Gotta mine that stuff offworld.
Posted on 01/10/2012 8:49:41 AM PST by epithermal
WASHINGTON — When the companies that supply motor fuel close the books on 2011, they will pay about $6.8 million in penalties to the Treasury because they failed to mix a special type of biofuel into their gasoline and diesel as required by law.
But there was none to be had. Outside a handful of laboratories and workshops, the ingredient, cellulosic biofuel, does not exist.
In 2012, the oil companies expect to pay even higher penalties for failing to blend in the fuel, which is made from wood chips or the inedible parts of plants like corncobs. Refiners were required to blend 6.6 million gallons into gasoline and diesel in 2011 and face a quota of 8.65 million gallons this year.
“It belies logic,” Charles T. Drevna, the president of the National Petrochemicals and Refiners Association, said of the 2011 quota. And raising the quota for 2012 when there is no production makes even less sense, he said.
(Excerpt) Read more at nytimes.com ...
Kinda like having to use unobtanium in your tank..........................
Herein lies the problem.
American patriots are looking for solidarity and leadership against this rebellious government
So here's a guy, "leader" of unknown (hundreds of ?) thousands, well, WELL financed ... and in the end, they will hire lawyers and pay the money.
No wonder America is tanking
unicorn farts and rainbows will power our green revolution.
algore told me so.
Does anybody wonder any more why the White House had an “Alice In Wonderland” party...?
Obviously, congress needs to make a law to force these companies to follow the law.
Strange the NYT would report this at all, but... Why now? The Wall Street Journal discussed this in depth about a month ago.
Strange the NYT would report this at all, but... Why now? The Wall Street Journal discussed this in depth about a month ago.
No, what they are doing is perfectly logical. It just seems insane because until you remember that their motives are evil. If you want to crush our economy and put more companies out of business, mandating fines for something they can’t possibly comply with is absolutely logical.
Make them prove you didn't.
This is just a disguised tax. A way to raise taxes without looking like you are raising taxes.
What belies logic about it? They want the money, they found a way to confiscate it, pretty cut and dry.
Gotta mine that stuff offworld.
That’s a good idea, Laz.
So, which of “Our” candidates has stated they will work to repeal this crap?
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Yea, that’s what I expected, too cowardly to state the obvious for fear of offending the “Green” fools, but still determined to claim they are the reformers we need!
Any law that is impossible to comply with is unenforceable.
Take the clowns to court and sue them for stupidity.
This is classic Ayn Rand.
The ethanol industry is targeting Texas governor and Republican presidential candidate Rick Perry in the run-up to the Iowa caucuses for arguing government should not subsidize ethanol production or mandate a market share for ethanol. Despite the attacks, Perry is holding firm in arguing government should not be picking winners and losers in the energy marketplace.
http://caucuses.desmoinesregister.com/2011/10/28/iowa-ethanol-group-losing-patience-with-rick-perry/
“Outside a handful of laboratories and workshops, the ingredient, cellulosic biofuel, does not exist. “
And what kind of damage will this garbage do to the equipment out there when it does become available?
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