Dianne Feinstein is a big fan of bio fuel for the military especially when her husband is selling it?
Thus, we learn from Wynton Hall at Big Peace that the United States Air Force spent $639,000 on 11,000 gallons of alcohol-to-jet fuel from Gevo Inc., a Colorado biofuels company, at $59 a gallon. The cost of petroleum is presently $3.60 a gallon, and one imagines that the government can use its purchasing power to get a considerably lower price than that.
So why pay $59 per gallon? It turns out that one of the venture capital funders behind Gevo Inc. is Vinod Khosla. Since 1996, opensecrets.org reports that Mr. Khosla has made $474,534 in campaign donations, 86 percent of which went to Democrats. As of this March, when Gevo filed with the SEC, Khosla’s firm owned a 27 percent stake in the company.
Similarly, the U.S. Navy has purchased millions in biofuels to demonstrate that a carrier strike group could be run on biofuels. The company that sold this fuel to the government reportedly is owned by the husband of Sen. Diane Feinstein.
Unfortunately, using clean energy policy to funnel money to big Democratic contributors is standard operating procedure under the Obama administration.
See Votes by State
News & Politics