Wednesday, September 02, 2009

More State Money Into the Rathole of "Biofuels"?

I think the phrase is "Stuck on Stupid."

Rep. Scott Suder, R-Abbotsford is trying to ram through more "biofuel" spending, funded by State taxpayers.

It's because he's smarter than everyone else, I guess:

“I don’t buy the argument that because this might fail we should not look into it,” he said. “Everything in this country is dependent on this economy, but we’re seeing increasing demand for green energy and a growing demand for hybrid vehicles.

I think investing in biofuels is a risk worth taking instead of simply buying it from other states.”

If he thinks 'it's a risk worth taking,' then he should play with his OWN money.

Suder ignores reality--not uncommon in Madistan.

More state money will do little to fix a biofuels market littered with stalled plans and shuttered windows, according to a former biodiesel company president who gave up on the industry.

“The folks that invested in our company took a big hit,” said Mike Robinson, who, as president of Sun Prairie-based North Prairie Productions LLC, killed plans for an estimated $46 million biodiesel plant in Evansville last year. “A lot of people would be reluctant to invest again, and a lot of people are kind of reluctant right now anyway.”

Resistance to biodiesel is based on the fact that diesel-engine manufacturers will NOT cover warranties on engines run with 'alternative fuels.'

Suder is not the only stupidified leggie.

“Renewable fuels are not going away,” said state Sen. Pat Kreitlow, D-Chippewa Falls, the co-chairman of the legislative committee with Suder. “The Legislature would do well to be a champion of homegrown fuels.”

What the State really needs is to piss away another $umpty-million dollars in "risks" while the Zoo Interchange is in virtual collapse and businesses are moving out as fast as they can.

Just brilliant.


Anonymous said...

I attended a North Prairie Production investor meeting a couple of years ago (for business not investor reasons). It was a nice presentation but I had only one question, "You won't have a crush plant for years and you are relying on other crush plants from out west to supply you with soy oil. What's going to happen once soy oil costs soar due to increased demand/speculation etc.?"

Guess we know the answer now don't we? Turns out that even government subsidies couldn't make this industry profitable.

J. Strupp said...

My name is coming up anonymous for some reason Dadster......

J. Strupp said...