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Wednesday, August 31, 2011

Money To Burn?: Department of Energy Dishes Out 1.5 Million to Goodyear and PPG

While the U.S. continues to rack up unprecedented debt, the Obama administration seems determined to continue on it's plan to Transform the economy.

The administration's latest 'investment' reminds me of when Obama said the best way to save gas is to keep your tires inflated, lets remember together...shall we?:

Well it seems the President wasn't kidding about the Tires. According to an article in TireBusiness.com, the Department of Energy (DOE) just gave $1.5 Million dollars in grants to Goodyear and PPG so that they can conduct studies in energy efficiency:

"The U.S. Department of Energy (DOE) has awarded $1.5 million grants to Cooper Tire & Rubber Co., Goodyear and PPG Industries Inc. to study, evaluate and develop technologies for improving the fuel economy of the nation’s vehicle fleet.

The grants, the first ever awarded by the DOE to companies in the tire industry, will fund vastly different projects, from Cooper’s challenge to cut passenger tire weight and improve fuel efficiency by 3 percent to Goodyear’s work on technology to keep truck tires properly inflated automatically, to PPG’s project to improve air pressure retention.

The grants were among 40 the DOE awarded recently as part of an initiative “to accelerate the development and deployment of advanced vehicle technologies,” according to Energy Secretary Steven Chu.

Awarded by the DOE’s Office of Vehicle Technology—whose mission is described as developing “more energy-efficient and environmentally friendly highway transportation technologies that enable America to use less petroleum”—the grants are worth more than $175 million."

Hmmm.... $1.5 Million from the DOE to make tires more energy efficient by making them lighter and keeping them inflated. How Green of the President to push that idea....again.

Funny... didn't a 'Green Company' that was touted by the President and who also received $535 Million dollars from the DOE just fail?

That reminds me about of a few old sayings...

One was about a person who continues to do the same thing over and over again while expecting a different result....

And the other was about a person and their money are soon parted....

Wasn't there something about a Fool in both of those....?



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