-By Warner Todd Huston
The Obama administration has announced its successful purchase of “green” biofules for the U.S. Navy at $15 per gallon. This success story is interesting for the fact that the Navy’s regular fuel cost is just under $4 per gallon. Additionally, one of the companies involved in the sale employs a prominent member of Obama’s 2008 transition team, one T.J Glauthier.
The company in question, Solazyme of California, has also been a happy beneficiary $21.8 million of Obama’s “stimulus” spending.
Read the rest at RightPundits.com.