$44 billion of wasted money for failed solar panel companies later, gas prices are through the roof and the president is scrambling to rationalize why he blocked a way to have cheaper fuel and add a lot of jobs - 400 miles of pipeline in Nebraska in addition to the 20,000 already there, which government scientists deemed safe, is a poor rationalization and not based on any science.
The pristine Ogallala Aquifer and its existing pipelines.
In 1968, when the Viet Nam War was starting to look like a quagmire, CBS News anchor Walter Cronkite openly declared his opposition. President Lyndon Johnson reportedly told an aide that when he lost Cronkite, he lost America. News is much different today; there are no trusted broadcasters. People instead trust comedians. So when Steven Chu lost Jimmy Fallon, he may be on the outs (though I predicted he would be on the outs after Solyndra and that has not happened).
Jimmy Fallon is in the 1%, and so quite rich, but he still doesn't think gas prices are anything to brag about - and a PhD in physics probably shouldn't look as out of touch as he does. Fallon commented, "Yesterday, Energy Secretary Steven Chu said that he would give himself an A for controlling the cost of gas. On behalf of Americans, I'd like to give him an F -- and a U. Five dollars a gallon for gas? You turkey!"
Chu responded to criticism during his Congressional hearing that electric cars were soooo much better now and that he deserves the credit but, really, the poorest people in America are impacted by this kind of government mismanagement and telling them to go out and buy an electric car seems like the kind of elitist patronization that has gotten his boss so much criticism.
President Obama may also be hanging him out to dry a little. He canceled Keystone XL after Chu said it should be approved, then said he would push forward to get approval for a section of Keystone that Transcanada has not even applied to build. Though maybe he still likes Chu. He said China is to blame for Solyndra failing, not the company itself or even the Energy Department for giving them more money after they were kaput. Why blame others? Because the Chinese subsidize low cost loans to manufacturers - just like American taxpayers did for Solyndra.
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