Another foreign policy coup for the crack diplomatic team we have here in the U.S. Way to go ‘Bama, Kerry, Clinton. We are so glad to have you on our side. It would be funny were it not sad, pathetic and inept.
…. Before anyone suggests that all Russia is focusing on is China at any and all costs, consider that as we have been saying since 2012, perhaps just as important to Russia and China strategically is Iran which has already lashed out against the Petrodollar on numerous occasions in the past, not only for its vast oil reserves, but for its even more strategic location in the heart of the Persian Gulf.
To be sure, the Eurasian crescent of Russia and China would be made all that much stronger if the two nations had a toehold on the Straits of Hormuz, and were able to shut traffic – either tanker or military, with the US Fifth Fleet located in Bahrain – into the Gulf at their bidding. Which is why it was not surprising that not even 24 hours after Russia and China announced the “holy grail” energy deal, that RIA reported Russia is already preparing to lock in the Tehran regime with a deal to build not one but 8 ! more nuclear power plants in the country… go here
GE Comment: It is high time that this asinine program be demolished. Like AGW and the carbon scare, the greens and sheeple were duped by corporate ag into believing that pouring topsoil, RoundUp and tractor fuels into the gas tanks on their Honda Accords would ‘save’ the planet. Facts are, indeed, stubborn things.
Ethanol producers are panicking amid speculation that the ethanol mandate could be drastically reduced or scrapped entirely this year as the biofuel loses its allure and bipartisan allies and former friends team up against it.
December saw California Democrat Dianne Feinstein—a renewable fuel champion–coordinate efforts with Oklahoma Republican Tom Coburn to come up with a Senate bill to get rid of ethanol from the Renewable Fuel Standard (RFS), citing fears that corn-based fuel production mandates will harm livestock producers.
In November, Washington proposed cutting the biofuels mandate for 2014 by 16% to 15.21 billion gallons. This would be the first cut in biofuels requirements, which were ideally set to grow each year with incremental increases in renewable fuel targets laid out in a 2007 law.
For renewable fuel targets, this represents a major setback because not only is 15.21 billion gallons for 2014 much less than the originally intended 18.15 billion gallons, it is also less than this year’s mandate of 16.55 billion gallons.
Two years ago the Environmental Protection Agency (EPA) approved the E15 blend, which contains 15% ethanol and 85% gasoline, for vehicles manufactured in 2001 or later. There has been little progress towards widespread use of E15 though, and today’s blend is commonly E10. Continue reading →
…Historically, government has frowned upon hoarding. In an economic collapse or disaster, that frown turns into a scowl in a flash. Anti-hoarding laws are passed or miscreants are arrested under frivolous laws like transporting gasoline in unapproved containers. Again, government criminalizes hoarders not merely in order to assert its control, but also to deflect blame from the policies and inefficiencies actually responsible for empty shelves. By stirring up public resentment toward those who own one more can of peas than their neighbors, politicians avoid the full and just brunt of the anger…