Posted 10 October 2018 - 03:35 PM
I pulled back about a hundred million dollars in cash from the government surrounding biofuels legislation that they ###### up. It was called Splash and Dash if you really want to look it up. We would literally get checks from the government. All we had to do was park a boatload of the nastiest farking bio sludge from Singapore or anywhere else and put like an ounce of diesel into a supertanker filled with corn , soy or rapeseed or any other so-called bio product? And magically the entire 10 million gallon boat became biofuel. And we got a dollar per gallon credit.
The government meant to draft legislation to encourage the manufacturer and consumption of domestic biofuels in America. But they ###### up the legislation for years. Honest to God, the estimates of how much money are government gave back to oil companies and Traders were off the charts.
In the time it took took some poor dude to pour a pitcher of diesel fuel into a vlcc of soybean oil, I could fill out the one-page form and two weeks later get a check for millions of dollars.
Brazil does it right. They use sugar for their bio source not corn. Chemically it's a hell of a lot more productive. And the government doesn't have to bribe people to make, sell, or consume the crap.
In the states? The government subsidizes the production and the sale and the consumption about fuels. And they still can't get that shiit to sell.
Not with Permian Shale crude going for about a nickel a gallon.
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