The Energy Department is celebrating the Obama administration doubling down on the atrocious biofuel scam. The U.S. Department of Agriculture (USDA), Navy and Department of Energy are sinking $30 million into biofuels as matching funds to private investments. The Department of Energy is going to sink and additional $32 million in new investments for breakthroughs. Obama's 2013 budget calls for an additional $110 million.
Does anyone remember last year when even Al Gore admitted biofuel was a mistake? One sixth of the corn produced went into ethanol. This was enough corn to feed 350 million people for a year. Instead it was burned. That causes food prices to rise.
But this is supposed to make fuel prices come down. Does it?
The Navy's "Great Green Fleet" is using biofuel. What does it cost? $26 a gallon. Traditional fuel is $3.60 a gallon. Even more insane is that this will stay a small experiment because there is not enough raw bio-material available to implement this idea on a large scale.
Even the algae solution is out of the question. It was tried in 2009 and cost $424 a gallon.
Is Obama's plan to make energy prices go up no matter what?