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you mean, that never came to happen?? Why?
Why did the regulators have to step in and determine the final outcome?
great..
"In a startup company like SSTP and USSE, you are buying the management much more than you are the technology."
I dont know if thats a true statement...IMO
IMO, I bought technology ...and the hope that management would follow through.
A good example would be SUNW (now JAVA)...great tech, horrible management
As far as being a startup...management should of said at their coming out party in Natchez, that it was a startup...instead of promising production and revenues "6-10 weeks"..
I didnt say those words...your fearless leader did.
I know its a rehash, but it still could (and can) be "corrected"...just takes one simple PR. I bet that will never happen....Its much easier to keep tricking people into thinking that there will be production " shortly".
"Anyone reading this board from the beginning of the companies being public, knew the management they were buying."
Really?!? How is that possible ....only a handful knew about JR and his past blunders, until it was brought out on this board.
"If a person did not like the management, there was plenty of opportunity to not buy shares, and if bought, plenty of time to exit soon after buying. "
Sure there was...only problem, most got tricked into buying CYBR, then USSE, then SSTP... based on BS from pumpers and JR postings ( on this board and others).... only the smart $ whom saw thru this BS took off. Most got caught holding the bag.
"The negatives of management have been dominating this board."
And that should continue to dominate ...till true production time frames (as promised, by management) or real honesty is brought to light ( you know...clarity from management)
PS..You still havent answered about my prior question..... How did you enjoy getting "forced" into buying SSTP after USSE shareholders were screwed out of it?? Did you enjoy it as much as i did?
dead on....
"Take a look at the blue chip companies...the management in most of them can probably be improved. The sales or profits decline...management failed the stockholders?"
Of Course....and what happens to these blue chip companies? The shareholders complain until the useless CEO is gone....just look at a few recent......Prince (Travelers),Nardelli (Home Depot) and O Niel ( merrill)
Now I am definetly not sayning that JR is anywhere close to that league...but shareholders DO hold ceo's "responsible".
I have never complained about the technology....just the management...or lack of
Tech does sound very similar... The main point, is that if JR does have the tech "now", he better get moving...before someone ( whether it be GM, GE or big oil) "backs" some other competing "process"....even if it is not superior now, enough money thrown at a project and innovation will breed competition.
PS..if GM backs it and they are the biggest car maker....which "technology" will they gear their vehicles up for (in coming years)
maybe they are going to meet about this co...
http://www.wired.com/cars/energy/news/2008/01/ethanol23
Wow...see what happens when you get a real financial partner (GM)...the press just comes clammering to your door.
Keep up the good work JR...pretty soon, there wont be any market for your "technology"
Question..
Quote
"And let us not forget the concrete production on site. "
Does USSE own this concrete producing plant?
If so, can those be counted as revenues?
If twice were only true..... I dont think I could possible count how many times LIES were thrown out here and there!!!
I definetly want some liar certificates... issued to appropriate parties!!!
"...I usually like to invest in good technology as well as sound management..."
If that the things you said about JR and if the above statment is true, why did you ever invest in USSE or SSTP?
I have different opinions from my DD and risk tolerance.
Good Question...
The technology is good...no question. Albiet ....its not "JR's technology"...its someone elses, with a twist. This is not the first time that this machine has been utilized nor manufactured....in fact, do you have any idea whom manufactures this "machine"?
When I "signed on" with the purchase of shares, I had faith in technology and JR.... That came to screeching halt with what I have witness come out of every attempt that this know-nothing (as even he admits that), non "scientist" (and i do use that term loosely), cant keep his big mouth shut (especially when it comes to hyping stuff he has no clue about) wannabe executive/bigshot , whom just wants to give 10% of profits to save every battered women, battered cats and battered dogs (of course, at shareholders expense..not his own personal).
As far as other blunders...just wondering how do you feel about the "stealing" of SSTP from legitimate USSE shareholders?
You must realize , by now, that USSE will never "gain" from this immoral (but understandable, for whom it really benefitted) "questionable transaction". Did you enjoy taking more of your hard earned money ...and being "forced" to buy into SSTP, cause you had no clue, which stock would "hit"?
I do appreciate and respect that you have done your own DD and have formed your own opinion ...As I have done mine also!
Like i said , atleast 1/2 the equation could work...
the other half (with deepest hope, honestly) could work if he just changes for the better and or "corrects" mistakes, past and future
Beanpower you say: "LIED TO!"
Yes Lied to....did the longs get anything that i addressed in previous post???
Where is production that was said to be in 6 weeks? LIE
Where is my CYBR payback? LIE
Where is revenue? LIE
Where is my SSTP shares? LIE
Where is this big contract? LIE
I know its a rehash, but all JR had to do from the jump was say "we are a newly formed company with an unproven machine, that is still being worked on..production cannot start until I get the first machine up and running....after that machine is running, we then start R&D . After we test all sorts of feedstock, which could take years, we will then apply for permits to distribute the fuel. I really dont know when and if there will be any contracts, cause I dont fully know or understand , what this machine is capable of"
Personally, I would have more respect for a person that "tells it like it is" vs. a person who just tells people "what they want to hear, no matter how outlandish the claim is"
The progress JR has shown during 2007 and the people he has added to his team, I believe shows that he has been working for stockholders. Some timetables have been missed. Even blue chip companies miss target dates, and do not do as they said. In the past year a blue chip companies stock is from $20 to $5...the company did not do as what they told stockholders they would do.
Ok, this ones a doozy... what progress did JR show? I saw a half baked plan to put up 1 reactor in Natchez...which was then used to "demo" the larger idea of a whole room full of these reactors. This plan went to pot, and for some reason, the reactor ups and gets moved to Baytown....this to me is regression..not progression. Exactly how many millions of dollars were spent/ wasted on doing this?? Did I, as a shareholder, benefit by having this $ wasted?
Missed time tables? There again, time tables should not have been spoken about...especially if you dont have a clear plan nor an understanding of how much time it really does take to get through the R&D and bring a product to market.
JR is working to towards USSE and SSTP being blue chip stocks. He will have similar setbacks.
JR cant even get through being a "good" penny stock...what makes you think that he has any inkling on how to go from penny stock to blue chip??
"Setbacks" = "inexperience".
Yes, he needs more knowledgeable people around him...problem is, they all head for the door after he "blows stuff up" on these talented people, by running his mouth ..he needs to learn that he's not the smartest cookie in the batch and that he is not fully knowledgeable on running a business.
JR may get over optmistic, but that was been posted about many times, so we need to invest accordingly.
Unfortunately, that is why the shareprice is where its at today...I usually like to invest in good technology as well as sound management...dont really know if 1/2 that equation exists.
The progess cannot be denied...it is real!
Cannot be denied,...but is still far from where it was needs to be.
I'll take a stab at how some of the longs feel...
LIED TO! Some, like myself are still waiting for the CYBR share payback....waiting for the production in 6-10 weeks....waiting for the 1 for 1 split of SSTP...waiting for big contracts coming...waiting for anything that JR says to come true.
Some of us longs have much more than 10K tied up in the stock...
I just cant wait for the day 2 things happen....
1) JR gets the boot
2) Real production with revenues
PS...I also cant wait to give away 10% to battered women, battered cats and dogs (pretty hard to do, without $ coming in ..)
Good Article...
Especially for a startup company...
Makes one wonder if someone that big approached JR and he pissed them off.
Also makes one wonder on how many times "opportunity" will knock on the door, before someone else "answers" the call...
LETS GET GOING HERE, BEFORE SOMEONE ELSE DOES!
November I agree... I do find it commendable that a few shareholders are willing to go the extra mile to get word out / promote this company and potential product, but not in this Globe 2008 thing.
A trip to Baytown is a much better idea.
That whole Globe 2008 stinks to high heaven of a lawsuit waiting to happen.
Why in the world would 2 non employees go and act as representatives of this company?
Because they own shares?!?
Shoot..I own shares in Intel...does that mean I could/should get a booth at a electronics trade show and tout what a great product Intel has???
Another Rivera blunder.....just waiting to be shot down.
What could 2 non employees know about this tech ( to qualify them as reps) and answer questions ??
And if they do know this tech (inside and out)...what the heck are they posting on a message board everyday for?? ( some can construe that as insider trading and or "pumping and dumping")
Yup, great idea JR, fund it ( it will all go well cause you "funded" it out of your own pocket...ever hear about a corporate veil?)...this one almost goes down as the dumbest thing you could do.
PS...What the heck is your corporate attorney saying about this? Do you even bother listening to him/her?
Im guessing that its not the skeletons...its the man that weighs-a-ton, whom drives them away (and not with his rented Rolls Royce)
Common shareholders have been demanding everything a reporting company should be doing...its falling on deaf ears.
Guess thats why they they have no intention on fully reporting. What did ever happen to the guy that was hired to help do just that?
My guess is that is why the dog and pony show with different groups (shareholders and potential partners)...
This also explains why they were in no rush to assemble reactors in Natchez....hence production......everything had to be totally re-engineered.
Even now, if tubes can go up and running, are the MQED's done??
Metro, I agree 100%.
The "problems" have always stemmed from the person whom has been TRYING to run this company. He is and never will be an executive! (Is this person even a 'real' scientist?) Until board members vote this "non knowing how the technology works" idiot off , company will go NOWHERE. As far as "the Rivera process" goes...Sure it runs great in batch mode, why do you think all demos have been shown with only the batch reactor.
Real executive have come and gone...from other CEO's right through CFO's.....why is that? Maybe they all see the tech is real, but the idiot that "runs things" is IMPOSSIBLE to work with.
The capper is funding.... idiot gets funding from OPPENH (wasnt it 50M) and screws the pooch by doing the unthinkable (early release of document)...now he has to settle on getting this new company (side question: whom are their principles? Is it another "startup"? ) to find him 10M...
Guess I would rather have 10M vs 50M funding ...anyday!!! LOL
What a moroon
my sources are no different than anyone elses....just need to "ask" the right questions to the right people.
Funny, my sources tell me that Rob Davis was the only level headed executive that was working at USSE. All the rest are in it for themselves (and I do mean all). There still is backstabbing/ angeling for position and the old "whats in it for me" attitude from "other" executives.
This is why this company has gone NOWHERE FAST.
Do you really believe that a certain executive keeps falling out of bed with different companies, because of their faults? Is it possible that one executive wants as much money as possible (for himself) and couldnt careless about shareholders?
I, as a shareholder, dont really like executives that are hip-o-crits. (pun intended)
Of course, my source could be totally wrong...who knows
What article did Rob Davis do for Forbes?
I thought that someone else wrote that article about "Kissy kat"!
Am I wrong? Or is there another Forbes article out there?
This is huge for any company that deals with "RENEWABLES" ....
Can USSE capitilize on it.....gonna have to wait and see.
http://biz.yahoo.com/ap/071218/congress_energy.html
AP
Higher Auto Mileage Standards Coming
Tuesday December 18, 4:12 pm ET
By H. Josef Hebert, Associated Press Writer
Congress Approves Auto Fuel Economy Increase, More Ethanol Use
WASHINGTON (AP) -- Congress by a wide margin approved the first increase in automobile fuel economy in 32 years Tuesday, and President Bush plans to quickly sign the legislation, accepting the mandates on the auto industry.
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The energy bill, boosting mileage by 40 percent to 35 miles per gallon, passed the House 314-100 and now goes to the White House, following the Senate's approval last week.
In a statement, the White House said Bush will sign the legislation at the Energy Department on Wednesday.
In a dramatic shift to spur increased demand for nonfossil fuels, the bill also requires a six-fold increase in ethanol use to 36 billion gallons a year by 2022, a boon to farmers. And it requires new energy efficiency standards for an array of appliances, lighting and commercial and government buildings.
"This is a choice between yesterday and tomorrow" on energy policy, declared House Speaker Nancy Pelosi, D-Calif., who was closely involved in crafting the legislation. "It's groundbreaking in what it will do."
While some GOP lawmakers criticized the bill for failing to address the need for more domestic oil and natural gas production, 95 GOP lawmakers joined Democrats in support of the bill.
Pelosi and Senate Majority Leader Harry Reid of Nevada acknowledged that they didn't get all they wanted -- unable to push through a tax package that would have rolled back $13.5 billion in tax breaks for oil companies and used the money to help spur wind, solar and biomass energy development and conservation programs.
The House passed the tax provisions, but the Senate fell one vote short of getting it through under threat of a presidential veto and a GOP filibuster. "Were going to be back and get the vote quicker than you think," Reid said at a news conference with Pelosi.
But Democrats said those shortcomings shouldn't take away from the importance of the approved bill.
"This legislation is a historic turning point in energy policy," said Majority Leader Steny Hoyer of Maryland because it will cut demand for foreign oil and promote nonfossil fuels that will cut greenhouse gases linked to global warming.
It increases energy efficiency "from light bulbs to light trucks," said Rep. John Dingell, D-Mich., a longtime protector of the auto industry who was key to a compromise on vehicle efficiency increases.
Many Republicans denounced the Democratic-crafted bill for failing to push for more domestic production of fossil fuels and for mandates some GOP lawmakers warned will not be possible.
"What we have here is a mandatory conservation bill," said Rep. Joe Barton, R-Texas. He argued that the auto fuel efficiency requirements and the huge increase in ethanol use may not prove to be technologically or economically possible.
Democrats disagreed. The legislation takes measured and concrete steps that are achievable, said Dingell.
The Senate passed the bill last week after discarding billions of dollars in higher taxes on oil companies and a solar and wind power mandate that opponents said would raise electric rates in the Southeast. President Bush and Senate Republicans opposed those measures.
The centerpiece of the bill remained the requirement for automakers to increase their industrywide vehicle fuel efficiency by 40 percent to an industry average of 35 mpg by 2020 compared to today's 25 mpg when including passenger cars as well as SUVs and small trucks.
Congress has not changed the auto mileage requirement since it was first enacted in 1975.
Democrats said the fuel economy requirements -- when the fleet of gas-miser vehicles are widely on the road -- eventually will save motorists $700 to $1,000 a year in fuel costs. They maintain the overall bill, including more ethanol use and various efficiency requirements and incentives, will reduce U.S. oil demand by 4 million barrels a day by 2030, more than twice the daily imports from the volatile Persian Gulf.
The automakers have repeatedly fought an increase in the federal fuel standard, known as CAFE, maintaining it would limit the range of vehicles consumers will have available in showrooms and threaten auto industry jobs. Bush also has argued against an arbitrary, numerical increase in the fuel efficiency requirement, preferring instead legislation to streamline the federal requirements and market incentives to get rid of gas guzzling vehicles.
But the automakers have accepted the political shift toward a tougher requirement. After the Senate approved the legislation last week, the White House immediately said Bush would sign it once it reaches his desk.
"While the president's alternative fuel standard and CAFE proposal would have gone farther and faster, we are pleased that Congress has worked together on a bipartisan way that provides the chance for the president to sign a bill that does not include tax increases." said White House press secretary Dana Perino.
The bill requires a massive increase in the production of ethanol for motor fuels, outlining a rampup of ethanol use from the roughly 6 billion gallons this year to 36 billion gallons by 2022. After 2015, the emphasis would be on expanded use of cellulosic ethanol, made from such feedstock as switchgrass and wood chips, with two thirds of the ethanol -- 21 billion gallons a year -- from such non-corn sources.
However, commercially viable production of cellulosic ethanol has yet to be proven and some Republicans have argued that the new requirements could be impossible to meet and may raise corn prices and food supplies.
The bill allows for a waiver if producers are unable to meet the federal requirement for cellulosic ethanol, which rises dramatically after 2015. "We have every confidence that we can meet the target," said Matt Hartwig, a spokesman for the Renewable Fuels Association, which represents ethanol producers.
The bill requires improved efficiency standards for lighting, commercial and government buildings, and appliances such as refrigerators, dishwashers and freezers. It also tells the Energy Department to issue efficiency standards more quickly. Light bulb efficiency will have to increase 70 percent over today's most widely used bulbs by 2020.
Environmentalist widely hailed passage of the legislation, especially the first increase in auto fuel economy since 1975, although expressing disappointment that the oil taxes and a proposal to require utilities to use renewable fuels did not pass.
"Just two years ago 62 members of the Senate opposed any increase in fuel efficiency," noted Phyllis Cuttino, director of the Pew Charitable Trusts Campaign for Fuel Efficiency, adding that not long ago "this achievement (was) unimaginable."
The bill is HR 6.
I dont want SSTP's BS shares (in the treasury)...Unless they give me the 1 for 1 of sstp that was promised....LONG AGO!!!!I now want USSE's shares to increase, cause that is what I "invested" in, in the first place....
Its been awhile since I posted,
Got a couple questions....
What benefits do/did USSE shareholders recieve for giving a spinoff company ( whom now it seems, according to the PR) is selling/making fuel....in other words,
as a USSE shareholder who got no compensation for SSTP ...how can SSTP send any tubes or make any JV with technology that was to be USSE's?
I dont get it....usse was to be the ones with the tubes...SSTP was suppose to market to electricity co's...
This JV/MOU should read USSE....Not SSTP
"which calls for 2 reactors and10 SSTP biodiesel reactors to be shipped to a Northern Illinois facility that FSEINT will provide for the joint venture. Furthermore, upon start-up of the initial Biogasoline reactor, the MOU provides that FSEINT "
Is the Author, Ron A from CT?
What site is this info from?
Did anything positive, or did anyone get an update on the Conference/Trade show , that was going on?
Did Boone speak about USSE??
<Regarding your point, I don't think Mr. Rivera is even putting in any effort to try to be consistent anymore. It doesn't really matter what he puts out, people will believe it and rally behind it. On a positive note, at least it gives those who are still objective enough to think about the situation a chance to see through the charade and possibly get out at a higher price than they could otherwise>
Sadly true.....
I am truely disappointed with this whole fiasco.....unfortunatly, I committed long and will see this whole mess thru to conclusion (good or bad)
I found a couple troubling statements that I wish weren't in the PR....
Sustainable Power Corp. (PINKSHEETS: SSTP) today announced it will begin to market an exclusive breakthrough biogasoline (BG100) made from 100% cellulosic bio-mass, and a replacement for gasoline in E85 flex fuel, as well as marine fuel.
When.??? Will they begin to market it in 6 months, 2 years, 5 years or longer....
hell, I can market a new version of gas myself...just dont know when i'll get around to it.
In a letter received from Neil Boone, Vice President of Special Projects at Amspec Services, LLC; Mr. Boone details his inspection and personal findings at the Natchez, MS facility. A copy of the letter can be obtained here: (AmSpec Letter).
Mr. Boone stated, "We used samples obtained from our visit to Natchez. Maintaining a full chain of custody, we returned to our lab in Houston and made biogasoline (BG100), marine fuel, and a replacement for gasoline in E85 flex fuel."
Ok...you guys (Amspec) MADE the biogasoline??? couple troublesome thoughts here... I thought you guys were in the business of "testing"! Does this mean that the JR juice must still be refined/add another (costly?) step?
If you guys made the biogasoline, why not just chop JR right out of the process and get your own patent on this new biogasoline? Patents are issued all the time to "improved on processes" (just look at BASF...they dont make the product...they make the product...better) (good slogan)
Keith Mazer, President, stated, "This is the first time in our company's history that we have had not only our process validated but also our end products proven by a world renowned laboratory. We are elated over the developments that allow Sustainable Power to begin to sell an additional suite of new fuels including our revolutionary new biogasoline (BG100). We are working very closely with AmSpec Services, LLC to complete various further analysis on additional fuels."
Ut oh.....Keith, I thought JR had this and lots of other products "tested" and Validated!!! If this is the 1st one that has TRULY been done, then JR LIED! (I am not surprised)...I also thought that Alcorn "validated" this whole process..a long time ago! What about the od 66 wasnt that process validated and proven, by Amspec???
Need a better PR dept...if you want this stock to move!!
These are all just the way I...note...I , interpret this PR.
This is probably because I have seen more BS come out of this company instead of true work and PRODUCTION.
Wow...a crime??? How...what proof? Who "benefited" from this alleged crime?
You guys are unreal..... this is a stock message board...most of the information at best is 1/2 truths.
as a seperate note...yes that was great news today!
I also believe that it will take much more time to get this new fuel " to market". It may very well be "test marketed" for a few thousand gallons..but I ( imho) also doubt that we will see it anytime before 3 years ( sold at retail/wholesale) on a mass scale.
as a note .. I'm not pumping nor bashing here, but how is what wechoose's doing, any different than Larice saying that "I just heard some great news from the "grapevine" (JR) and Larice should not be "reported" also??
JR is the source for MOST of the BS that does get slung around here anyway.....Go report him next....ooops...forgot, he was already reported
It really needed to be said.....This has gotten way out of hand now and if action is not taken soon...there will not be anything but a good story to tell the grandkids.
I have not been posting lately.... but as a long term shareholder (and I have been here since the beginning), I have pondered (especially today) selling .
I am not going to sell. Repeat...I AM NOT SELLING.
I will ,as a pissed off shareholder "speak my mind", though....
This whole mess can be attributed to JR's missteps...from the 1st demonstration to the busted Oppinheimer funding... thru the numerous MOU's with each and every company (that has tried to do business with USSE only to have JR "find" a problem with them) to our lastest endevor of another company "pulling away".
One starts to wonder if it's JR , that is the problem....not so much, the other way around...
and he just cant admit it to himself, or others (think of an alcoholic telling his girlfriend ...that she drinks too much!!)
IMO ..He is a loose cannon...uncontrolable and dangerous.
The stock price reflects this.
The ONLY LOGICAL SOLUTION IS TO GET RID OF RIVERA. "REHAB" HAS NOT WORKED FOR HIM.
(to those that are thinking.....yeah,yeah...he cant be gotten rid of...he is CEO....I say BS, anyone can be replaced)
It maybe harsh for JR and/or others to accept, but this is in fact what HAS to be done.
This is the next logical step for the good of USSE/SSTP.
The question begs, Just how much damage needs to be done (sub penny stock..soon???) , before the board of directors votes this idiot off???
And YES...he is an idiot with a BIGGGGGGG MOUTH ( think Ralph Cramdon on the Honeymooners)
I dont care if he is "the creator of the Rivera process"
....right now he is the "destroyer of USSE's shareprice"
In summary,
the product is viable..
the market is ripe for the taking...
but the loose cannon needs to have his wick "put out"...FOR GOOD!!
And yes I will "take heat" (called a basher, etc) on this forum for this post, but if this company is to survive (and it will), the next step is unavoidable.
I am truly sorry that I have to be so blunt about the obvious....
"John has said that he is speaking at the conferance"
NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO................please JR dont speak................
my shares cant keep taking the hit everytime you speak!!!!
"I could care less as long as he doesn't have any say in management decisions."
I Agree
true about it should be 8k'd (and that would be the ultimate verification)....but then again, how many times has something been 'back burnered' (MOU,LOI's etc) with all these companies, and then after probing by a few astute people, does the truth finally come out
IMO.. If Stanton is happy to walk away with x amount of dollars, with no legal recourse (hopefully... as the rumor goes)...then it would be a win- win all around
Could be all wishfull thinking ..but it would be sweet
"Keep in mind that JR solicited JS -- not the other way around -- and for years."
Exactly!!! This is why it is so hugh that that whole screwed up relationship from both of these questionable characters( maybe re-phrase that...business associates) are coming to an end. IMHO....They are both quietly being shown the door. I say about frigin' time ( and Im sorry if you are partial to JS; I really dont know your position on him)
Throw all the garbage out..and the place might not stink of BS anymore!
Thank goodness USSE/SSTP are finally distancing ourselfs from JS/JR and whomever else has been tied to the many questionable companies that JS has "created".
This is one of the biggest steps that NEEDED to be done , so that USSE/SSTP would be looked at as a real company.(yes they really are viable companies)
Part of the reason "real" investors would not look twice at this company was the JS tie.
Has anyone else noticed the chain of events that have been playing out over the last few months?
First, JR "took" a less demanding position, now it is "rumored" that JS is gone . My next guess is that the last 2 ties to any Stanton related "ex-employees" will be the next to go ( Zuckerman and Brent).
This will complete the clean sweep and these two companies will come out of the funk (JR created credibility issues) that has always plauged anything JS related.
IMHO..The real powers that are running the show should "reveal" themselves , once all the dust settles
You are right about production....but i am seeing a glimmer (yes, only a glimmer) of hope rising out of this company.
More dead weight (pun intended) needs to be trimmed and certain persons should be removed from positions that are not suitable for their job descriptions/personalities. Then and only then do we have a shot at re righting this ship.
Do we have a shot at this?
This change in setiment with 'goverment' on the biofuels is how we are gonig to make it big with USSE.
Also, by mandating certain green fuels, price for product increases dramatically ( more profit for company , at the same cost basis for the fuels)
Brighter days may be on the horizon..
http://news.yahoo.com/s/nm/20070612/us_nm/newyork_biofuel_dc
New York plans to heat buildings with biofuels
Jun 12, 6:05 AM ET
NEW YORK (Reuters) - In a further greening of the Big Apple, New York City Mayor Michael Bloomberg said on Monday the city will incorporate biofuel made from corn and soybeans into oil used to heat city buildings starting in 2008.
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The plan will reduce greenhouse gas emissions blamed for global warming, improve air quality and support small, family farmers, Bloomberg said.
Earlier this year, the mayor announced the goal of reducing New York's carbon footprint by 30 percent by 2030 and has gradually unveiled more detailed proposals, including a plan to convert the city's yellow taxi fleet to hybrid fuel vehicles.
Starting in July 2008, one-third of the heating oil bought by the city must contain 5 percent biofuel, the mayor said. The proportion will rise in stages to 20 percent biofuel in 2012.
Biofuels -- energy squeezed from organic matter such as sugar, corn or rapeseed oil -- burn cleaner and are fast gaining popularity around the world amid high oil prices and a battle against global warming.
Using financial year 2007 figures, 30 percent of the city's heating oil purchases would equal about 13 million gallons -- the equivalent of over 600,000 gallons of pure biofuel.
Bloomberg, who will leave office in 2008, said he will work with New York City Council to ensure that the biofuel goal is made binding.
I believe I saw a show ( think it was Modern Marvels)on how national renewable energy lab "showcased" a segment on using automoble "fluff" to make a form of fuel.
So I do believe it is a valid test that BCEI is looking into.