Another boondoggle

The administration’s latest energy boondoggle is a $510 million cellulose biofuel program to produce fuel for the Department of Defense in the name of national security. US Air Force and Navy flight tests do show that a 50-50 blend of certain biofuels with conventional aviation gas does function well in military aircraft. “We buy too much fuel from volatile places. The price shocks and the supply shocks are simply unacceptable for a military organization to sustain,” Navy Sec. Ray Mabus told reporters. But as Minnesota Congressman Collin Peterson points out, producing this new fuel requires costly additional processing, making it unlikely to ever become an affordable alternative…

Oil & Gas Journal
10/3/11