[The idea of green energy] was in the 1970s, following the OPEC Oil Embargo that solar panels began popping up on rooftops and “gasohol” subsidies were enacted. It was believed that green energy would move the U.S. off of foreign oil and prevent oil from being used as a weapon against us.
Last Friday the EPA announced a reduction in 2014 biofuel mandates from 18 billion to 15 billion gallons. This decision was made because gasoline consumption has fallen and fuel mixes made with over 10 percent biofuels can damage car engines. But there is more to the story.
October 17 was the fortieth anniversary of the oil embargo slapped on America by the Organization of Petroleum Exporting Countries (OPEC). That action changed the entire geopolitical map by taking the power from the United States and giving it to the Middle East. As a result of the embargo, America slid into a serious recession.
The EPA is currently working on new regulations that will likely reduce the amount of sulfur in gasoline from what we scientist-types refer to as “itty-bitty” to “teensy-weensy” levels instead.[...]