I am putting the final touches on our vision and mission statements for 2012 and beyond. They will both better reflect the reality of what we do, the kind of organization we want to be, and the way we plan to be it.
Americaâ€™s $2 billion dollar-a-day oil habit actually costs an additional $4 billion in indirect costs, to the total of $6 billion dollars a day, or 16% of our Gross Domestic Product. Thatâ€™s $1.5 trillion in additional costs varying from supply-side economics, oil-price volatility, and the cost of our military engagements in the Gulf region.
Our way of life is soon to be shocked by the geologic reality that the Earthâ€™s oil supply is finite.
The most recent effort to reinstate the biodiesel tax credit was embedded in the Hiring Employees to Restore Employment Act, or the HIRE Act for short. This piece of legislation when authored by Senators Baucus (D-Mont) and Grassley (R-Iowa) looked to be an excellent bipartisan shot at reinstating the biodiesel industry’s much desired credit. But last week it was announced that Senate Majority Leader Harry Reid (D-Nev) would move forward a version that removed the majority of tax credit inclusions, including the biodiesel tax credit. The reasons for this lack of support are cureently the subject of intense speculation, but one possible reason put forward by Nicholas Zeman in his recent article for Biodiesel Magazine resonated with me.