Much has been made of the news that Wanxiang the leading
Chinese auto parts maker has bought Fisker the failed “plug in” auto company
that Al Gore and his partners at Kleiner Perkins invested in and pretended was
a green technology and the future of automotive technology.
The link below summarizes the recent purchase of Fisker by
Waxiang.
Waxiang now owns the old assembly plant in Delaware and we
will see if they assemble cars in the First State.
What is not reported is the previous business relationship
Waxiang had with Kleiner Perkins when Waxiang invested heavily more than two
years to become the largest shareholder in Great Point Energy a Kleiner Perkins
startup.
Great Point claimed to have coal to natural gas synthesis
technology. KP invested in them when
natural gas prices in the US were high and all the pundits except the Green
Machine thought the US would have a long term continued shortage of natural
gas. Nothing green about Great Point as it
produces one mole of CO2 for each mole of CH4 or in mass terms it produces 2.75
tons of CO2 for each ton of methane produced.
Uncle Al Gore and his partners at KP made money in selling a CO2
polluting technology to the Chinese.
The link below explains this pollution in the form of CO2
that China will inflict upon the world in converting their coal to methane.
Worse still the coal to methane technology needs copious
amounts of water that China simply does not have in the arid regions of the
country where these plants will be located.
Al Gore and his friends at Kleiner Perkins don’t really care about air
and water! They simple care about green
backs.
What is interesting is that Wanxiang and Kleiner Perkins had
a tight relationship that long predated the Fisker sale. The press made a big story of how two Chinese
companies fought over Fisker. I
published the story that the US DOE gave up their secured position in Fisker
for Bupkis.
I now think the whole
“auction” fight that entailed Wanxiang was a sham. KP and Wanxiang are “buddies”. KP wanted Wanxiang to win Fisker at the
lowest cost to help their buddy. They
all arranged the third party other Chinese company to buy out the Feds at
pennies on the dollar to rid the company of the DOE loans that were
secured. Wanxiang and the third party
Chinese company pretended to bid against the other in the bankruptcy auction
and we the tax payers were long forgotten.
Fisker is now firmly in the hands of Wanxiang who are KP’s partner in
Great Point and KP and Wanxiang will continue to be partners polluting the air
in China and diminishing the water supply in the arid regions of China.
A Great Point I am making is how naive if not stupid Dr. Moniz and his
DOE were when they were played like a cheap fiddle to bow out of our secured
position in Fisker. The other Great
Point I am making is that Kleiner Perkins missed out on the shale revolution
and invested in Luca the Polluter that is now shut, and Great Point is a
“technology” that only makes sense in
China where natural gas is in short supply and the country pollutes like there
is no tomorrow. The last Great Point
of this blog is that Al Gore is Gangrene from head to toe and is a Great Pointless
Hypocrite.
The other "Chinese bidder" was a Shell Company which doesn't even operate AT ANY LEVEL of business. Its part of the so called "Causeway Bay Syndicate" aka China Development Fund.
ReplyDeletehttp://www.economist.com/node/21525847
No doubt it was not Shell Oil. The whole story is fishy. Maybe shell fishy
ReplyDeleteNo doubt it was not Shell Oil. The whole story is fishy. Maybe shell fishy
ReplyDeleteHaha!!!. Shell as in Outside Skeleton - not as in Royal Dutch Oil Company.
DeleteShell Oil is smell oil and the shell company was to fake out Moniz to lose our monies
ReplyDelete
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