6/22/2012

EPA requires oil refiners to use hypothetical fuel

Government tells companies to invent a particular nonexistent fuel and use it in production.  No notion of how much the fuel will cost to invent or even if it is possible to invent.  From Fox News:

. . . "As ludicrous as that sounds, it's fact," says Charles Drevna, who represents refiners. "If it weren't so frustrating and infuriating, it would be comical."
And Tom Pyle of the Institute of Energy Research says, "the cellulosic biofuel program is the embodiment of government gone wild."
Refiners are at their wit's end because the government set out requirements to blend cellulosic ethanol back in 2005, assuming that someone would make it. Seven years later, no one has.
"None, not one drop of cellulosic ethanol has been produced commercially. It's a phantom fuel," says Pyle. "It doesn't exist in the market place."
And Charles Drevna adds, "forcing us to use a product that doesn't exist, they might as well tell us to use unicorns."
And yet, they still have to pay what amounts to fines. . . .

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