Jan. 29 (Bloomberg) "Citigroup Inc. agreed to spend $513 million to increase its stake in LQ Inversiones Financieras SA, or LQIF, the holding company of Banco de Chile. Citigroup, based in New York, exercised an option to buy an 8.5 percent stake, increasing its total share to 41.48 percent, Quinenco SA wrote in statement posted today on the Chilean regulator's Web site. Quinenco controls Banco de Chile through LQIF."
Like Ford's profits, don't take it personally, there just isn't any money to be made by investing in you!
President Obama slipped in, almost between the lines of his State of the Union speech, that he wants to build more nuclear power plants as part of his green energy strategy. That was John McCain's idea during the campaign, along with clean coal. Then the President channeled Sarah Palin's "drill baby drill" in favor of offshore oil drilling.
First, nuclear energy isn't green, it's toxic and will remain toxic for thousands of years. The sealed up plants will be reminders someday of a bygone era like old water wheel gristmills, only these will be toxic gristmills. The much-touted French nuclear power program has the same problems found in American plants, namely toxic leaks and irradiated workers.
The plant construction will be called a jobs program but you don't just get hired to build nuclear power plants. It is a specialized field, which is controlled by three or four major players worldwide. You won't see a want ad in the paper saying help build our nuclear plant. Ditto for oil drilling. Oil prices at $72.00 per barrel means that more super tankers worldwide are being used as storage than as shipping vehicles.
"MORE than 35 very large crude carriers are contracted to store crude oil in response to the widening contango in oil markets. Brokers and ship owners estimate that up to 80m barrels of crude is either under storage or is en route to a storage destination in very large crude carriers and in some suezmaxes." Lloyds List, January 14, 2010
So echoing "drill baby drill" is a bone for that other economy that doesn't include you. Clean coal? Sure, how about some nice safe heroin?
The idea of green energy is to eliminate toxic sources of energy, not to make them a little less toxic. We want to quit smoking, not look for a safer cigarette. That's what you and I want, but the other side of the economy says oil, nukes and coal.
"Obama, Reid tour Nellis solar facility -- President also lauds success of Recovery Act's first 100 days
"President Barack Obama toured the solar photovoltaic array at Nellis Air Force Base this morning for a look at how solar energy is being used in Nevada. Col. Howard D. Belote, the commander of the 99th Air Base Wing, led Obama and Senate Majority Leader Harry Reid on the tour. The event, which was closed to the public, followed Tuesday night's fundraiser for Reid at Caesars Palace.
"The Nellis solar power system was finished in December 2007 and is the largest solar photovoltaic array in the country." Las Vegas Sun, May 27, 2009
"China Solar Panel Maker (Who Already Has Installed a Solar Farm on a U.S. Military Base), Now Sets Up 1st U.S. Plant" InsightAnalytical-GRL, Sunday, November 22, 2009
"China Solar Panel Maker Sets First U.S. Plant
"Suntech's investment comes as anxieties are rising in Washington over foreign domination of the U.S. cleantech space. In late October the announcement of a Chinese-U.S. consortium planning to build a wind park in Texas using imported Chinese turbines led to calls that federal subsidies should be pulled from the project" Business Week
What good are green initiatives or investment in green research if the jobs are created overseas? That's great, we're going to use less oil from Saudi Arabia by purchasing solar cells and wind turbines from China. Nuclear plants built by GE will help GE's bottom line, not America's. Jobs, jobs, jobs, nothing else matters! Not throwing up trade walls but protecting our national energy security by making sure that American solar cells and wind turbines are the world's finest and at least have a place at the table.
From Minnesota in the east to Wyoming in the west to Texas in the south, the continental United States has the largest wind potential in the world. When you include coastal areas, it almost doubles. No offshore drilling but off-shored turbines, no clean coal, but solar arrays, and no nukes but wind turbines and jobs designing, siting, erecting, and assembling them for Americans. That is what you do if you want to put a U in recovery.
Like Ford's profits, don't take it personally, there just isn't any money to be made by investing in you!
President Obama slipped in, almost between the lines of his State of the Union speech, that he wants to build more nuclear power plants as part of his green energy strategy. That was John McCain's idea during the campaign, along with clean coal. Then the President channeled Sarah Palin's "drill baby drill" in favor of offshore oil drilling.
First, nuclear energy isn't green, it's toxic and will remain toxic for thousands of years. The sealed up plants will be reminders someday of a bygone era like old water wheel gristmills, only these will be toxic gristmills. The much-touted French nuclear power program has the same problems found in American plants, namely toxic leaks and irradiated workers.
"MORE than 35 very large crude carriers are contracted to store crude oil in response to the widening contango in oil markets. Brokers and ship owners estimate that up to 80m barrels of crude is either under storage or is en route to a storage destination in very large crude carriers and in some suezmaxes." Lloyds List, January 14, 2010
So echoing "drill baby drill" is a bone for that other economy that doesn't include you. Clean coal? Sure, how about some nice safe heroin?
The idea of green energy is to eliminate toxic sources of energy, not to make them a little less toxic. We want to quit smoking, not look for a safer cigarette. That's what you and I want, but the other side of the economy says oil, nukes and coal.
"Obama, Reid tour Nellis solar facility -- President also lauds success of Recovery Act's first 100 days
"President Barack Obama toured the solar photovoltaic array at Nellis Air Force Base this morning for a look at how solar energy is being used in Nevada. Col. Howard D. Belote, the commander of the 99th Air Base Wing, led Obama and Senate Majority Leader Harry Reid on the tour. The event, which was closed to the public, followed Tuesday night's fundraiser for Reid at Caesars Palace.
"The Nellis solar power system was finished in December 2007 and is the largest solar photovoltaic array in the country." Las Vegas Sun, May 27, 2009
"China Solar Panel Maker (Who Already Has Installed a Solar Farm on a U.S. Military Base), Now Sets Up 1st U.S. Plant" InsightAnalytical-GRL, Sunday, November 22, 2009
"China Solar Panel Maker Sets First U.S. Plant
"Suntech's investment comes as anxieties are rising in Washington over foreign domination of the U.S. cleantech space. In late October the announcement of a Chinese-U.S. consortium planning to build a wind park in Texas using imported Chinese turbines led to calls that federal subsidies should be pulled from the project" Business Week
What good are green initiatives or investment in green research if the jobs are created overseas? That's great, we're going to use less oil from Saudi Arabia by purchasing solar cells and wind turbines from China. Nuclear plants built by GE will help GE's bottom line, not America's. Jobs, jobs, jobs, nothing else matters! Not throwing up trade walls but protecting our national energy security by making sure that American solar cells and wind turbines are the world's finest and at least have a place at the table.
From Minnesota in the east to Wyoming in the west to Texas in the south, the continental United States has the largest wind potential in the world. When you include coastal areas, it almost doubles. No offshore drilling but off-shored turbines, no clean coal, but solar arrays, and no nukes but wind turbines and jobs designing, siting, erecting, and assembling them for Americans. That is what you do if you want to put a U in recovery.
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