By Tom Quiner

The Obama administration has engaged in some serious crony capitalism.

They take your money and redistribute it to politically-correct green energy companies.

The list is substantial:

√ Solyndra.

√Abound Solar.

√Beacon Power.

√ Ener1.

√ Energy Conversion Devices.

√ Evergreen Solar, Inc.

√ Mountain Plaza, Inc.

√ Olsen’s Crop Service and Olsens Mills Acquisition Co.

√ Range Fuels.

√ Raser Technologies.

√ Spectrawatt.

√ Thompson River Power LLC.

These companies all took cash from us tax-paying chumps, blew through it, and went bankrupt. However, a few green energy companies took taxpayers’ cash and managed to stay afloat, even though our “investment” was squandered.

These companies include Solazyme, Amyris, and Sapphire Energy.

Solazyme received $20 million of our money. The money was earmarked to build a refinery for automotive fuel. Instead, now they’re selling cooking oil derived from algae.

Whoops. So much for green energy.

Amris was a company backed by Al Gore and his green energy buddies. They were slated to revolutionize green energy. Something funny happened on the way to biofuel salvation: they shifted into facial moisturizes and cosmetics after spending $25 million of yours’ and mine dollars from a Department of Energy grant.

Whoops. So much for green energy.

And then there’s Sapphire Energy. The Obama Administration handed them more than $100 million of yours’ and mine dollars. But instead of coming up with a revolutionary green energy solution to free us from the shackles of evil oil, they moved into nutritional supplements, stuff like Omega-3.

Whoops. So much for green energy.

At least these companies didn’t go broke. But they successfully suckered us for a nice chunk of change to set themselves up in non-energy businesses that produce stuff at a profit, something that green energy can’t do without massive subsidies.

If green energy is so good, let the greenies get their cash from private venture capitalists, not the taxpayers.



  1. Lori on December 26, 2015 at 7:51 pm

    I don’t mind when the government uses my money for these and other projects. They really do know what is best. It would be arrogant of me to think I could do a better job managing my own money, so I’ll keep sending it to them to decide how to put it to good use.

    • quinersdiner on December 26, 2015 at 10:24 pm

      Well-stated with just enough snark!

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