" magic bullet and the taxpayers subsidize it at 51 cents per gallon."
Good catch calcowgirl! When the worlds investors come out in droves with biodiesel(which is cheaper, and doesn't decrease gas milage, that 51 cent subsidy will go by the wayside, and these jerks will be holden their groin : )
Nah... by then, they will have made their millions, taken the company public, and divested their stock holdings. The shareholders will be held holding the bag--or their mutual fund.
Vinod Khosla and this bunch or 21st century robber barons are the same ones using the initiative process to push new taxes and wealth redistribution on businesses and citizens. I'm for letting the market work--these scum are for having government aid and abet their quest for (even greater) wealth.
Just to paint more of the picture...
http://www.contracostatimes.com/mld/cctimes/news/politics/15485858.htm
Among the most contested environmental bills on [the Governor's] desk:
... • Assembly Bill 1012 by Assemblyman Joe Nation, D-San Rafael. Requires half of all new cars sold in the state to run on alternative fuels by 2020.