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Jet Fuel-Gate Is Obama's New Solyndra
Investors' Business Daily ^ | Posted 12/13/2011 06:58 PM ET | IBD Editorial

Posted on 12/14/2011 9:00:17 PM PST by PENANCE

Ecofanaticism: SolyndraGate was no isolated case of corrupt government misspending. The U.S. Navy was just forced to buy 450,000 gallons of biofuels from an Obama-connected firm at an outrageous $16 per gallon.

The massive Obama stimulus was supposed to generate millions of jobs, but the $535 million loan guarantee it gave to solar panel maker Solyndra on the eve of its Chapter 11 bankruptcy illustrated the fundamental incompetence of Obama's neo-Keynesian economic ideology.

Now we find the Navy partnering with the Agriculture Department to purchase hundreds of thousands of gallons of alternative biofuel in place of standard JP-5 fuel for Navy aircraft — the biggest federal purchase of biofuel ever.

...

A look at the lucky seller of this environmentalist version of the proverbial $600 Pentagon toilet seat indicates that the move is not just wasteful, but ethically suspect.

As J.E. Dyer noted over the weekend on the Hot Air Green Room, "a member of Obama's presidential transition team, T. J. Glauthier, is a 'strategic advisor' at Solazyme, the California company that is selling a portion of the biofuel to the Navy. Glauthier worked — shock, shock — on the energy-sector portion of the 2009 stimulus bill."

Solazyme had already gotten a nearly $22 million chunk of change out of the taxpayers thanks to the 2009 stimulus. We heard the ludicrous excuse last week from Obama Navy Secretary Ray Mabus, as quoted in the National Journal, that "we are doing this for one simple reason: It makes us better fighters" because "our use of fossil fuels is a very real threat to our national security and to the U.S. Navy ability to protect America and project power overseas."

(Excerpt) Read more at news.investors.com ...


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS: corruption; fuelgate; glauthier; jetfuel; moneylaundering; scandal; solazyme; solyndra; tjglauthier
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Solazyme!

Hmmm..., now where have I heard that name before?

1 posted on 12/14/2011 9:00:24 PM PST by PENANCE
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To: PENANCE

The initial purchase price of the fuel is a very small part of the delivered cost to places like Afghanistan. Still, I’d feel leery about an actual war zone being used as a test bed for alternate fuels. Let it first be used in drills at military bases, where a failure is unlikely to bring about dreadful numbers of casualties.


2 posted on 12/14/2011 9:05:24 PM PST by HiTech RedNeck (Sometimes progressives find their scripture in the penumbra of sacred bathroom stall writings (Tzar))
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To: PENANCE

“It makes us better fighters” because “our use of fossil fuels is a very real threat to our national security and to the U.S. Navy ability to protect America and project power overseas.”

China, Russia and Iran are laughing their asses off at us with such “Douche Bag” statements.


3 posted on 12/14/2011 9:06:54 PM PST by liberty or death
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To: PENANCE

Just ANOTHER reason to begin IMPEACHMENT proceedings against Chairman Obama for abuse of power, and incompetent management.


4 posted on 12/14/2011 9:07:33 PM PST by Graewoulf (( obama"care" violates the 1890 Sherman Anti-Trust Law, AND is illegal by the U.S. Constitution.))
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To: liberty or death

Hangings too good for these bastards....


5 posted on 12/14/2011 9:11:47 PM PST by freebilly
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To: PENANCE

This has gone way beyond a simple response like “Well, they all do it.”

This is just theft, pure and simple.

Do we really need to wait til 11/12 to put an end to this crap? Why can’t we stop it NOW?

Any bets on Solazyme announcing bankruptcy? I’ll pick March 23 for $5.


6 posted on 12/14/2011 9:14:05 PM PST by Rembrandt (.. AND the donkey you rode in on.)
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To: freebilly

Even worse is the failure to destroy the captured drone. Seriously, there are scores of cretins from the Clinton and Obama years who should be tried for treason, including and especially the loathesome Presidents themselves. Bob


7 posted on 12/14/2011 9:17:40 PM PST by alstewartfan ("And your oarsman stands with his knife in hand, and his eyes spell 'Mutiny'" Al Stewart)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks PENANCE.


8 posted on 12/14/2011 9:19:56 PM PST by SunkenCiv (Merry Christmas, Happy New Year! May 2013 be even Happier!)
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To: liberty or death

Wonder how much of a financial interest the Secretary of the Navy has in this company.

We taxpayers are undergoing what must be the worst heist by our “public servants” in our entire history and meanwhile the rats want more taxes, and more taxes so there is more to steal.

What this administration has done to our country in three years is mind-boggling. They are relentless and shameless.


9 posted on 12/14/2011 9:27:53 PM PST by Aria ( "If we ever forget that we're one nation under God, then we will be a nation gone under.")
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To: freebilly

Hangings too good for these bastards....


And the Media deserve even worse.


10 posted on 12/14/2011 9:29:52 PM PST by unkus (Silence Is Consent)
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To: unkus

Amen!!!!


11 posted on 12/14/2011 9:31:14 PM PST by RushIsMyTeddyBear (A MUST WATCH: http://www.youtube.com/watch?feature=player_embedded&v=KeOLurcQaqI)
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To: PENANCE

bump for later


12 posted on 12/14/2011 9:31:51 PM PST by goodnesswins (Call your Congress Critters...HB1996...end the environ. atty's raping of the system)
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To: HiTech RedNeck

This is another attack from the islamic communist puppet and his communist regime. They probably know that the fake fuel is much inferior and will not work as long or as well, making our military services much weaker and our people easier to kill and our machines will clog or break.

When that happens, prepare for the islamic communist puppet’s Private Terrorist Force to start killing or rounding up Americans in FEMA camps for containment or elimination. ELIMINATION.


13 posted on 12/14/2011 9:55:59 PM PST by lephantom
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To: PENANCE



14 posted on 12/14/2011 9:59:17 PM PST by quantim (Victory is not relative, it is absolute.)
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To: Aria
We taxpayers are undergoing what must be the worst heist by our “public servants” in our entire history and meanwhile the rats want more taxes, and more taxes so there is more to steal.

The Looting of America started with the first bailout, and has expanded significantly under Obama's Administration, along with gunrunning to the Cartels, money laundering, and who knows what else? We used to joke about Government being a 'criminal enterprise', but now, Al Capone would be laughing his butt off.

15 posted on 12/14/2011 10:05:13 PM PST by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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To: sneakers
CHECK IT OUT! Jim had this WAY before anyone else!

I was going to mention it on the thread yesterday but I was tired, climbed into bed...fell asleep...sigh.

Missed half the show as well as HC's show. Going to podcast overnight at work if I'm not too busy.

16 posted on 12/14/2011 10:06:01 PM PST by prisoner6 (Right Wing Nuts bolt The Constitution together as the loose screws of the Left fall out!)
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To: Smokin' Joe

One of the reasons that this stuff doesn’t get publicized much has a fairly innocent explanation - we have “scandal fatigue”, much like a previous president caused “bimbo fatigue”.


17 posted on 12/14/2011 11:42:46 PM PST by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: The Antiyuppie

Perp-Walk BUMP!


18 posted on 12/14/2011 11:47:53 PM PST by Publius6961 (My world was lovely, until it was taken over by parasites.)
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To: PENANCE

Government subsidizing of biofuels is authorized theft of taxpayer dollars. The USDA is neck deep in promoting this agenda.


19 posted on 12/15/2011 12:00:59 AM PST by rusty millet
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To: All

I suppose we won’t have enough votes for impeachment until after at least 2012 and Obama has hopefully already been put on unemployment?


20 posted on 12/15/2011 12:27:33 AM PST by Retief
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