Less than a week ago, the Environmental Protection Agency received a slap on the wrist from a federal appeals court that ruled that the EPA may not force oil companies to pay for an credits for failing to comply with a rule mandating that they incorporate a certain amount of cellulosic biofuels into their product. The EPA estimated that the industry would produce and make available for purchase 8.7 million gallons of cellulosic biofuels in 2012, but the industry only actually produced less than 21,000 gallons — and the court thankfully decided that the EPA could not inflict regulatory punishments based on their wildly enthusiastic and fanciful projections.
That was was last week; so how did EPA respond?
EPA raised how much cellulosic biofuel — those made from non-edible feedstock — it expected refiners to blend this year as part of the renewable fuel standard.
EPA set the mark at 14 million gallons of cellulosic biofuel, up from about 8.65 million gallons last year. …
Two times zero is still zero, last time I checked. I wonder what color the sky is in their world?
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