Let me see if I understand this correctly: EPA says 8.7 million gallons of a certain kind of ethanol (that which is produced from “non-food” grains) should have been purchased last year, but only 21,000 gallons have ever been produced, so therefore 14 million gallons must be purchased this year?
This isn’t logic, it’s a racket designed to create fines. I wonder if Chief Justice Roberts would call this a tax, because setting impossible goals in order to collect fines sure looks like one.
Don’t forget the companies were also fined $6.8 million in penalties for not using the non-existent cellulosic ethanol.
Look for next years fines to be larger since they will miss the target by even more.