Friday, February 1, 2013

The EPA on Biofuels – a study in fantasyland!

You have to give the EPA credit for one thing; they know how to pile on the BS. Yesterday, the Obama Administration issued new and higher standards for the fledgling biofuel industry that raises production quotas to over 14 million gallons! (This was up from an estimated quota of 8.7 million gallons in 2012).

But wait! There’s a problem here Mr. President. You see sir, the total amount produced in 2012 was actually close to zero – a lack of production due, in part, to the U.S. Court of Appeals for the District of Columbia which threw out the 2012 mandate for cellulosic biofuels, saying it was based on wishful thinking rather than accurate estimates for an industry the Obama administration wants to encourage.

Uh, someone needs to send both the President and the EPA a memo to go see a shrink ASAP!

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