Throwing gold bricks off the Titanic - Congress approved renewable energy subsidies of just under 400 billion bucks – actual subsidies awarded will be 3 times that at 1.2 trillion dollars
Biden Admin officials are guilty of embezzlement, racketeering and fraud
This is not simply a breach of spending authorised by Congress – this is embezzlement and fraud on a monumental scale. The chances are that those employed in the relevant Federal agencies – run by the Biden Administration - personally benefit from these crimes.
Who is going to investigate and prosecute these crimes?
From Brave AI:
“According to recent reports, the cost of green energy subsidies in the USA is expected to be significantly higher than initially projected. The estimated cost of these subsidies over several years is around $1.2 trillion, which is three times the original price tag of $391 billion.”
Here is a link to a one-hour Energy News Beat podcast, released prior to the inauguration:
What Policy Landmines did Biden leave Trump?
Here is a list of topics covered:
Highlights of the Podcast
00:10 – Introduction
04:25 – Energy Policy Changes Under Trump
08:14 – Biden’s 30 by 30 Initiative
12:00 – Global Perspective
14:21 – Trump’s National Emergency Declaration
18:30 – Energy Infrastructure Needs
19:23 – The Jones Act and LNG
21:23 – National Energy Emergency Obstacles
25:31 – Grid Security Issues
28:21 – Subsidy Challenges
34:00 – Trump’s Offshore Wind Pause
38:57 - DOE Loan Office Defies Inspector General, Gives $7.2B In Loan Guarantees To Rivian & Plug Power
41:59 - Terence Corcoran: Get Ready Canada for ‘Justin Carney
47:37 - ExxonMobil and Chevron Megadeals Are Cleared of FTC Antitrust Concerns
48:56 - Republican-led states sue Biden administration over offshore drilling ban
50:32 - US clean energy tax subsidies to cost $825 billion over 10 years, CBO says
51:24 - U.S. oil sanctions squeeze tightening markets even further
53:34 - US approves 2.4GW offshore wind project before Trump inauguration
Topics discussed in detail here:
(100) Declaring A National Energy Emergancy - by Stu Turley
Here is a link to an 18-month analysis of all the spending by each agency:
As an example of the fraud, a 7 billion loan guarantee to Rivian that was proscribed by the Inspector General because of conflicts of interest issues, was given AFTER the ban a few weeks ago, by an agency in direct branch of instructions to “cease and desist”.
Onwards!
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Disgusting, plain and simple, but just another 'land mine' for Trump to partially defuse.
Peter, if I ever get the opportunity to subscribe, your newsletter will be among the first!
I mean that, brother.