and America takes another one in the........
Posted on 07/23/2012 8:17:28 PM PDT by chessplayer
In an effort to make good on President Barack Obama’s commitment to “green energy,” the United States Air Force spent $639,000 on 11,000 gallons of alcohol-to-jet fuel from Gevo Inc., a Colorado biofuels company, at $59 a gallon.
The cost of petroleum is presently $3.60 a gallon.
Similarly, in preparation for last week's "Green Fleet Demonstration,” the U.S. Navy purchased $12 million in biofuels to prove that a carrier strike group could be run on biofuels for the day. It’s all part of the Obama Administration’s decision last year to direct the Navy, Agriculture department, and the Energy department to spend $510 million in taxpayer monies on alternative jet and marine fuels.
(Excerpt) Read more at breitbart.com ...
Why isn’t the US Govt hedged on fuel prices?
Money Laundering!
The ‘RATS are having a tough time raising money this year. There are going to be a lot of paybacks like this. Donating big bucks just to rub elbows with Barry and Mooch doesn’t cut it anymore. Barry’s donors now want something in return.
Our government is corrupt in every direction we turn. It needs to be overthrown. First step, remove Obama from office in November as the most immediate existential threat.
Then immediately hold the GOP to accountable to a standard never seen before. If they will not heed us, then we must form a third party without which appeasing, they cannot hope to win.
There is NOTHING in the constitution holding the two party system sacrosanct, or even parties generally in any kind of esteem. If this fails, then we have to decide ,,what next?
“80 percent of the Department of Energy’s $20.5 billion loan program went to companies owned by or connected to Mr. Obama’s campaign donors.”
It’s a bit like driving around trying to find the highest price before purchasing your gas.
STUPID
And to think that the Dems went berserk over Halliburton contracts. This is way beyond that. Totally fleecing the taxpayers for some earth-firster boondogle. No doubt the Obama crony will be expected to give generously to Obama 2012.
This would not have happened on Vice President Palin’s watch.
Who besides Obama are getting kickbacks on this deal.
Bookmark.
Graft and corruption. High Crime and misdemeanor . Impeach and convict!!!
I’m no fan of the obama administration. The corruption with which they have handled their alternative energy projects is just appalling.
However, the pentagon is up to something very different that you all should be aware of. What the Pentagon wants to do is kill their supply lines. They’re right now planning on taking their bases off the grid by supplying them with nuclear power. If you google darpa sewing machines, you’ll find articles on the darpa funding innovative work that will enable a base to create their own uniforms from scratch. If you google darpa trucks you’ll see articles that show the pentagon is trying to find ways to develop trucks on base from scratch.
I was at a house subcommittee meeting on energy a couple weeks back. Someone asked what the cost of delivered fuel was in Afghanistan. The answer was $300@ gallon.
Afghanistan is at the end of a very long supply line. If the military could figure out a way to grow their fuel on base in Afghanistan—then even $59@ gallon would not be such a shabby price.
But anyone familiar with entrepreneurial processes knows that prices fall pretty quickly as economies of scale and and optimization kick in.
You can agree or disagree—but that’s what the pentagon is up to. They want to kill their supply chain so they never get into the kind of supply pinch they have found themselves in Afghanistan again.
In any case McCain has already put the kabosh on the pentagon paying above market prices for biofuel. So its likely a moot point. I don’t think McCain was wise but that’s another matter.
and America takes another one in the........
That’s cheap compared to what the Navy is buying these days!
Navy Takes Biofuels Campaign Into Uncharted Waters
http://www.nationaldefensemagazine.org/archive/2011/January/Pages/NavyTakesBiofuelsIntoUnchartedWaters.aspx
Since 2006, the Defense Logistics Agency has procured more than 36 million gallons of ethanol-and-petroleum blends for the military. The Navy in September ordered an additional 150,000 gallons of algae-based fuel from San Francisco company Solazyme. The new agreement is seven times the size of the initial 20,000-gallon contract awarded last year. The Navy is paying big bucks for these fuels.
The service consumes an average of 1.2 billion gallons of petroleum each year at a cost of $3 billion — about $2.50 per gallon. The service paid Solazyme $8.5 million to provide just 20,000 gallons of algae-based fuel —
$425 per gallon.
At that rate, it would cost the Navy some $142.8 billion for the 8 million barrels of biofuel needed to meet its 2020 goal.
Camelina-based fuel is a bit cheaper but still more expensive than petroleum. In September 2009 the DLA’s defense energy support center paid Montana’s Sustainable Oils $2.7 million for 40,000 gallons of camelina-based fuel. That comes to about $67.50 per gallon.
Looks like the Pareto Principle is right once again.
I could see that logic could possibly work out; but just don’t believe this administration would be doing anything than paying off their donors.
Hard to believe that producing bio fuels locally would make our military more self reliant than bringing fuel in.
I could see the mini reactors however...
Anyone notice the brave stand made by several AF Generals and Navy Admirals who resigned to protest this egregious “Waste, Fraud, and Abuse?”
(I didn’t either.)
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