The cellulosic ethanol industry produced zero gallons in 2011 and zero in 2012. But the EPA still required oil companies and refiners to buy 6.6 million gallons in 2011 and 8.7 million in 2012—and then to purchase millions of dollars of "waiver credits" for failing to comply with a mandate to buy a product that did not exist. This is the sort of thing that led to the Protestant Reformation.
Study: New E15 gas can ruin auto engines
The fuel industry's American Petroleum Institute tested the 15 percent ethanol gas approved in 2010 and found it gums up fuel systems, prompts "check engine" lights to come on, and messes with fuel gauge readings.
"Failure of these components could result in breakdowns that leave consumers stranded on busy roads and highways," said the industry report. Worse: API said the fuel problems--not found in E5 or E10 blends--aren't always covered by auto warranties.
As Walter Russell Mead points out in World's Largest Lobbies in Ethanol Deathmatch
Studies have shown that using corn for fuel is neither green nor cost-effective. Worse, it drives up global prices for corn, starving the world’s poor.
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In 2012, 40 percent of U.S. corn went towards producing biofuels. Compare that to 2006, when just 19 percent of corn was used for fuel. Keep in mind that we’re actually producing fewer bushels of corn now than we were back in 2006.
The auto industry is thriving, except for subsidized alternative fuel vehicles.
From sport utes to sports cars to soccer-mom vans, every industry segment is thriving—with the notable exception of the alternative-fuel vehicles into which Washington has sunk billions of taxpayer dollars.
The buck stops at the desk of EPA's Lisa Jackson, The Worst Head of the Worst Regulatory Agency Ever
'Incalculable waste' in U.S.-paid $100 billion Afghan fund
The unprecedented $100 billion program slated to rebuild war-torn Afghanistan has been ravaged by theft, cost overruns, bribes, unused facilities and "incalculable waste,"
According to Hillary Clinton’s long-delayed Benghazigate testimony, the State Department just did not have enough money to provide security for a mission in one of the most dangerous places in the world.
It did however have 16 million dollars to spend on 2,500 kindle book readers at the drastically inflated price of $6,600 per device.
It had $79,000 to spend on Obama’s books and $20,000 on a portrait of Obama. The US Embassy had $150,000 to spend on a book about the ambassador’s residence. There was $4.5 for art in embassies, but no money for Benghazi security.
But then, "What difference does it make?"
Posted by Jill Fallon at January 30, 2013 8:10 PM | Permalink