USN Switch To Biofuels @ 4 Times The Cost of Oil

[Richard]

What budget crisis?

Our tax dollars at work...

Navy’s Big Biofuel Bet: 450,000 Gallons at 4 Times the Price of Oil
Wired, 5 Dec 2011

The Navy just signed deals to buy 450,000 gallons of biofuels — arguably the biggest purchase of its kind in U.S. government history. The purchase is a significant step for Navy Secretary Ray Mabus’ plans to transform the service into an energy-efficient fleet. But at approximately $15 per gallon — nearly four times the price of traditional fuel — the new fuels won’t come cheap.

(Cont'd) http://www.wired.com/dangerroom/2011/12/navy-biofuels/

And so it effin' goes...

Richard

It's "energy efficient" because now the fleet can travel one fourth the distance at four times the cost.

On a different note, I wonder which of our esteemed leaders stock portfolios are on the rise after this money maker of a sale to the US Navy.

[sinjefe]

We are doomed.

[Ambush Master]

Originally Posted by Sarski

It's "energy efficient" because now the fleet can travel one fourth the distance at four times the cost.

On a different note, I wonder which of our esteemed leaders stock portfolios are on the rise after this money maker of a sale to the US Navy.

I'd place a wager on Al Gore!!!

[rdret1]

I was always under the impression that biofuels were meant to be CHEAPER alternatives to regular petroleum based fuels.

[mark46th]

Yes, more expensive. But it makes you feel sooooo much better....

[Badger52]

Originally Posted by rdret1

I was always under the impression that biofuels were meant to be CHEAPER alternatives to regular petroleum based fuels.

I don't think you missed anything sir, they were. Depends on which side of the subsidy you're on. Just ask the cornbelt if they'd like to hear someone declare ethanol didn't quite work out like "they" planned. Oops, I forgot that's the IA caucuses' third-rail.

[BOfH]

They have to buy because they don't have that of their own to recycle, their bacon grease is used elsewhere