Would you buy fuel priced four-times that of what you would normally pay? The US Navy would.
The U.S. Navy has agreed to buy 450,000 gallons of biofuel from a company called Solazyme at the astronomical cost of $15 a gallon.
…You don’t have to be reasonable, you don’t have to be rational, this is about pursuing the holy grail, the environment.”…”This is why we owe $15 trillion, because we’re doing all this environmental experimentation on the taxpayer’s dime.”
Granted, it’s not as bad as Solyndra, wasting only $7 million (compared to the half-billion the US taxpayer chipped in to the now-bankrupt Solyndra), but it is an unnecessary waste that we can thank the green movement for.
While in Australia we are protesting against the carbon tax, these sorts of thing in the US do highlight to dangers of the Coalition’s direct action policy.