Skip to comments.Navy buys biofuel for $16 a gallon
Posted on 12/11/2011 4:28:39 PM PST by Hojczyk
Teaming up with the Department of Agriculture (which has a cheery Rotary Club ring to it), the Navy has purchased 450,000 gallons of biofuel for about $16 a gallon, or about 4 times the price of its standard marine fuel, JP-5, which has been going for under $4 a gallon.
You wont be surprised to learn that a member of Obamas presidential transition team, T. J. Glauthier, is a strategic advisor at Solazyme, the California company that is selling a portion of the biofuel to the Navy. Glauthier worked shock, shock on the energy-sector portion of the 2009 stimulus bill.
The Navy sale isnt Solazymes first trip to the public trough, of course. The company got a $21.8 million grant from the 2009 stimulus package.
Solazymes partner in the biofuel sale is Dynamic Fuels, a Louisiana company owned jointly by Tyson Foods and Tulsa-based Syntroleum. Tyson and Syntroleum are distinguished by having profitable lines of business that do not rely on government grants to unprofitable green projects. This does not make their biofuel product price-competitive with fossil fuels, however. (They were induced to develop biofuel manufacturing processes by a combination of subsidies and tax breaks.)
The Dynamic Fuels plant was opened for business in Geismar, LA in 2010, becoming by far the largest biofuels plant in North America and reportedly, in combination with a plant in Finland, a producer of 94% of the worlds biofuels. This is great boosterism stuff, but the biofuels produced by Dynamic Fuels are still considerably more expensive than the fossil-fuel alternative. Dynamic Fuels has begun supplying aviation biofuel to KLM, the Dutch flag carrier, but of course, the use of more-expensive biofuels by commercial carriers has to be subsidized by governments.
(Excerpt) Read more at hotair.com ...
What a joke. And DFM is cheaper than JP-5. Green energy is going to kill us...
There is so much wrong with this, I barely know where to start...
Can you say “Teapot Dome?”
$16/gallon is right about where Obama wants our gas prices to be.
Of course they see nothing wrong in this.
If it’s politically infeasible to cut the military by 75% (as if 50% is not enough), well the next best thing is to make the dollars they do spend only go 25% of the way they do now.
They cut back on money for the USNA and then p-ss what they “save” on $16 fuel! I can’t wait for Obama and his scub to be thrown out of office!
If this is some of the fuel that has to be shipped precariously at a hundred times its from-the-refinery cost to a war zone, it makes it a lot easier to hide the initial expenditure as the difference in ultimate expenditure will be within 1%.
I bet the fuel they have to FLY IN to Afghanistan now is REALLY expensive (delivery cost, etc.).
What a shrewd use of taxpayer money./s
It’s much worse than the Teapot Dome...
Words fail me.
I’ll be looking for this story on all the networks and newspapers tonight when I go home...
Well good luck with that. Let me know when you find it.
I won’t wait up.
“Words fail me.”
I have one you can use. FUBO.
This sort of greed used to be anathema to Americans, and it still is to many. But we're nearing a tipping point, where the looters and the moochers will be in the majority. At that point it will be too late, and the Republic will be over.
R. James Woolsey previously was the Director of Central Intelligence and the Under-Secretary of the Navy, and pioneer in the clean energy sector; TJ Glauthier [you know] & Donald Kennedy, former head of the Food and Drug Administration [FDA] all on Solazyme's Strategic Advisory Board
But hey, Newt, Inc. hires out as a government expert/ paid adviser..and he's described across the media as on the take.
Your "whole world is an oyster" when the US Government welcomes you into the fold.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.