Navy Biofuel Deal is 'Cost Prohibitive,' 'Another Solyndra,’ Critics Say
Navy jet takes off from U.S.S. Ronald Reagan. (U.S. Navy photo)
(CNSNews.com) – The Obama administration’s deal to buy 450,000 gallons of biofuel for Navy jets comes at a cost of up to nine times higher than regular fuel, a spokesman for Sen. James Inhofe (R-Okla.) said, coming at a time when the U.S. military is already facing deep budget cuts.
Inhofe, a member of the Senate Armed Services Committee and former chairman of the Senate Environment and Public Works Committee, has supported biofuel projects in the past, but has problems with a program the U.S. Department of Agriculture and Department of the Navy announced earlier this month – one that would pay $26 per gallon for a special biofuel for Navy jets; $16 per gallon when mixed with regular jet fuel.
“Sen. Inhofe’s concern in this particular case as it deals with the Department of Defense is that the alternative is cost prohibitive,” Inhofe spokesman Jared Young told CNSNews.com. “Of late, our nation’s military has had to endure $500 billion in budget cuts, and if the sequestration happens as a result of the super committee’s failure to reach a deal, it would mean an additional $500 billion in cuts to our nation’s military.”
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