Wednesday, January 18, 2012

It's The Economy Stupid: Your Government Dollars At Work

The Navy last month signed a $12 million contract to buy 450,000 gallons of fuel made from algae and used cooking oil, the largest biofuel purchase in U.S. government history. While that price amounts to OVER $26 a gallon, the department says the expenditure will help next-generation biofuels become competitive with conventional transportation fuels.


Okay, economically speaking, that’s STUPID.




John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

Ph:  225-342-0013

Fx:  225-342-9721



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