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Tuesday, July 26, 2011 3:38:23 PM
Agreed, they said they'd sell fuel for WTI - $3 and instead they sold it for $14/barrel higher. WTF? Another mark mixed.
Oh and they said they'd sign JVs with mom and pops and instead they look like they'll be signing with multi-billion dollar companies. WTF? Another mark missed.
And they said they can make near-diesel fuel that has to be separated at a blending site and instead they can make just about any fuel you can imagine consumer-ready right off the processor. WTF? Another mark missed.
And they said it takes 2 operators to run the processor and in reality 2 operators can run 3 processors. WTF? Another mark missed.
And they said the processor has to be shut down to remove the residue and instead it can now be hot tapped straight off. WTF? Another mark missed.
And they said the residue has to be disposed of in a landfill which cost money. Instead, the residue itself has fuel value. WTF? Another mark missed.
And they said the permit would allow them to operate one machine. Instead, the permit allows 3 machines. WTF? Another mark missed.
And they said they expect to attract millionaire investors. Instead they attracted billionaire investors. WTF? I can't take this any more.
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