The Wall Street Journal
was on this a month ago, but even the NY Times
has caught on to the utter stupidity of policies supporting cellulosic ethanol. In short,
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.
