Obama gives Portland energy investor a convention speech spot
A Portland venture capitalist who specializes in green energy investments has been given a coveted primetime speaking slot at next week’s Democratic National Convention.Nancy Floyd, 53, says she’s not all that politically active but got a call a few days ago from Sen. Barack Obama’s campaign inviting her to address the convention Tuesday night.
Of course it helps that she’s a female and in an approved business.
But isn’t she trying to get rich? In fact, she may already be rich. Aren’t we supposed to be against those who have “won life’s lottery”?
She might not be politically active but might want to keep it in mind in order to make the list when the tax breaks and subsidies are being handed out
Floyd is the founder and managing director of Nth Power, a venture capital firm that puts money into wind power, solar energy and biofuel company startups. The firm, with $420 million under its management, is based in San Francisco, but Floyd works mainly out of her home in Portland’s West Hills. She commutes to California weekly
What are the profit margins? We know that a profit margin of 9-10% is unconscionable because that’s what the oil companies are getting.
Commutes to California weekly? Does that mean she’s only a weekend Oregonian?
And how much CO2 does she generate weekly with this commuting? Is this the “green lifestyle” that us in the lower orders are supposed to emulate?
Energy has become a flashpoint in the presidential race. Republican candidate Sen. John McCain has come out strongly in favor of new offshore oil drilling as a way to boost U.S. supplies. Obama favors using existing oil leases and more efforts on conservation and renewables.
Sahar Wali, spokeswoman for the Obama campaign, said Floyd was chosen to speak because of her 30 years experience in the renewable energy industry.
“Floyd is an entrepreneur who will speak to this issue critical to our national security,” Wali said. Diversifying energy sources is key to Obama’s plan “to break our dependence on foreign oil and provide relief to American families struggling to deal with the energy crisis.”
Yeah, the Republicans want to exploit our own resources while trying to develop new ones. Democrats want to depend on either on technologies that are not practical for large scale development, or on a previously unknown technology that’s going to magically appear out of nowhere.
Wind and solar have not shown the promise of delivering enough energy on a sustained basis to replace the coal powered generating plants we have now. How are they going to supply enough for the future?
That doesn’t even address the transportation issue. If we’re not going to use gasoline, what are we going to use? Neither electric or Hydrogen powered cars will be practical without huge increases in our electrical generating capacity and there is nothing is going to appear out of nowhere to supply that electricity.
So how long will it be before I can fill up my pickup with wind and solar energy? We know from the rhetoric over the past 5 years that it cannot take longer than 4 years, the length of WWII, without being judged a failure.
And how long before the ‘renewables’ are able to turn a profit without the tax breaks and subsidies? Isn’t that what the Democrats like to refer to as “Corporate Welfare”?