Scores of companies have received federal loans and grants from President Obama’s 2009 “stimulus” to manufacture an experimental fuel called cellulosic ethanol which has not yet been successfully produced in the U.S. and which may not even work.
The fuel, which is supposed to come from wood chips, was first pushed and funded by the Bush administration.
Despite the fact that no company has yet been able to produce the fuel, Congress previously passed a law imposing mandates on oil companies to mix the non-existent cellulosic fuel into gasoline.
Some companies have even been fined by the Environmental Protection Agency for failing to use the non-existent fuel.
A George-Soros financed company attempted to cash in on the government mandate that all oil companies utilize a certain percentage of cellulosic ethanol, which is said to be environmentally friendly.
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“Ludicrous wood chip fuel scheme”?
Yeah, it’s not a BIG long-term solution but in Woodland, California, there’s a small company that has been using wood chips to produce energy for decades.
Yea but the EPA is coming after them with a vengeance and will shut them down.
It is just another way of Obama and Soros to get money into their pockets for nefarious uses. Have to get rid of this crew in the White House and the Justice Department. How can any red blooded American even think about voting for Obama, now or again?
Beats me.