Pretty soon we may have to start calling General Electric (NYSE:GE), Government Electric, as they're increasingly dependent on government programs and influence to be successful, as evidenced by CEO Jeffrey Immelt's call for for making fossil fuels used by the majority of Americans to be made more expensive in order that products GE is working on will increase in demand.
This is only because General Electric has foolishly entered the so-called "green energy" sector, and consumers simply have no desire to pay the outrageous prices it calls for.
Immelt knows he and General Electric will get screwed if the high prices of the energy he espouses continue on, as they've committed huge resources to it.
Immelt incredibly said, "There has to be a price on carbon."
That's all Americans need is for an elite and wealthy man and company like General Electric to influence lawmakers to make energy we all use more expensive so he and GE can make a huge profit.
Maybe it's time to call Jack Welch back to GE so they can focus on making money and giving consumers what they want.
Americans have spoken, they want inexpensive energy, energy they can afford, and using the government to force us to have it is outrageous; not only because of the ongoing recession, but because a free market should dictate what type of energy we're going to use, not a CEO of a giant corporation with dollar signs in his eyes.
Thursday, January 13, 2011
GE (NYSE:GE) CEO Jeffrey Immelt Wants Energy to be More Expensive
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4 comments:
Fossil fuels directly fund terrorism.
I work for GE and I Service Jack Welch's and Ken Langone's appliances since they live in the same neighborhood. Men of that caliber are a dying breed. I think they taught their underlings a little too well. I have no doubt's that if we still had these guys at the heads of our corporate tables, our economy wouldn't be half as bad as it is today. I met Ross Perot over at Langone's also. He's a stellar man as well.
Your little blog is self-contradictory. You write:
"CEO Jeffrey Immelt's call for for making fossil fuels used by the majority of Americans to be made more expensive in order that products GE is working on will increase in demand."
Then you write:
"Immelt knows he and General Electric will get screwed if the high prices of the energy he espouses continue on, as they've committed huge resources to it."
You don't make sense. Will GE benefit from high energy costs, or won't they? You're not sure. You're just angry, and ignorant. Write something worth reading.
I think he is trying to say that without direct government intervention Immelt knows that the energy he is pushing people to use will result in huge losses for GE.
Not that huge prices of energy will result in losses to GE, but the cost of the energy that GE pushes is higher than that of other sources (IE coal, hydro, nuclear).
Meaning in a free market their would be no benefit to using green energy over "non" green energy, unless you feel CO2 is a green house gas and not an aid to photosynthesis.
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