Just yesterday I reported in a post that Chesapeake Energy would curtail natural gas production. It is doing that because not only are prices soft the country is running out of room to store the stuff. With a mild winter the country is a wash in cheap, clean, natural gas. So what is the focus of the EPA? Palm oil of course. The good news is palm oil flunks the EPA's test so it won't be mandating that we import this loser. Has the EPA never heard of natural gas?
EPA’s analysis of the two types of biofuel shows that biodiesel and renewable diesel produced from palm oil have estimated lifecycle greenhouse gas (GHG) emission reductions of 17% and 11% respectively for these biofuels compared to the statutory baseline petroleum-based diesel fuel used in the RFS program. This analysis indicates that both palm oil-based biofuels would fail to qualify as meeting the minimum 20% GHG performance threshold for renewable fuel under the RFS program.
Do we really need the EPA to tell us that we don't want use this buy this junk?
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