red states rule
05-04-2013, 06:29 AM
No mater what, the let's "green" projects must continue. No matter how much taxpayer money is wasted or how much it adds to the debt
The Obama administration has rarely passed up an opportunity to continue their relentless subsidization of the biofuels industry — the EPA has lately been particularly defensive about their requirement that fuel producers mix part of their product with certain non-existent cellulosic biofuels (http://hotair.com/archives/2013/01/31/the-epa-once-again-raises-its-biofuels-standards-for-biofuels-that-still-do-not-exist/), to several lawmakers’ chagrin (http://hotair.com/archives/2013/04/10/bipartisan-lawmakers-time-to-scrap-some-of-this-ethanol-mandate-ridiculousness-no/) — and the Obama administration even has the Pentagon ‘doing their part’ to create an artificially inflated market for their politically preferred brand of biofuels (they get to both cater to their cronyish interests, and get some spectacular “green” PR, all at the same time!). The U.S. military has been working on their “great green fleet (http://hotair.com/archives/2012/07/03/the-navys-great-green-fleet-sets-sail/comment-page-1/)” plans for awhile now (http://hotair.com/archives/2012/11/30/senate-votes-to-save-the-navys-plans-for-pushing-biofuels/), and despite the fact that their anointed choice of biofuels is at least several times more expensive than their traditional fuels, they apparently don’t have any plans to scrap the initiative. Sequester? What sequester? H/t Joel Gehrke (http://washingtonexaminer.com/pentagon-pays-59-a-gallon-for-green-jet-fuel/article/2528692):
“In March, Gevo entered into a contract with the Defense Logistics Agency to supply the U.S. Army with 3,650 gallons of renewable jet fuel to be delivered by the second quarter of 2013,” Gevo announced (http://www.nasdaq.com/article/gevo-reports-first-quarter-2013-financial-results-20130430-01506#ixzz2S9cul13C) this week in its first quarter financial report. “This initial order may be increased by 12,500 gallons. All shipments will be at a fixed price of $59 per gallon during the initial testing phase. These shipments are in addition to the renewable jet fuel supplied to the U.S. Air Force (USAF) and the U.S. Navy (USN).”
And what’s the going rate for most of the standard jet fuel, you might ask? That would be less than four dollars a gallon (http://www.energy.dla.mil/DLA_finance_energy/Documents/FY%202013%20Standard%20Prices%20%28Effective%20Oct %201,%202012%29.pdf). …So, the Pentagon was ‘forced’ to ground the Blue Angels (http://www.latimes.com/local/lanow/la-me-ln-blue-angels-20130409,0,7687261.story) because of sequestration, but we can somehow afford political stunts like this?
http://hotair.com/archives/2013/05/03/not-to-worry-dod-still-buying-59gallon-green-jet-fuel-despite-sequester/
The Obama administration has rarely passed up an opportunity to continue their relentless subsidization of the biofuels industry — the EPA has lately been particularly defensive about their requirement that fuel producers mix part of their product with certain non-existent cellulosic biofuels (http://hotair.com/archives/2013/01/31/the-epa-once-again-raises-its-biofuels-standards-for-biofuels-that-still-do-not-exist/), to several lawmakers’ chagrin (http://hotair.com/archives/2013/04/10/bipartisan-lawmakers-time-to-scrap-some-of-this-ethanol-mandate-ridiculousness-no/) — and the Obama administration even has the Pentagon ‘doing their part’ to create an artificially inflated market for their politically preferred brand of biofuels (they get to both cater to their cronyish interests, and get some spectacular “green” PR, all at the same time!). The U.S. military has been working on their “great green fleet (http://hotair.com/archives/2012/07/03/the-navys-great-green-fleet-sets-sail/comment-page-1/)” plans for awhile now (http://hotair.com/archives/2012/11/30/senate-votes-to-save-the-navys-plans-for-pushing-biofuels/), and despite the fact that their anointed choice of biofuels is at least several times more expensive than their traditional fuels, they apparently don’t have any plans to scrap the initiative. Sequester? What sequester? H/t Joel Gehrke (http://washingtonexaminer.com/pentagon-pays-59-a-gallon-for-green-jet-fuel/article/2528692):
“In March, Gevo entered into a contract with the Defense Logistics Agency to supply the U.S. Army with 3,650 gallons of renewable jet fuel to be delivered by the second quarter of 2013,” Gevo announced (http://www.nasdaq.com/article/gevo-reports-first-quarter-2013-financial-results-20130430-01506#ixzz2S9cul13C) this week in its first quarter financial report. “This initial order may be increased by 12,500 gallons. All shipments will be at a fixed price of $59 per gallon during the initial testing phase. These shipments are in addition to the renewable jet fuel supplied to the U.S. Air Force (USAF) and the U.S. Navy (USN).”
And what’s the going rate for most of the standard jet fuel, you might ask? That would be less than four dollars a gallon (http://www.energy.dla.mil/DLA_finance_energy/Documents/FY%202013%20Standard%20Prices%20%28Effective%20Oct %201,%202012%29.pdf). …So, the Pentagon was ‘forced’ to ground the Blue Angels (http://www.latimes.com/local/lanow/la-me-ln-blue-angels-20130409,0,7687261.story) because of sequestration, but we can somehow afford political stunts like this?
http://hotair.com/archives/2013/05/03/not-to-worry-dod-still-buying-59gallon-green-jet-fuel-despite-sequester/