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Posts Tagged ‘british petroleum’

Taxpayers to Subsidize EVs and Charging Stations

Department of Energy project will install 15,000 240-volt outlets, many of them in private homes. U.S. workers to pay.

by on Jun.18, 2010

Should taxpayers subsidize EVs?

A company called Ecotality has received another $15 million from the Department of Energy to provide free home chargers to the purchasers of Chevrolet Volt and Nissan Leaf electric vehicles, a $1,000 to $2,000 saving courtesy of U.S. workers.

This new Federal grant extension includes $15 million of American Recovery and Reinvestment Act (ARRA) funding, which will be matched with $15 million in private funds, for a total of $30 million.

ARRA, in case you forgot, was an almost $1 trillion dollar bill – in both legislative and cost senses – by the new Obama Administration that used borrowed money to stimulate the U.S. economy. This was after the outgoing Bush Administration allowed the collapse of Lehman Brothers in the fall of 2008 and the financial markets imploded. Whether it actually stimulated the economy or just stopped a further contraction or was just more pork for special interests is still a matter of debate.

These new federal funds to Ecotality are in addition to the original grant of almost $100 million to Ecoality’s EV Project in October of 1999, which was created through ARRA.

The additional taxpayer largesse comes as the House of Lords in the United Kingdom is due to debate next week controversial electric vehicle subsidies of up to $7,400 per car and $44 million for charging stations in London and other urban areas. Similar and just as expensive giveaways are under consideration by governments globally.

Who Pays?

The conversion of automobility to electric vehicles will require these taxpayer subsidies, according to proponents. Critics counter that this is shaping up to be a massive raid on public coffers by special interests under the guise of cleaner air.

The debate has taken on new political urgency as the Global Great Recession drags on and governments continue to run huge, unsustainable deficits, and financial reforms over the practices that started this mess are stalled by corporate lobbyists.   (more…)

Enter Our “Rename BP” Contest

The winner gets a can of anchovies, packed in oil of course.

by on Jun.01, 2010

The need for a new BP name to escape blame (NNTEB?) is, well, now floating to the surface.

The largest oil spill in U.S. history is creating the obvious need for the rebranding of BP so that when it inevitably uses bankruptcy to escape its still growing multi-billion dollar liabilities, the new, clean corporation can remove itself as much as possible from being associated with the disaster that Bad Petroleum created in the Gulf of Mexico.

I will wager there are expensive consultants working on this right now – numerous bankruptcy lawyers, as well as branding and logo design firms.

However, since we firmly believe in the free, err rigged by the rich, very expensive market, as well as the creativity of our audience, we hope that a name that is much better than Beyond Petroleum (PB or post beyond?) will gush forth from the electronic ether. How about EB for escape blame, or NCC for new clean corp, or DM for drilling mud, or PYNW, as in poisoning your neighbor’s well or DHR for Deepwater Horizon rig?

This is vital so that whatever entity BP becomes (Post-Britannique Moniker, PBM?)  it can drill into a slick new world, uninhibited by having to pay for an ocean’s worth of dead fish, birds and assorted marine non-life (AMNL or maybe just slick oil?).

Posturing politicians (PP?) and our non-regulatory agencies (NRA – oops, need to dodge that naming rights bullet) will also welcome the relief coming from the change of subject (COS?) as the oil spill (OS?) goes on for a longer time than Noah endured the rain. (Ark Oil or just ARC, since BP already holds the rights to Arco?)

So please “spill baby spill” with your ideas. (M-GOL as in millions of gallons of oil liquid?)

Is a “Palin”-drome possible here? After all (or is that after oil?) Sarah used a similar tactic by abandoning Alaska when it became clear that a reckoning was coming and she needed to get out before she was thrown out by voters (GOTO?). How about SBS from “spill baby spill or SBD for “spill baby ditto” – oops, I think that one is taken. Say the ultimate costs imposed by the impotent Obama Administration on BP (hum – IOA?) are $98289 billion, then there are numerous possible new titles for Bad Petroleum if you let your fingers do the walking on your cell phone key pad: WUAUW?

Getting the “unpredictable drift” here? What about RWTM – for relief wells take months?

Send us an “oil-mail” with your worst ideas so we can drill down into the topic. The anchovies await…