DOE Finalizes $1B New Loan Guarantee Authority for Fossil Fuel, Renewables, and Energy Efficiency Projects

| Sonal Patel

The Department of Energy’s (DOE’s) authority to issue loan guarantees officially received a $1 billion boost, which will be split between its Advanced Fossil Energy Projects solicitation and Renewable Energy and Efficient Energy Projects solicitation. 

The agency has finalized the additional loan guarantee authority that President Obama announced in August. It means that more loan guarantees are available under the DOE’s Loan Programs Office (LPO) solicitations. The Advanced Fossil Energy Projects solicitation (which also includes distributed energy projects) now has an additional $500 million, making a total $8.5 billion available. It also adds $500 million to raise the total for the Renewable Energy and Efficient Energy Projects solicitation to $4.5 billion.

Supplemental guidances issued on Oct. 21 also add new rounds of Part I and Part II application deadlines that extend well into 2016.

DOE loan guarantee applications typically undergo a two-part review: Part I determines the initial eligibility of a project and whether it is ready to proceed, and Part II, for applications that clear Part I, includes the full application process. The LPO then grants a conditional commitment to selected applicants, who next undergo the complete underwriting process and negotiation of terms for the loan guarantee.

“We hope these announcements continue to encourage innovative energy projects to apply for Title XVII loan guaranteesand we look forward to doing more deals in the future,” said LPO Executive Director Mark McCall in a statement.

The LPO now has open solicitations in four areas: the $8.5 billion Advanced Fossil Energy Projects solicitation; the $4.5 billion Renewable Energy and Efficient Energy Projects solicitation; the $16 billion Advanced Technology Vehicle Manufacturing loan program; and the $12.5 billion Advanced Nuclear Energy Projects solicitation. The office had reportedly received $12 billion worth of proposals as of July 2015.

To date, the agency has disbursed $32.4 billion to 30 projects under Section 1703 ($8.33 billion of that to Southern Co.’s Vogtle reactors and $2 billion to AREVA’s Eagle Rock Enrichment Facility), Section 1705 (which expired in September 2011 and furnished mostly renewables, transmission, or biofuels projects with loan guarantees), and advanced technology vehicles manufacturing.

Tesla Motors and the Road To Corruption

By Amy Landin- Washington Digital Review

It began as an idea by a couple of guys (none of whom were Elon Musk) who wanted to stiff it to the petroleum industry. It ended with political crime, corruption and the theft of tens of billions of taxpayer's dollars.

Jason was a junior level accounting major at Georgetown University. He had been recruited by Lachlan Seward, the loan program coordinator for the United States Secretary of Energy: Steven Chu. Jason thought that his low pay would yield big resume points, because, on this late October evening, he was going over the use of funds for a twenty five billion dollar “special” government fund. It was “big ticket” project and he knew he would be able to impress Wall Street, when he went job hunting at the end of this internship.

There was one problem, though, as he poured over the papers spread across the conference table on the upper floor of 1000 Independence Avenue, in the U.S. capital.

As he looked at the figures in front of him, again, he had a shiver go up his spine.

It wasn't excitement, it wasn't anticipation, It wasn't the chill of the office. He was beginning to think that something was horribly, horribly wrong.

The problem was, he just realized he was being ordered to arrange the materials in order to hand the taxpayer money over to the least qualified applicant. Additionally, the least qualified applicant was best friends with, and helped nominate, Secretary of Energy Steven Chu.

The applicant was Tesla Motors.

Nearly a billion dollars of taxpayer money has been spent on media hype about Tesla Motors and Elon Musk. Almost the full extent of that media smoke-screen, and Internet search engine rigging obfuscation effort, has been dedicated to keeping the public from finding out the truth about Tesla Motors.

Tesla was started by a couple of tech nerds who really hated oil companies. It labored for a number of years with little to show. Elon Musk then showed up, to run a hostile take-over of Tesla, and threw the founders out, during some very nasty lawsuits in which Tesla founder: Martin, accused him in court papers, and blogs, of being a fraud and a weasel.

Musk, and his Silicon Valley Cartel, had figured out a way to monopolize lithium mining deals in Afghanistan, and other war-profiteered regions. He had hooked up with Senator's Feinstein and Reid, via some spectacularly crooked insider stock, real-estate and supplier contract kick-back schemes, in order to grease the skids for a business conglomerate based on government hand-outs.

The $25 billion dollars had come from the U.S. taxpayers under a law called the Section 136 law. It was no ordinary pig trough bill. It had restrictions which, if violated, would meet the legal requirements of a felony-grade crime. John Doerr, Eric Schmidt and Elon Musk had crafted the schemed up portion of the Section 136 Advanced Technology Vehicle Manufacturing fund. It It was rigged to put tens of billions of taxpayer dollars right in their pockets, via an elaborate smoke-and-mirrors scam.

What Jason was looking at showed, in a side by side shoot-out, with all 200+ applicants, that Tesla Motors, compared to all others, was not only the least qualified but was in violation of the very law that operated the fund. Additionally, Tesla's investors were campaign financiers, and they had been demanding that the applicants who competed with them, get “nixed”.

The documents and the Treasury, SEC and GAO reports seemed to indicate that something was wrong in Tesla-land.

The law said that the applicant must use existing factories: Tesla was applying to build new real estate in order to benefit Diane Feinsteins husband's realty holdings.

The law said that the applicant must not be on the verge of bankruptcy yet Elon Musk had told Energy Department executives that Tesla would go bankrupt without the cash. Musk later confessed to this in on-camera interviews.

The law said that Tesla must comply with NEPA non-toxicity rules yet the Tesla factories were known to emit cancer-causing materials and had killed thousands of workers in China. Additionally, a plan to build a Nevada Tesla battery factory was found to be so toxic that it could kill entire towns from the toxic run-off. Additionally, disposal of Tesla batteries creates a domestic toxic dump as bad as Three Mile Island.

The law said that the money must be used to create U.S. jobs, yet Tesla was planning on (and, in fact, did) hiring a large number of H-1B off-shore workers.

The law said that the awardee had to pay an awarding fee. Tesla never paid the fee and their staff even bragged about the waiver in a public presentation.

The law said that the awardee had to have a factory-ready design. During the entire time of Tesla's application; not only did they not have any design but they used the money they got from the taxpayers, to start from scratch and figure it out. Their submitted napkin design was $100,000.00 over-budget PER CAR, during the DOE application period time. Nothing in the DOE Tesla application technical design “rough idea” has any resemblance to the car that actually emerged from the “factory”.

Outside of the Section 136 law, federal criminal law says that you must not bribe politicians to get awarded federal money. Tesla has been shown to have bribed the very politicians that awarded the taxpayer cash.

The section 136 law said that the applicant must have a top-level “debt ratio”. A debt ratio is how much money has been dumped into a company vs. the likelihood of paying all of the investors back. Tesla had THE WORST DEBT RATIO of all 200+ applicants. In other words, based on Treasury investigators analysis: Tesla had burned up so much money, with so little potential, and so little volume demand, that the ability to survive was almost nil. Department of Energy staff, who were, exclusively, hand-holding Tesla through the DOE program, helped arranged for a Detroit car company to temporarily acquire some Tesla stock in order to help Tesla fudge their book-keeping, so that the debt-ratio would falsely appear to balance just long enough for the award of taxpayer cash to be issued. Most of Tesla's main sales were to it's own investors and political fan-boys, in order to inflate order reports.

Tesla's application promised to sell at least 200,000 cars by 2012. In fact Tesla, as of today, has barely sold a tiny fraction of that number, after missing every milestone in it's original application, and after wasting more money, per car, than any other car maker in manufacturing history.

These violations of the rules of the programs, the laws of the nation and the realms of morality went on and on. The list was long. Jason was now sweating.

Here was a company that appeared to be a total sham. It was a hyped up, internet-buzz calculated, stock market skim machine. It's supporters were the leaders in the use of “Flash Boy” stock market manipulation algorithms. Tesla shared the same plot of land with another company, which involved most of the same people. That other company was the soon-to-be-FBI-raided SOLYNDRA.

What was Jason going to tell his boss at The Department of Energy? He visualized his career swirling around the rim of a toilet bowl as he tried to form the words, in his mind, to tell his boss that the applicant, called Tesla Motors, was a stink bomb.

Jason never got to have that meeting with his boss. The next day the Department of Energy controller, who sat in between the boss and Jason, took the briefing from Jason. He complimented Jason on his excellent work but said that he would handle the revelation with the boss.

Not that many weeks later, Jason was shocked to see Steven Chu on CNN announcing the award of the vast sums of the taxpayer cash, via the $25 Billion dollar “special fund” to Elon Musk and Tesla Motors.

What had happened?, he wondered. What could have erased a volume of dark revelations from review? Having not yet heard of”Lois Lerner” or the “Hillary Email Caper” yet, he could not imagine what had gone sideways.

He made his way, with urgency, to the controller's office, where he had first disclosed his findings. The controller looked up as he walked in, gave a commiserating expression and simply said...” ...I know, how you must feel about now..”

There is nothing you can do except forget that this ever happened. We got a memo. This memo! (he held a piece of paper up, facing away from Jason). “I can't ever show it to you, but it is a game-changer.”

Jason saw the memo, lit from behind, as the controller held it, facing away from Jason, but back-lit by the setting sun. It had a very distinct blue circular logo, at the top, and a watermark that is like no other in the world.

The White House had ordered the wave-through of their campaign financier's company despite all of the known false-hoods, misdeeds and out-right lies that Tesla had engaged in.

Automated mass internet manipulation attack “Troll Farm” Tactics used by Tesla to rig internet perceptions:


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Crony Capitalism - The Real Cause Of Society's Problems

Submitted by Tyler Durden

Submitted by Richard Ebeling via,

Since the economic downturn of 2008, the critics of capitalism have redoubled their efforts to persuade the American people and many others around the world that the system of individual freedom and free enterprise has failed.

These critics have insisted that it is unbridled capitalism, set loose on the world, which is the source of all of our personal and society misfortunes. We hear and read this not only in the popular news media and out of the mouths of the political pundits. We see it also in the election of a radical socialist to the leadership of the British Labor party, and a self-proclaimed “democratic socialist” riding high in the public opinion polls for the Democratic Party’s nomination to the U.S. presidency.

The first observation to make is that many if not most of the social and economic misfortunes that are most frequently talked about are not the product of a “failed” free enterprise. The reason for this is that a consistently practiced free enterprise system no longer exists in the United States.

The Heavy Hand of Regulation

What we live under is a heavily regulated, managed and controlled interventionist-welfare state. The over 80,000 pages of the Federal Register, the volume that specifies and enumerates all the Federal regulations that are imposed on and to which all American businesses are expected to comply, is just one manifestation of the extent to which government has weaved a spider’s web of commands over the business community.

The Small Business Administration has estimated that compliance costs imposed on American enterprise by this mountain of regulations maybe upwards of $2 trillion a year.

At the same time, the tangled web of corrupt government-private sector relationships is also reflected in the size and cost of special interest lobbying activities connected with the Federal government.

According to the non-partisan Center for Responsive Government, in 2014 there were almost 12,000 registered lobbyists working in Washington, D.C. Their job is to influence the writing of legislation that serve special interest groups attempting to obtain sectorial tax breaks, anti-competitive regulations or market restrictions, redistributions of wealth, or taxpayer funded subsidies and protections from the realities of free market competition and trade, or to advance various ideologically motived “causes.”

Spending Big Money to Plunder Others

The Center for Responsive Government, which tracks who lobbies and for what purposes and causes through the targeting of specific holders of or contenders for Federal elected office, including the Presidency and both Houses of the U.S. Congress, estimated that in 2014 lobbyists spent nearly $3.25 billion in the pursuit of privileges for some at the expense of others in society.

Just alone in 2013-2014, over $500 million dollars was spent on lobbying activity by the financial, insurance, and real estate sectors. Ideological and single-issue groups spent more than $352 million. Lawyers and lobbyists spent $151.5 million; health industry companies spent $142 million; and labor unions “invested” $140.6 million on lobbying.

Communications and electronic companies spent $116 million; energy and natural resource sector, $115 million; agribusiness, $77 million; construction companies, $67.7 million; transportation firms, $61 million, and defense companies, $25.4 million.

Based on the Senate Office of Public Records, the Center for Responsive Government calculates that lobbyists spent close to $41 billion on lobbying activities over the last 15 years, since the beginning of the twenty-first century.

These billions of special interest-serving dollars have influenced and affected the spending of trillions of dollars of Federal government expenditures over the same decade and a half. The lobbyists work with and use those who hold high political office so the special interest and ideological groups who employ them can plunder many others in American society; they can be viewed as among the most successful enterprisers in the country.

The Best Politicians Money Can Buy

But the symbiotic relationship between politicians and special interest groups of all types does not begin or end with the formal lobbying for legislative, regulatory and fiscal privileges and favors in the halls of Congress and the White House in Washington, D.C.

It goes on all year round all over the country in the form of campaign and electioneering contributions to get those elected or reelected who can be depended upon to direct the powers of government in ways that interest groups and ideological activists desire and from which they hope to benefit.

Again according to the Center for Responsive Politics, in 2013-2014, individuals and PACS donated over $1.6 billion to 1,671candidates of both major political parties running for office in the Senate and the House of Representatives. Democratic Party candidates received $736 million, while Republican Party candidates received $901.5 million.

While it may seem unseemly to suggest such a thing, these amounts for legislative lobbying and campaign funding, of course, do not include more millions of dollars that grease the palms of those in political power or who want to be in those lofty positions that represent funding that are outside the official channels in the form of “gifts,” travel junkets, off-the-books expense accounts, and out-and-out bribes of one type or another.

The real world of corrupted and corrupting crony capitalism includes more than lobbying expenditures and campaign contributions to have ringside seats in the halls of political plunderland.

The media has been in a frenzy with the revelations that the Volkswagen automobile company manipulated information about emission standards on its diesel vehicles to deceive environmental regulators in both the United States and Europe. This is being portrayed by many in the media as another example and “proof” of the consequences of unbridled capitalism, when left outside of sufficiently tight and demanding government regulation and intense oversight.

Government Partnerships and the Volkswagen Scandal

However, a closer look shows that this is, instead, another example of the result arising from government, business and labor union “partnerships.” In Germany, labor union representatives sit on the executive boards of large companies and corporations that work closely with various levels of the German government to attain political and “social” goals and objectives very different and separate from what a truly free market company does in pursuing peaceful and honest profits in the service of consumer demand on open, competitive markets.

On September 25, 2015, The New York Times quoted a former Volkswagen executive who said:

There’s no other company where the owners and the unions are working so closely together as Volkswagen. [Volkswagen] guarantees jobs for over half the supervisory board. What management, the government and the unions all want is full employment, and the more jobs, the better. Volkswagen is seen as having a national mission to provide employment to the German people. That’s behind the push to be No. 1 in the world. They’ll look the other way about anything.”

In such a politicized market economy, working for and serving “national” and “social” interests become the guiding principle of business decision-making. Not only does it lead to wasteful and inefficient economic business operations having less or sometimes nothing to do with cost-effective management and allocation of labor and resources to make better, newer and less expensive products, it also corrupts the individuals participating in these activities.

Breaking one or more regulatory standards imposed by government on these enterprises is merely one way of “doing business” to advance other political goals such as “jobs” and “full employment” that are expected as part of the “partnerships” with local and national-level politicians and labor union leaders.

The only thing expected from the business enterprises in these intricate political webs is: Don’t get caught. If you do, then your political partners become like Captain Renault, the prefect of police in the 1942 movie “Casablanca.” When Renault orders the closing of Rick’s Café, the owner asks him on what grounds. Renault declares that he is “shocked, shocked” to discover that there is gambling going on in the café. At which point the roulette coupé appears with a stack of franc banknotes in his hand and says to Renault, “Your winnings, Sir.”

Volkswagen got caught, and will pay handsomely in financial and other penalties that will, no doubt, be imposed by the U.S. and European governments. And all the time, Volkswagen’s political partners, especially in Germany, who fostered and worked with the company to play its part in the “game” of government interventionism that has nothing to do with market-oriented enterprise, will sanctimoniously condemn the greedy and “selfish” conduct of profit-hungry businessmen.

What all these examples and facts about lobbying activities, campaign funding and government-business partnerships highlight is the pervasive extent to which “capitalism” as it now exists in the United States or Europe – or in fact all other parts of the world – has nothing to do with free market, laissez-faire capitalism.