The motor manufacturers and clean energy the fuss behind huge changes.
  • Help
Results 1 to 4 of 4
  1. #1
    1000+ Posts
    Join Date
    Oct 2002
    Location
    Melbourne Victoria
    Posts
    12,603

    Icon14 The motor manufacturers and clean energy the fuss behind huge changes.

    There have been many posts on clean energy cars and alternative fuels. Motorcars like the Tesla, Fiskar and of course other energy related issues. And of course the role of stimulus packages, and subsidies and the evolution of failures of some of those Green Energy projects once exposed to reality of the market and capitalisation. There is also a rather bitter fight between new technologies and Oil, Gas, Coal, and to a lesser extent Hydrogen power cell development and in the energy wings nuclear, that may provide abundant clean green electrical power for domestic electric vehicle use.

    Many of these issues have recently been bought out into the open with the airing of CBS News 60 minutes report on the 5th of January. When you try and upload the Utube video that is stirring so much angst in the USA you get a message that sorry you can't upload in your country. I presume that once the program is shown on Australian TV it will become available.

    Like everything else on the internet you can get to view much of what the controversy is all about.

    The Cleantech Crash - CBS News

    Centres around the cleantech company and its likely? crash. but also goes on to reveal that the failed companies that started up on the American Taxpayer funds, have been snapped up at bargain prices by Chinese investors - here are two extracts of the interviews.

    The following is a script from "The Cleantech Crash" which aired on Jan. 5, 2014. Lesley Stahl is the correspondent. Shachar Bar-On, producer.

    Advertisement



    About a decade ago, the smart people who funded the Internet turned their attention to the energy sector, rallying tech engineers to invent ways to get us off fossil fuels, devise powerful solar panels, clean cars, and futuristic batteries. The idea got a catchy name: “Cleantech.”
    Silicon Valley got Washington excited about it. President Bush was an early supporter, but the federal purse strings truly loosened under President Obama. Hoping to create innovation and jobs, he committed north of a $100 billion in loans, grants and tax breaks to Cleantech. But instead of breakthroughs, the sector suffered a string of expensive tax-funded flops. Suddenly Cleantech was a dirty word.

    Investor Vinod Khosla, known as the father of the Cleantech revolution, has poured over a billion dollars of his own money into some 50 energy startups. He took us to one in Columbus, Miss. KiOR is a biofuel company that’s replacing oil drilling with oil making.

    Vinod Khosla: Nature takes a million years to produce our crude oil. KiOR can produce it in seconds.
    The second is the interviews with one of the principles of Chinese investing company WANXIAN

    And guess who snatched them up? China! The most aggressive buyer is arguably this man.
    Pin Ni and his autoparts company Wanxiang have made six big investments in American Cleantech so far, including buying A123, another electric car battery startup that lost over 130 million tax dollars.
    Lesley Stahl: A lot of the companies that you have bought in the Cleantech area got a lot of federal subsidies. I have the list.
    Pin Ni: A123 did, yes.
    Lesley Stahl: Well, Ener1 did –
    Pin Ni: Ener1 did, yeah.
    Lesley Stahl: Smith Electric Trucks.
    Pin Ni: I would think so, yeah.
    Lesley Stahl: There's something that just doesn't feel right about a Chinese company coming in and scooping it all up after the taxpayers put so much money into it.
    I sort of like the smiling response from Pin Ni almost like saying what did you expect, we took advantage.

    So 2014 opening up as a fuel and energy battleground of economics and the huge amounts of money and investment quite capable of skewing the motor industries who will be coping with the economics of this changing world of personal and public transport.

    Note there is also a heavy underlying element of different fuels and energy systems trying to trump each other and dominate.

    Lots of ramification for our own motor marketing and competing fuel systems and the huge risk slightly buffered by government subsidies, yep 2014 shaping up as one of those years.

    PS don't know what advertisements that will be served up with the video, random selection..?

    Ken

  2. #2
    Banned
    Join Date
    Nov 2004
    Location
    sydney, australia
    Posts
    11,301

    Default

    The problem here is simply that people like Stahl are a/ stupid and b/ racist. Anyone could have bought into these companies, but the chinese buyer happened to be lrepared to pay more. How anyone finds something 'just doesnt feel right' in that, is mind boggling. Funny how it feels ok to buy trillions of $ of product from "the chinese", and set up business in china, but it isnt ok for "the chinese" to be the best bidder for an american company up for sale or needing capital. Maybe they should just get eye shaping surgery and their money would be welcome?

    Via the aussiefrogs App

  3. #3
    1000+ Posts
    Join Date
    Oct 2002
    Location
    Melbourne Victoria
    Posts
    12,603

    Icon12 Not disagreeing but that aspect was highlighted (without the racism aspect of course)

    Quote Originally Posted by alexander View Post
    The problem here is simply that people like Stahl are a/ stupid and b/ racist. Anyone could have bought into these companies, but the chinese buyer happened to be lrepared to pay more. How anyone finds something 'just doesnt feel right' in that, is mind boggling. Funny how it feels ok to buy trillions of $ of product from "the chinese", and set up business in china, but it isnt ok for "the chinese" to be the best bidder for an american company up for sale or needing capital. Maybe they should just get eye shaping surgery and their money would be welcome?

    Via the aussiefrogs App
    As I pointed out alexander that Pi Ni had a huge smile on his face when discussing this and the rights/issues of capitalism, perhaps you didn't watch the whole interview through to that point, some delicious irony there, but don't worry I am sure Wiki will have several explanations of the background just for you...eventually!!

    I see that some in the US have been very upset that the 60 minutes video wasn't in some way censored to prevent it being shown in the first place, sounds a bit like some of the stuff proposed in the early stages of electioneering here, i.e. muzzle the press/media to ensure that not even your own side rocks the boat.

    The other issue is the overall effect on the automobile market with all that potential money flying about or up for grabs, not to mention the competing fuels and technology, I guess you would not have noted the political commentators, the shutting of doors to other competitive wood to oil that seemed to overcome the robbing of food production that subsidized corn biofuels enjoyed and the effect of future fuel and energy post the fracked gas availability.

    But then it might be opportunistic in that video to shut down some alternative fuel competition, is this the first real shot in that direction to eliminate competition in and over abundant market supply. but then that would have an element of fossil fuel conspiracy about it and that as you know never happens!

    Interesting to watch from the sidelines though...

    Ken

  4. #4
    Banned
    Join Date
    Nov 2004
    Location
    sydney, australia
    Posts
    11,301

    Default

    Quote Originally Posted by Kenfuego View Post

    The other issue is the overall effect on the automobile market with all that potential money flying about or up for grabs, not to mention the competing fuels and technology, I guess you would not have noted the political commentators, the shutting of doors to other competitive wood to oil that seemed to overcome the robbing of food production that subsidized corn biofuels enjoyed and the effect of future fuel and energy post the fracked gas availability.

    Ken
    there should be a corner of the Smithsonian Institute for sentences like that.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •