by Dave Blount | January 7, 2013 10:49 am
When economic activity is guided by the pursuit of profit, everything is forced to make sense; resources are allocated in the most efficient way possible, like water finding its natural level. When economic activity is guided by government coercion, everything is forced not to make sense; resources are wasted on lunacy like this:
A cargo train filled with biofuels crossed the border between the US and Canada 24 times between the 15th of June and the 28th of June 2010; not once did it unload its cargo, yet it still earned millions of dollars.
How was this possible?
Each time the loaded train crossed the border the cargo earned its owner a certain amount of Renewable Identification Numbers (RINs), which were awarded by the US EPA to “promote and track production and importation of renewable fuels such as ethanol and biodiesel.”
Nowadays you get rich not by meeting needs, but by pleasing moonbat bureauweenies.
This enabled Bioversal to accumulate over 12 million RINs from the 24 trips, worth between 50 cents and $1 each, which they can then sell on to oil companies that haven’t met the EPA’s renewable fuel requirements.
Meanwhile, real fuel that unlike biofuel is economically efficient cannot cross the border but instead goes to communist China because Obama killed the Keystone XL pipeline to please environazis and his crony Warren Buffett.
Leftists cannot grasp that wealth is not something to be redistributed, but something to be created. Consequently, a society governed by their authoritarian principles does not produce wealth, but only goes through the motions of producing it, the way monkeys might imitate the behaviors of humans without comprehending their significance. This is why the Soviet Union collapsed, and why Obama’s fundamentally transformed USSA is close on its heels.
On a tip from Kevin S. Hat tip: Zero Hedge. Cross-posted at Moonbattery.
Source URL: https://rightwingnews.com/economy/fuel-transport-in-the-age-of-obama/
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