Another Obama Green Effort Failure Cost Taxpayers $65 Million | Godfather Politics

Another Obama Green Effort Failure Cost Taxpayers $65 Million | Godfather Politics: The year was 2008 and a man who made himself out to be the savior of the nation promised to create at least five million green jobs and at the same time usher in a green way of life and economy. Americans would be benefitting from green cars, green energy and more green in their wallets.

In the past year, the death toll of federally funded green companies has been steadily increasing. Though Solyndra has stolen the media spotlight, other lesser publicized green companies that have received federal funding have been biting the economic bullet.

One of those lesser publicized green companies was Range Fuels. Located in southeastern Georgia, Range Fuels goals were to produce ethanol from wood. The ethanol would be used as an alternative fuel. I couldn’t help but wonder what made using trees to produce an energy source any more green than using any other natural resource? To be very profitable, you would think that they would need a substantial supply of timber, thus more forests would be cut down. Doesn’t that sound like good green technology to you?

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