Imagine if our government actually let us develop our own natural resources. Via Bloomberg:
Canada recorded its first merchandise trade surplus in eight months in September, led by energy exports and a drop in machinery imports.
The country ran a surplus of C$1.25 billion ($1.23 billion) in September, Statistics Canada said today in Ottawa.
While Canada was busily exporting oil and growing their economy, here in the United States our government has been busily growing a list of failed ‘green energy’ companies such as Solyndra and Beacon Power.
New York-based Ener1 received a $118.5 million grant to expand its manufacturing operations in Indianapolis, Ind., run by a subsidiary EnerDel, which received a visit from Vice President Joe Biden earlier this year.
But NASDAQ pulled the firm from trading Friday for failing to file its most recent quarterly report on time. Ener1 also let go of its chairman, Charles Gassenheimer, late last month.
Now DOE says it’s watching the company.
“The department is closely monitoring the status of the company,” DOE spokesman Damien LaVera said in an email Monday.
“So far $55 million of the grant has been paid out to EnerDel,” he added. “Any additional funds received from the government would need to be matched dollar for dollar with their own investment.”
Looking at this picture, do you think Biden has any clue about what the people at Ener1 are telling him.