Wednesday, October 31, 2012

Obama smart - fines for not using unavailable products

You can't make this up. Obama in action. Remember how smart we were told he is? Always the smartest man in the room.

Obama's EPA is fining oil companies for not using cellulosic biofuel. But cellulosic biofuel is not being produced. So what might a rational administration do? OK. We have to wait until January, 2013 for that.

If Obama's EPA was so smart they would produce their fantasy cellulosic biofuels themselves. Note at the end of the quote below that the NYT says EPA is being lenient - by not fining them even more!

NY Times

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.

Penalizing the fuel suppliers demonstrates what happens when the federal government really, really wants something that technology is not ready to provide. In fact, while it may seem harsh that the Environmental Protection Agency is penalizing them for failing to do the impossible, the agency is being lenient by the standards of the law, the 2007 Energy Independence and Security Act. ...

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