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Despite Obama's sequester, DOD signs contract for $59/gallon green jet fuel
Defense Secretary Chuck Hagel recently warned that (Obama's) sequestration would cause “suspension of important activities, curtailed training, and could result in furloughs of civilian personnel” but the spending cuts haven’t killed President Obama's green fuels program, as the Pentagon has continued purchasing renewable fuel at $59 per gallon while grounding 1/3 of the Air Force squadrons and the Navy doesn't have money to send it's ships to sea.
“In March, Gevo entered into a contract with the Defense Logistics Agency to supply the U.S. Army with 3,650 gallons of renewable jet fuel to be delivered by the second quarter of 2013,” Gevo announced this week in its first quarter financial report. “This initial order may be increased by 12,500 gallons. All shipments will be at a fixed price of $59 per gallon during the initial testing phase. These shipments are in addition to the renewable jet fuel supplied to the U.S. Air Force (USAF) and the U.S. Navy (USN).”
Conventional JP-8 jet fuel costs $3.73 a gallon.
Despite sequester, DOD signs contract for $59/gallon green jet fuel | WashingtonExaminer.com
It was bad enough that Obama ordered the Navy to spend $27. per gallon to fuel it's ships.
Defense Secretary Chuck Hagel recently warned that (Obama's) sequestration would cause “suspension of important activities, curtailed training, and could result in furloughs of civilian personnel” but the spending cuts haven’t killed President Obama's green fuels program, as the Pentagon has continued purchasing renewable fuel at $59 per gallon while grounding 1/3 of the Air Force squadrons and the Navy doesn't have money to send it's ships to sea.
“In March, Gevo entered into a contract with the Defense Logistics Agency to supply the U.S. Army with 3,650 gallons of renewable jet fuel to be delivered by the second quarter of 2013,” Gevo announced this week in its first quarter financial report. “This initial order may be increased by 12,500 gallons. All shipments will be at a fixed price of $59 per gallon during the initial testing phase. These shipments are in addition to the renewable jet fuel supplied to the U.S. Air Force (USAF) and the U.S. Navy (USN).”
Conventional JP-8 jet fuel costs $3.73 a gallon.
Despite sequester, DOD signs contract for $59/gallon green jet fuel | WashingtonExaminer.com
It was bad enough that Obama ordered the Navy to spend $27. per gallon to fuel it's ships.