New Mexico Watchdog reported earlier this week via Politico that former Governor Richardson will “lead an energy forum” at the Democratic National Party’s convention sponsored by Politico.
By almost any measure it is an amazing invitation. Despite a horrendous investment record in New Mexico where virtually every solar venture Richardson plowed public funds into stiffed creditors and filed for bankruptcy protection, apparently the Democrats still want Richardson to deliver a lecture on the subject of energy investing.
Not surprisingly, Richardson’s results are not dissimilar to those of the Obama Department of Energy. The highest profile failure to date by the administration is the more than a half a billion dollars it threw at Solyndra, only to see that company go straight into bankruptcy. Energy industry observers are astonished that Democrats continue to be insistent about trying to pound square taxpayer funded "investment" pegs into round economic reality holes. Here is a partial list of other recent solar bankruptcies besides Schott Solar, Advent Solar, and Solyndra: Evergreen Solar, SpectraWatt, Stirling Energy Systems, Photowatt, Solon, Energy Conversion Devices, Scheuten Solar, Odersun, Q-Cells, and Solar Trust of America.
The NM Watchdog is waiting to hear from Politico on why considering Richardson’s dismal track record, he was selected to lead the forum. And curiously, nobody at the DNC has plans to host a forum to see what could be done to build the Keystone XL pipeline or encourage Exxon Mobil, Chevron, and Conoco Phillips to grow their businesses so they can increase income taxes paid to the government above the current $37 billion per year.