EPA requires use of non-existent biofuel

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Welcome back and EPA's mandate forcing oil refineries to do the impossible or -- millions in fines the agency is pushing them.

To use.

Cellular -- -- ethanol you know what that is -- I know exactly what is the problem is this particular biofuel doesn't even exist yet maybe that's why you don't know about it still the EPA is refusing to back down from a costly requirement now the oil industry is answering with its own lawsuit.

Charlie.

-- now is the president the American fuel and petrol chemical manufacturers they represent over 98% of oil companies.

In the country hey Charlie we get the name of that thing right that biofuel.

That's like a loss that you got the name right that does still doesn't exist where there is named or not.

It's made from what won't waste product and stuff like that so in 2007 the EPA says -- let's start mix in this -- to into fuel.

Trouble is I guess you'd be happy to do what maybe you wouldn't be -- you would do what if it existed so how can you be find millions of dollars.

If it if you can't find the thing to -- then.

Run.

I'm Mike absolutely right and the I also just in and in Monica Crowley -- -- you know that they are being out of touch and out of control.

Well this is this is this is you know a perfect example of the agency any menstruation.

You know -- continuing their our war on fossil fuels.

By trying to make us -- something that doesn't exist they heaviest you know that that the the divert the law says we have to do it.

The administration EPA has the authority to look and see what's really what's real what's out there.

And and -- just.

It doesn't really and they have it doesn't little bit but it doesn't pass the common sense test in Carolina it a look at this here's some numbers here 500 million gallons this year.

Three billion into it 201516.

Billion in 20/20 they want.

With fines of upwards of millions of dollars for failing to put this -- added chemicals inside but of course -- technological restrictions it just not available.

But it's interesting coming from -- administration which is argued that ethanol subsidies in the like of ethanol doesn't work anyway.

So it seems like it's it's wrong on three different month.

It's.

-- this whole program.

Is based on myth.

And not reality this whole renewable fuels biofuels ethanol putting food in your in your gas tank.

Again it is just just it's it's sheer lunacy.

And it's anti consumer and we really have to have congress take a long hard look at this thing.

And say okay we if we pass this -- passed all these things in 2007.

And it done and at a different time let's take a snapshot of 2012.

And going forward let's say it was good for the American consumer and get rid of this crazy program.

Yeah I'm just real quickly Charlie we've got a little bit of different topic here since this you know I've been television a long time.

And as long as I've been in television we've been talking about we have to find all eternity of sources of energy.

You know so we aren't relying on these Arab countries so wind power and solar power stuff like that those are good things aren't they Charlie.

They are good that they can be competitive they are good that they serve the American consumer the way the consumer needs to be to.

You know I haven't energy brought -- -- but.

But Mike right now look that we have under our -- -- off our shores that call not tapping into it and look at look at you know the they look at the sanctions that this president has put on on Canada.

Forbidding the Keystone Pipeline to be are constructed and -- in -- good crude oil got to the refineries in the Gulf Coast.

Did you know we if we can do our -- Resources.

And we don't need to worry about open we can make OPEC and OPEC.

It was as if that's great -- -- this is -- and this is bureaucracy at its absolute worst Charlie drab no thanks so much he's the president the American fuel and Petro chemical.

Factors thanks for breaking this down for hopefully congress shall start paying attention this is or something about it through.

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EPA requires use of non-existent biofuel

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