Wednesday, January 11, 2012
Only in Obamaland
Obama has been likened to the Manchurian Candidate who was programmed by a foreign government to inflict damage to the US from within the highest levels of government. When you see the damage Obama has wrought in a few years turning the greatest power in the world to a debt-ridden shadow of it's former self it is not hard to see the analogy to the fictional character. He definitely does not appear to be working in the interests of the United States and it's citizens
The latest Obama idiocy is fining oil companies millions of dollars because they are not using cellulosic ethanol in their blends ignoring the fact that the ethanol is not available commercially .
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.
The law, aimed at reducing the nation’s greenhouse gas emissions, its reliance on oil imported from hostile places and the export of dollars to pay for it, includes provisions to increase the efficiency of vehicles as well as incorporate renewable energy sources into gasoline and diesel.
It requires the use of three alternative fuels: car and truck fuel made from cellulose, diesel fuel made from biomass and fuel made from biological materials but with a 50 percent reduction in greenhouse gases. Only the cellulosic fuel is commercially unavailable. As for meeting the quotas in the other categories, the refiners will not close their books until February and are not sure what will happen.
The goal set by the law for vehicle fuel from cellulose was 250 million gallons for 2011 and 500 million gallons for 2012. (These are small numbers relative to the American fuel market; the E.P.A. estimates that gasoline sales in 2012 will amount to about 135 billion gallons, and highway diesel, about 51 billion gallons.)