Crony creepy things happen, behind your back, inner trading with money out of your pocket, taxpayers money, that is. Why spend on crude oil, which is so available and cheap (compared to biofuels)? The Navy went bio-fueling. Applause...
"The departments of Agriculture and the Navy announced plans Monday to buy 450,000 gallons of non-food biofuels -- at a cost of $16 per gallon -- in what will be the largest federal purchase of biofuels in U.S. history.
The purchase is being authorized by an executive order under the Obama administration's "we can't wait" campaign.
Administration officials gave no indication why they're not going through Congress, instead using a program that was established to promote rapid job growth by bypassing congressional debate.
Two companies will participate in the program -- Louisiana-based Dynamic Fuels, a joint venture of Tyson foods and Syntroleum Corp, which makes biofuel from used cooking oil; and California based Solazyme, which makes fuel from algae."
Source: foxnews.com - Navy, Agriculture Departments to Purchase Biofuels For Fleets
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