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Obama, Clinton Donors Sold ‘Green’ Algae Fuel To DOD

Of course, this is barely news now that we’ve come to accept this kind of crony socialism. But not too long ago this kind of baksheesh was only practiced in third world countries and banana republics.

From the Washington Free Beacon:

Obama, Clinton Foundation Donors Sold ‘Green’ Fuel to Military for $149 per Gallon

San Francisco’s Solazyme also received millions in stimulus funds from DOE

By Ali Meyer | August 12, 2015

The CEO and Board of Directors of Solazyme, a company the military paid $149 per gallon for “alternative” fuel, have donated more than $300,000 to Democratic candidates and committees, according to a Washington Free Beacon analysis. 

Recipients of significant donations included the Obama Victory Fund and the Democratic National Committee. Additionally, Solazyme donated between $100,000 and $250,000 to the Bill, Hillary, and Chelsea Clinton Foundation.

We certainly hope the author of this piece isn’t suggesting that donations to Democrat politicians and to the Clintons would help them get Defense Department contracts. That would be an outrageous suggestion. (Sarcasm.)

A Congressional Research Service (CRS) report found that the Department of Defense (DOD) paid Solazyme $149 per gallon for fuel made of algal oil, costing taxpayers a total of $223,500 in 2009. The group also received a $21 million stimulus grant from Department of Energy in 2009…

Well, why not? After all, we now know that the US has no oil or gas reserves. And we also know that the price of oil is so high we have to come up with economic alternatives like algae. — No, wait. We don’t know that at all. Sorry.

Three members of Solazyme’s Board of Directors have donated hundreds of thousands to Dems, which include more than $50,000 in donations that benefited President Obama. Solazyme’s co-founders, Jonathan Wolfson and Harrison Dillon, have together donated more than $7,000 to Democratic candidates and committees…

From fiscal years 2007 to 2014, the DOD purchased 32 billion gallons of petroleum fuel for $107.2 billion, which comes to $3.35 per gallon. This means that Solazyme’s price per gallon was 44 times that of the average price of regular petroleum fuel…

Which just shows that Mr. Obama is always looking for new and innovative ways to bankrupt the military.

This article was posted by Steve on Wednesday, August 12th, 2015. Comments are currently closed.

One Response to “Obama, Clinton Donors Sold ‘Green’ Algae Fuel To DOD”

  1. mr_bill says:

    It’s nice to see that the CRS finally discovered this. I made the links between nerobama donors and the overpriced biofuels sold to the USN and USAF years ago. All it took was a quick web search to see who the officers were at the companies and another quick web search to see that they were major donors to nerobama. The process took less than two minutes and I’d hardly call it research. Of course, I knew exactly what I would find as soon as the stories popped up about the government paying huge prices for biofuels when they could buy conventional fuels for far less.

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