Our Energy Policy An Economic Boost For Asia
Since 2009 when the American Recovery and Reinvestment Act was passed the concept was to get investment from American Manufactures to increase production here in the United States. This would pave the way for more job growth and reduce the unemployment rates that have been escalating for over two years to an all time high. The total price tag of over 4 trillion dollars did nothing but the exact opposite of what Congress and the President wanted this Re-investment Act to do.
To break down the numbers first we have to acknowledge that the United States still spends over $362 Billion a year on imported oil for our ever increasing energy needs. Without any concise energy policy in place contrary to what the Energy Department has and is doing the price tag for imported oil will only increase by over 10% every year until we decide that enough wasteful spending is enough. Quick action by Congress in passage of the Pickens Energy Plan would go a long way toward reducing the now wasteful spending of our tax dollars and if the unemployment rates stays in double digits this will also add to the national debt.
To compound our current energy woes is the fact that since this 2009 Stimulus Bill was signed more than $4 Billion of these funds went to foreign firms thereby improving their economic growth not ours. China alone through this financial aid has created tens of thousand of new jobs that should have been created here in the United States. Wind turbines make the bulk of the manufacturing enterprises that are produced to provide the renewable energy for the United States as well as the countries that manufacture the parts for those turbines. The Wind Energy Association acknowledges that foreign companies with their production plants in the United States have either closed or reduced their production which only further exasperates the unemployment crisis here in the United States. Two solar production firms, the largest to date in the United States have now closed. GE Solar in Newark Del. and Evergreen Solar in Marlborough in Mass. both can ill afford the unemployment problems that the closing of these plants have caused. They are now going to continue operations and production in China.
The whole stimulus Funding administered by the Dept. of Energy and the Treasury is supposed to reward companies for investing in renewable energy. Create more facilities here in the United States thus encourage them to reinvest in America. So far only a handful of firms have taken advantage of this program. There hasn't been any restrictions on how or where this money can be spent and with no discretion in who can be given this funding all these expenditures are bypassing the American worker.
Two major obstacles must be overcome before the United States can begin to compete with foreign manufactures of Solar and Wind technologies. The first one, is that in the United States there is still very little demand for Solar or Wind Energy. This is because the price to convert is so cost prohibitive that the majority of prospective costumers still can't afford to convert from conventional fossil fuel energy to green technologies. The second step to overcome is to demand accountability to these firms that if you receive any stimulus the amount received must equate to job creation here in the United States. But so far all this stimulus funding has done is create more of an imbalance in our trade deficit and increased the unemployment rates here in the United States. An example of this inadequacy is the fact that foreign owned manufacturing firms outside the United States continue to build 98% of all the wind turbines using Grants from the United Sates.
Any type of renewable energy facility put into service since 2009 is eligible to receive Grant Funding as outlined under section 1603 of the American Recovery and Reinvestment Act of 2009. So far 3.9 Billion dollars have gone to wind energy firms. The largest went to Texas Gulf Wind Farm in Santa Texas a company owned by a bankrupt Australian energy investment firm Babcock & Brow. All wind turbines on this farm were built by Mitsubishi a Japanese firm that does not operate any production facilities anywhere in the United States. This is just the tip of an economic iceberg where foreign companies continue using and garnishing American Tax Dollars creating more growth opportunities outside the United States leaving America wondering why our tax dollars haven't reduced our massive unemployment rates and leaving us with out a real viable energy plan that threatens our national security and stability.