Mr. Hailey and at least two other companies discovered that they could sell credits without making any fuel.
A geothermal energy company with a $98.5 million loan guarantee from the Obama administration for an alternative energy project in Nevada — which received hearty endorsements from Energy Secretary Steven Chuand Senate Majority Leader Harry Reid — faces financial problems, and the company’s auditors have questioned whether it can stay in business.
So the power is out in Washington. Big Deal. I lived in Washington for a time, and I’ve never resided anywhere that experienced so many power outages. The U.S. capital must have the least reliable electricity grid in the country (and loves to panic about it as well).
Taranto notes that concern about global warming is the lowest it’s been in five years, and suggests a reason: “The average man, it would seem, knows enough to be skeptical of overheated rhetoric and fallacious arguments. Why are so many journalists by contrast so credulous?”