http://www.nytimes.com/2012/01/10/bu...20using&st=cse
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.
Never mind if its impossible, just do it or else! These magic unicorn fuels don't pay for themselves so the money to fund them has to come from some where. Let's make the practical fuel providers suffer for it.Penalizing the fuel suppliers demonstrates what happens when the federal government really, really wants something that technology is not ready to provide.
So you got that? They had to set an unrealistic quota so that they don't make too much, for fear of weak demand for a product who's only demand is justified by threat of enormous fines or jail time.By setting a quota, she added, “we avoid a situation where real cellulosic biofuel production exceeds the mandated volume,” which would weaken demand.
Undoubtedly this is pragmatic "reasoning" on the part of biofuel advocates who have been criticized for the fiasco that is ethanol screwing up the grain supplies.
Another Solyndra and millions of produced wealth squandered. As all such forcibly subsidized ventures wind up. But maybe the next billion subsidized dollars will really, really, seriously lead to the discovery of how to turn lead into gold.Yet other cellulosic fuel efforts have faltered. A year ago, after it was offered more than $150 million in government grants, Range Fuels closed a commercial factory in Soperton, Ga., where pine chips were to be turned into fuel alcohols, because it ran into technological problems.
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