easternmost part of the Ogallala. Before Keystone I was built, a National Wildlife Federation report warned, "Some portions of the aquifer are so close to the surface that any pipeline leak would almost immediately contaminate a large portion of the water."

TransCanada cannot begin constructing Keystone XL without both presidential permission and a State Department environmental impact statement (EIS), made necessary because the project crosses international borders. The State Department issued that EIS in April 2010 in the wake of public hearings in towns along the pipeline route. Environmental organizations, landowners, and the Environmental Protection Agency (EPA) were sharply critical of the EIS. Among other things, says the NRDC's Anthony Swift, the statement failed to demonstrate "the need for the pipeline, its safety, and its greenhouse gas impacts." Especially troubling, according to Susan Casey-Lefkowitz, was the failure to consider an alternate pipeline route that would not slash through the Ogallala aquifer.

Last month, under pressure from mounting opposition to the pipeline by a coalition of grassroots groups, the State Department held further meetings in Washington to hear their grievances. (The EPA also met with coalition leaders.) Ben Gotschall, a fifth generation Nebraska organic rancher, called the State Department's environmental statement "insulting." It suggested, he said, neither that stronger than normal pipeline materials should be used, nor that there might be alternative routes to the one currently proposed. TransCanada's only concern, he insisted, was cost, while at stake was the "life and livelihood of millions of people."

"My family has been producing grass-fed beef for five generations," said Gotschall. "We do this organically, without chemicals and with minimum fossil fuel inputs ... Nebraska farmers and ranchers were producing food long before we had the benefit of fossil fuels and we can and will find a way to produce food long after fossil fuels are gone. But we will never be able to produce food without clean water. To me, this pipeline is an issue of national security that threatens our domestic food and water supply."

If the pipeline goes through, a handful of giant corporations will profit, among them Koch Industries which handles about 25 percent of tar-sands imports to the U.S., and is among the biggest of U.S. tar-sands refiners. Meanwhile, the grassroots opposition uniting farmers and ranchers, environmentalists, and scientists is growing in the heartland states.

Last month, the coalition demanded that the State Department issue a supplemental environmental impact statement. On March 16, Ben Gotschall emailed: "If you haven't heard already, the State Department has called for a supplemental draft EIS ... This is a victory for all of us who have been fighting this from the beginning." On March 24, 25 mayors sent a letter to Secretary of State Hillary Clinton: "We are concerned," they wrote, "that expansion of high carbon projects such as the proposed Keystone XL tar-sands pipeline will undermine the good work being done in local communities across the country to fight climate change and reduce our dependence on oil."

Yet in the wake of the Fukushima nuclear disaster, domestic fears over nuclear energy are spiking, while months of turmoil in the Muslim world have highlighted a growing U.S. dependence on Middle Eastern oil. As a result, it will surely become harder to derail the efforts of TransCanada and Koch Industries to ram a pipeline filled with toxic tar-sands oil right through David Daniel's property.

Will a pipeline leak one day kill off his old growth hardwood trees, foul his three natural springs, and poison the deer now roaming his land? If TransCanada's checkered history is any guide, it's a real possibility. Energy kills. In Japan. In the Gulf. In Appalachian mines. And in the Corn Flake capital of the world. If Winnsboro, East Texas is added to the list, it won't be a surprise, not to David Daniel anyway. He knows what we all know now: In the hands of corporations whose only concern is profit, energy is ugly.

Ellen Cantarow is a journalist whose work on Israel/Palestine has been published widely for 30 years including at TomDispatch. She is now working on climate change and big oil, which have much to do with the Middle East, Israel, and Palestine, as well as the rest of the planet.



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4.10.2011

Koch Brothers-Bad?More Drasdardly Deeds Exposed

...donated directly to 62 of the 87 members of the House GOP freshman class...and to 12 of the new members of the U.S. Senate.

You Thought the Koch Brothers Were Bad? Turns Out They're Even Worse Than You Thought
Charles and David Koch's reach into virtually every aspect of political, economic and physical life on the planet is probably greater than you thought possible.
You knew they were big. You knew they were evil. From the union-busting actions of their minions in Wisconsin and Ohio to their war on health-care reform, to their assault on the environment and their attacks on the science of climatology, Charles and David Koch have earned their place as the focus of progressives' scrutiny in the age of the Tea Party -- the destructive and regressive movement they bankroll. But a new report from the Center for American Progress Action Fund shows that, as bad as you thought the Kochs were, they're actually worse. And their reach into virtually every aspect of political, economic and physical life on the planet is probably greater than you thought possible.
In The Koch Brothers: What You Need to Know About the Financiers of the Radical Right, author Tony Carrk, policy director of the CAP Action War Room, lays out a case that is breathtaking in its scope, showing how the Koch brothers are using their billions with the aim of reshaping the global economic system in such a way as to enrich themselves and their heirs at the expense of most other inhabitants of the planet.
While much of the report will have a familiar ring (especially to readers of AlterNet, and CAP Action's own ThinkProgress), The Koch Brothers also addresses elements of the Koch agenda far beyond the well-trodden turf of Americans for Prosperity's organizing against health-care reform or the pollution rap against Koch Industries, the second-largest privately held corporation in the United States, which the billionaire brothers command.
The Kochs and the Global Economy
Consider, for instance, the Kochs' role in the financial business. You thought Koch Industries was just a high-polluting oil-and-gas-based conglomerate? Add in the part played on Wall Street by Koch Supply & Trading, and the depth of the Koch imprint on the economy is revealed. From Carrk's report:
First, the Koch brothers fought efforts to give the Commodity Futures Trading Commission more oversight over speculative trading, whereby companies can artificially inflate prices on things such as oil, during the Wall Street reform debate. One of the Koch companies—Koch Supply & Trading—takes part in oil and derivatives trading. We should point out that oil speculation has reached an all-time high at the same time gas prices continue to skyrocket.
Then look at a recent position pushed by Americans for Prosperity, the Tea Party-allied astroturf group founded and funded by David Koch (and whose sibling organization, the Americans for Prosperity Foundation, he chairs):
Similarly, Americans for Prosperity supports the House continuing resolution that cuts spending by $61 billion. Those cuts would reduce the budget for the CFTC by one-third. Make no mistake: Gutting the CFTC or limiting its authority would be a boon to Wall Street businesses that use complex financial instruments. But while the result is more profits for oil companies, it means everyone else pays more at the pump.
Okay, now have a look at the Kochs' recent direct contributions to political candidates:
The Kochs donated directly to 62 of the 87 members of the House GOP freshman class...and to 12 of the new members of the U.S. Senate.
No wonder, then, how that continuing resolution -- the means for funding the government when a budget has not been passed into law -- managed to get through the House. (It was subsequently rejected by the Senate, setting the stage for a possible shutdown of the government at the end of this week.) Those 62 Koch-backed freshmen are essentially driving the agenda of the House Republicans, because together they form a large enough bloc to prevent House Speaker John Boehner from amassing a majority on any piece of legislation, should they choose to, despite the 2010 Republican victories that handed control of the House to the GOP.


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