The "green economy" fades to black

Remember all the rage about "biofuels" being the answer to the energy crisis?

Remember all those millions of "green jobs" the President-elect is promising to create?  

Well, on the local level, we are moving in the opposite direction. A plant built to process biodiesel is shutting down in the wake of the failure of its corporate parent.

http://www.nhregister.com/articles/2008/11/29/news/a2-chbiofuels26.txt

The court-appointed receiver overseeing the liquidation of assets of a now-defunct Waterbury heating oil company said he will ask a Hartford Superior Court judge next week to allow the abandonment of a biofuels plant the firm was developing in Cheshire.

Carlton Helming said he will make the request of state Superior Court Judge Grant Miller because the plant “is not economically viable to maintain.”

Watch billions of taxpayer dollars be wasted in the next few years building white elephants like this all over the nation. We are just going to reprise the massive ethanol folly (now acknowleged by CBS news) http://www.cbsnews.com/stories/2008/11/24/tech/main4629581.shtml?source=RSSattr=SciTech_4629581 all over again

<!-- sphereit start -->In  future years we may look back at the Great Mexican Tortilla Crisis of 2006 as the time when ethanol lost its vroom.

Right or wrong, that was when blame firmly settled on biofuels for the surge in food prices. The diversion of American corn from flour to fuel put the flat corn bread out of reach for Mexico's poorest.

Two years later, the search is on for ways to keep corn on the table rather than in the gas tank.