Tag: Department of Energy

Ford Ditching Plans for Electric Vehicle SUV as Market Struggles Continue

Daily Caller News Foundation
Ford EV plant

Ford said Wednesday that it is canceling its plans to build a three-row electric SUV as the wider U.S. electric vehicle (EV) market continues to struggle.

The company announced that it expects to take up to $1.9 billion in write downs and other special charges related to its decision after losing billions of dollars on its EV product line in 2023. In addition to canceling its three-row electric SUV, Ford is also pushing back its plans to roll out an electric pickup truck model until 2027, a one-year setback.

Read More

Biden Energy Department’s Claim It Replenished Strategic Petroleum Reserve Misleading, Expert Says

Just the News
Joe Biden

When the Department of Energy announced that it had successfully replenished the nation’s stockpile with the total purchased volume of 40 million barrels, the announcement had some people scratching their heads.

The Strategic Petroleum Reserve (SPR), as the stockpile is called, contained over 630 million barrels of crude oil when President Biden took office in January 2021. Last week, it had less than 376 million barrels. How did the DOE refill the SPR with only 40 million barrels?

Read More

Biden Admin Cuts Another Huge Check for Automakers to Go Electric as Electric Vehicle Market Struggles

South Carolina Sun Staff
Tesla being assembled in factory

The Biden administration announced Thursday that it is spending billions of dollars more to help automakers mass-produce electric vehicles (EVs).

The Department of Energy (DOE) is spending $1.7 billion to help manufacturers convert closed or struggling manufacturing facilities to produce EVs or EV components in eight states, including swing states like Pennsylvania and Georgia, as the American EV market struggles. The funding complements $12 billion the DOE unveiled in August 2023 to help major manufacturers retrofit plants for EV production, and the agency projects that the cash announced Thursday will allow for the retention of 15,000 union workers while creating nearly 3,000 jobs.

Read More

Commentary: The Federal Government Loses More Money than Could Ever Be Accounted For

RealClearWire
Accountant working on spreadsheets

Not long after Jeremy Gober started running a sleep center, he quit treating patients for narcolepsy and sleep apnea and went full-time submitting bogus insurance claims. According to Gober’s 2022 indictment, he committed at least one especially sloppy error: One of his make-believe billings included a Medicare claim for treatment in March 2018 for a patient who’d died in December 2017. Before Gober was caught, Medicare and California’s healthcare system, Medi-Cal, ended up paying him a total of $587,000 for claims that turned out to be fiction.

The payments to Gober were part of $260 million the U.S. Department of Health and Human Services spent from 2009 through 2019 to reimburse healthcare providers in 15 states and Puerto Rico for services to patients who were dead, according to the inspector general of the HHS, which administers Medicare and Medicaid — programs with combined expenditures of $1.7 trillion.

Read More

Biden Admin Contracts 1 Million Barrels from Emergency Gasoline Stockpile to ‘Lower Prices’ Ahead of July 4th

South Carolina Sun Staff
Gas Station

The Biden administration is selling off a million barrels of gasoline from an emergency reserve in a deliberate effort to cut prices ahead of the upcoming holiday weekend.

The Department of Energy (DOE) announced that it has awarded contracts to five energy companies to purchase the barrels the administration is releasing from the Northeast Gasoline Supply Reserve (NGSR), which is part of the federal Strategic Petroleum Reserve (SPR) system. The NGSR releases are intended to “help lower gas prices ahead of the Fourth of July holiday,” according to DOE.

Read More

‘Incompetence’: Pentagon Doesn’t Know How Much Money It Sent to Chinese Entities for Risky Virus Research

South Carolina Sun Staff
Science Lab

The Department of Defense (DOD) does not know how much money it directly or indirectly sent to Chinese entities to conduct research on viruses with pandemic potential, according to a new report by the DOD’s Office of Inspector General (OIG).

The OIG’s report found that DOD has supplied Chinese entities — whether directly or indirectly via subgrants — with taxpayer cash to research pathogens and the enhancement thereof, but the exact figure is unknown because of “limitations” in the DOD’s internal tracking system. Government funding for such research in China has come under scrutiny since the coronavirus pandemic, which multiple government entities believe started when an engineered virus leaked from a Chinese laboratory that was hosting U.S. government-backed gain-of-function research.

Read More

Biden Administration is Mandating Heat Pump Water Heaters, but Contractors Report Big Problems

Just the News
Rheem Heat Pump Water Heater being installed by workmen

In April, the Biden administration finalized efficiency standards for residential water heaters, as part of a broader climate goal of electrifying the American household.

The Department of Energy estimates that, under the new rules, 50 percent of newly manufactured electric storage water heaters will utilize heat pump technology to be in compliance. The standards go into effect beginning in 2029.

Read More

Dozens of Energy Orgs Ask Congress to Kill Bill They Say Would ‘Inevitably’ Lead to Carbon Taxes

South Carolina Sun Staff
Utah Rep. John Curtis

Dozens of energy policy and advocacy groups signed a Monday letter to Congress to express their opposition to a bill they say could be the first step toward carbon taxes or tariffs.

The letter urges House lawmakers to vote against the PROVE IT Act, a bill that has not yet been introduced in the lower chamber but is expected to be soon. The PROVE IT Act — which has already been introduced in the Senate — would have the Department of Energy (DOE) study the carbon intensity of goods, including aluminum, steel, plastic and crude oil, produced in the U.S. and the carbon intensity of products from other countries, according to E&E News.

Read More

Commentary: Joe Biden’s Dangerous Natural Gas Game

RealClearWire
Joe Biden

If the devil is in the details, bureaucracy is hell on earth. Though terrain familiar to the Biden administration, Republicans must prepare to navigate it.

Witness the debacle over liquefied natural gas exports, wherein the White House, by “pausing” most new approvals, has catapulted the energy security of key U.S. allies straight into the buzzsaw of its climate ambitions. (The category of exports that will continue to be authorized is tiny.) The Department of Energy claims that a multifactor impact study due in early 2025 is required to determine whether and how the moratorium will be lifted.

Read More

Biden Environmental Agenda Under Fire for Increasing Costs for Americans

The Center Square
James Comer and Joe Biden

The Biden administration’s energy policies are increasingly costly for Americans, a newly released report says.

U.S. House Oversight Committee Chair Rep. James Comer, R-Ky., released the report, which argues Biden’s energy policies have increased costs for Americans and hurt the economy.

Read More