Wednesday, June 29, 2011

Fuel Doesn't Exist. No Matter. EPA Mandates It!

You can't make this up, folks.

We recently posted about the EPA’s decision to reduce the cellulosic ethanol blending requirement from 500 million gallons in 2012 to somewhere between 3.45-12.9 million gallons, which is 0.69- 2.5 percent of the original “mandate.”

. . .No companies have to this date been able to produce cellulosic ethanol that qualifies by EPA’s definition. Yet, presumably to save face, the EPA has not lowered the cellulosic ethanol “mandate” to zero gallons.

Nope. Here's why: when companies fail to use the non-existent cellulosic fuel, they pay a large fine to EPA.

There can be no better example of the Unicorns & PixieDust mentality prevalent at all levels of Government, and few better reasons to simply dismantle EPA. By nuclear device, if necessary.

HT: RenMan

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