Sunday, March 18, 2012

Is The U.S. Navy's Biofuels Program A Boondoggle?

Last month, the U.S. Navy deployed the Paul F. Foster - a decommissioned destroyer now used for experimental purposes - on a 17-hour voyage powered by Solazyme Inc.'s algae-derived biofuel. Photo: U.S. Navy

McCain Sees Another Solyndra In Navy Biofuels Spending -- The Hill

The Navy’s push to develop biofuels to run its fleet of planes and warships could devolve into a “Solyndra situation” for the Pentagon, a top Republican senator said today.

During Tuesday’s hearing of the Senate Armed Services Committee, ranking member John McCain (R-Ariz.) compared the now-bankrupt solar energy company, into which the White House sank $535 million in loan guarantees, to Navy-led efforts in alternative energy.

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My Comment: What caught my eye was the following ....

.... But Sen. James Inhofe (R-Okla.) pointed out that even at a competitive price, the Navy’s plan to use a “50/50 blend” of diesel fuel and a biofuel supplement would still cost $15 per gallon. Traditional JP-5 jet fuel used in the Navy’s fighter aircraft runs $4 to $5 per gallon on average, Inhofe said.

$15 per gallon !!!!! .... you've got to be kidding me. And what is even worse is that these are just projections .... projections from a government agency that has a lousy record in projecting anything.

Bottom line .... it is too expensive and if implemented will help in busting the defense department's budget. My suggestion .... go back to the drawing board and find an alternative plan that is more practical and economically feasible.

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