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Showing posts from 2012

In Defense of Trash

This week, in a rare show of bipartisanship, the U.S. Senate voted 62-37 to back military aviation biofuels. This means the "Green Hornet" will continue to fly despite objections from fossil fuel supporters.

The Department of Defense consumes 4.6 billion gallons of fuel per year making it the largest single
consumer of energy in America. With operations stretched all over the globe, the Air Force and Navy
consume about 85% of that total combined. Therefore the DoD has a strategic interest in fuel diversity
and security, especially in times of crisis.

The United States generates about 250 million tons of Municipal Solid Waste each year of which about
a third is recovered through recycling programs, etc. Another 13% is combusted for energy recovery,
leaving about 135 million tons going to landfills each year. There is sufficient organic material in that
MSW to generate well over 5 billion gallons of biobutanol (jet fuel) - more than required to meet the
military's needs. …

Big Oil's Stolen 35 Minutes

By Ronald H. Miller


A recent article entitled "Clean Green Scam" highlighted the case of Rodney Hailey whose company sold approximately $9 million worth of fraudulent biodiesel credits to the oil industry. Petroleum companies need those credits to show compliance with the national Renewable Fuels Standard. Mr. Hailey was convicted of 42 counts of fraud, money laundering and other charges and will likely spend several years as a guest of the federal government. Justice was served, right? Not so, stated the article. What about the innocent victims, in other words "Big Oil"?

The focus of the article was on "Washington's torrid 40-year love affair with the ethanol lobby".
The "victims" not only paid $9 million for bad biodiesel (not ethanol) credits but also were fined by
the EPA for not conducting proper due diligence to make sure the credits were legit. This cost Big Oil
another $40 million. In fact the article went on to say, "Refiners h…

IN DESPERATE TIMES FOLLOW THE MONEY

by Ronald H. Miller

Desperate times call for desperate action.  That is the situation facing Big Oil at the moment.  After spending billions and billions of dollars to extract increasingly expensive oil out of the ground, USEPA is about to hand another 5% market share to its cheaper competitor, ethanol.  Time to spend as much money as it takes to destroy the competition.
The Coordinating Research Council (CRC), an oil industry front, recently issued a scathing study noting that 15% ethanol blends (E-15) are far more damaging and constitute a safety problem as compared to E-10, or good old E-0 which hasn't been seen in years.  Never mind that NASCAR runs on E-15 and Indy Race Cars run on E-100.  Never mind that Brazil has been running successfully on E-25 for over 3 decades.  Never mind that USDOE, with significantly more test data on E-15, quickly debunked the CRC study noting their flawed science.  It's an embarrassment for an industry that historically has relied on solid scie…

Gas Price Relief -- Now

Ronald H. Miller, 2012 Prisma Advisors, LLC., www.prisma-advisors-llc.com


With gasoline prices soaring to $4 and $5 per gallon, it is good to know that relief is available now, but only if the President will act.  His "all of the above" strategy has merit.  New oil and gas production is not the answer, but it is part of the solution.  The Keystone Pipeline is not the answer, but it is part of the solution.  Wind and solar the same.  And biofuels - to date ethanol has made the only significant renewable contribution to energy security and a better economy.  We now enjoy nearly a million barrels a day of clean, renewable ethanol production at the expense of those who hate America..  What's more, the U.S. Navy is not required to escort this sustainable energy source to our gasoline stations.

Today ethanol costs $0.90 per gallon less than gasoline and it's not taxpayer subsidized like oil and gas.  That means an E10 blend is $0.09 per gallon cheaper than straight gasoli…