The Volt won’t “pay the rent”

The word from GM (i.e. Government Motors) is that all the car models need to “pay the rent.” It can’t sell at a profit, it’s gone. Hell, even some of the models that sell at a profit are going.

The interesting exception, the Chevy Volt. Officials at GM admit that the Volt probably won’t be putting red ink on the books for the first couple of model years.

I’ve written about the Volt before. It has some interesting technology, but given Chevy’s financial situation, should it be making exceptions to the “pay the rent” rule?

Clean, safe Nuclear Power making a comeback

Some good news from USA Today, utilities are starting the process to build twentysix new Nuclear Power plants here in the United States.

A recent Gallup Poll shows a record 59% of Americans favor nuclear energy.

Dr. Pournelle nailed the truth of Nuclear Engergy:

I have to say it again: cheap energy will cause a boom. The only cheap energy I know of is nuclear. Three Hundred Billion bucks in nuclear power will do wonders for the economy. We build 100 1000 MegaWatt nuclear power plants — they will cost no more than 2 billion each and my guess is that the average cost will be closer to 1 billion each (that is the first one costs about 20 billion and the 100th costs about 800 million). The rest of the money goes to prizes and X projects to convert electricity into mobility.

Expanded Nuclear Power is the only practical way to supply the level of electrical power needed to support wide spread use of electric and plug in hybrid electric cars.

If you are really serious about reducing carbon emissions, you should a be a supporter of Nuclear Power.

Originally published at Urbin Technology.

Cap and Tax

Our Dear Leader‘s so-called “Cap and Trade” program is really a “Cap and Tax” program that is going to suck more money from the paychecks of every American.

This energy tax is going to hit the poorest the hardest, since they pay the largest percentage of their income on energy costs (electricity, heating and transportation).

White House sources have admitted that this will be an average increase of $1,800 per family!

President Obama’s energy tax plan — a version of the failed European “cap and trade” global warming fiasco — may cost families $1,800 yearly in higher utility bills, far exceeding his promised $800 a year tax cut for 95% of Americans.

While campaigning, Obama admitted that his energy plan would cause electric bills to “skyrocket.” President Obama’s energy tax plan — a version of the failed European “cap and trade” global warming fiasco — may cost families $1,800 yearly in higher utility bills, far exceeding his promised $800 a year tax cut for 95% of Americans.

While campaigning, Obama admitted that his energy plan would cause electric bills to “skyrocket.”

So when Candidate Obama said that Americans making less than $250,000 a year would not see any new taxes, he was lying! Get used to it folks. It’s a long way until January 20, 2013.

Also published at E-Ramblings