The Democrats’
green energy dream is becoming their nightmare. Other Solyndras are coming to light, the latest being Sapphire Energy. Its pond-scum-based biofuel still costs over $26 a gallon, but that doesn’t matter when your executives give almost solely to Democrats.
The Washington Free Beacon reports that after $104.5 million in stimulus and other Energy and Agriculture Department funds for a New Mexico facility, it can boast just 36 new jobs. UC Berkeley’s Energy Biosciences Institute says it’ll take a decade before we know if algae-based fuel can compete with gas.
The Washington Post recently found “$3.9 billion in federal grants and financing flowed to 21 companies backed by firms with connections to five Obama administration staffers and advisers.”