Friday, June 17, 2016


Wednesday, June 15, 2016

Bloom Disaster – Enough is Enough

This Op Ed was written by Lacey Lafferty a GOP candidate for the 2016 election of Governor of Delaware
Bloom Energy promised Delaware to deliver affordable electricity and bring 900 new high tech jobs to our state.  Bloom Energy broke its promise.  Bloom fails every month to meet its obligations under the agreement with the state.   This is the worst deal ever in the state of Delaware and an environmental disaster.  As one Delaware Senator states, “We were sold a bad bill of goods.” 
Delaware rate payers and work place employers are punished month-by-month by excessive electric bills. Over 130 million dollars has wrongly been taken from Delawareans.  Much of it goes to the pockets of the richest 1% of the 1%.  They are the venture capitalist owners of Bloom Energy.  Delaware families and workers are the victims.  This has to end.  Our money, taken under false pretenses and by broken promises, must be returned to the people of Delaware. 
Bloom promised long–term efficiency, its “miles-per-gallon” was wrong and they knew it.
Bloom generates extremely hazardous chemical waste in our protected coastal zone.  They failed to honestly disclose it when negotiating with Delaware authorities and they knew it.
Bloom’s energy cost premium far exceeds costs stated when negotiating with Delaware authorities and they knew it.
Bloom’s promise of 900 jobs has never been kept; not for as much as one month.
Bloom negotiated in “my opinion” in bad faith.
Bloom misrepresented its product, its costs, its availability and reliability, its hazardous waste, and its benefits to the rate payers in Delaware.
Bloom Energy’s business in Delaware does not represent any new and exciting technology.  Its business is based on intentional deception, insider dealings and guaranteed revenues no different than the days of the “robber barons” of the timber, coal or railroad industries a hundred years ago.  It is always honest working families who make the few insiders rich.  It was wrong a hundred years ago and it’s still wrong today.
All of the above are more enough reason to find Bloom in breach of contract.  As your Governor I believe in all sources of reliable energy.  I will stand with Delaware families; stand up to the venture capitalists and their crony friends.  I promise to do everything I can by hiring the best attorneys to void Bloom’s 21 year contract at the cost of 700 million dollars, claw back the $130 million Bloom took from Delaware and return it to Delaware families.   Enough is enough of our government’s disastrous decisions and wasteful spending.

Warm regards and God Bless,
Lacey Lafferty

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Saturday, June 11, 2016

KIOR and the DOE

I now have the terms under which the DOE would have loaned KIOR money.  The DOE had read the Shaw Report and was aware that KIOR had little chance of succeeding in their Alchemy.  Therefore the DOE imposed strict requirements and would only loan KIOR a small fraction of the Billion Dollars KIOR wanted.

Of course these real terms were unacceptable to Khosla and KIOR and the company pretended they voluntarily dropped out of the loan application and they went on to raise money in their IPO that ended up being a disaster to investors.  KIOR also hyped the arrival of Con D Rice as a board member to support the IPO and the subsequent boondoggle that they were a “reality” to replace vast amounts of fossil fuels through use of their white mystery catalyst that converted pine trees to diesel.

The state of Mississippi still has their fraud suit against Khosla and the other folks who hyped the thermodynamic lie.  Shareholders have their lawsuits.  The SEC has their investigations.  And Obama has Khosla involved in building his Billion Dollar Presidential Library.

The lesson learned from the KIOR caper is that the Shaw Group did a good job pointing out that KIOR was likely to fail and the DOE prevented another Billion Dollars going down the drain to a contributor to the President and the Democrat Party.  Con D also learned a lesson that she looks like a fool and not quite Kosher for having insider traded shares in KIOR for a profit while she was a director on the company’s board and while she was an advisor to Khosla the man who has now been shown to be a thermodynamic idiot with his myriad failures at Cello, Range, KIOR, Gevo, LS 9, Calera, and others.

I learned that the staff at the DOE is willing to help a citizen get information under the Freedom of Information Act and that the DOE prevented another Solyndra from happening even though Vinod Khosla had the ear of President Obama.  The outcome of the lawsuits against Khosla et. al. is still unknown but Vinnie did learn that the second law of thermodynamics applies to him as well as that he cannot prevent surfers from reaching Martin’s Beach on the California coast.  Let’s hope President #45 helps science in America become great again and that thermodynamic imposters like Khosla never become energy gurus again.