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To: Eva
"We have a glut of oil right now and not the refinery capacity to refine it."

And the Admin ic making the few refiniers spend time refining Bio Fuels!

"Meanwhile, the administration this week was also hit with new complaints about the Environmental Protection Agency's standards regarding a type of biofuel.

The American Petroleum Institute filed suit against the government in D.C. circuit court challenging a rule that requires refiners to incorporate a certain amount of cellulosic biofuels in their products or pay what amounts to a fine. The API claims the required biofuels "do not exist," making the requirement -- which stems from a law signed under the George W. Bush administration -- "unachievable."

http://www.foxnews.com/politics/2012/03/15/companies-claim-energy-department-sitting-on-loan-money-in-wake-solyndra/#ixzz1pDRnWmCo

25 posted on 03/15/2012 1:29:32 PM PDT by NoLibZone (Liberal concern for womens rights is fake. I submit their love of Bill Maher as proof.)
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To: NoLibZone

Part of the BP turn around is to comply with this mandate and prepare to produce those bio-fuels that would be added to the mix by other refiners.

BP will do anything to regain its status as the Obama favored oil company.


27 posted on 03/15/2012 1:36:01 PM PDT by Eva
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