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Author: notehound Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 455860  
Subject: Green Energy Can Be Profitable Date: 1/2/2013 7:09 PM
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Goodness gracious. Those clever green warriors finally have found a foolproof way to make money from clean, renewable biofuels.

One might imagine that there are similar environmentally-friendly money-making methods being employed up and down the vertical chain of green energy proponents, suppliers, traders and policy makers.

James Burgess shares the "secret sauce" for generating healthy profits:

Why did a Train Carrying Biofuel Cross the [US - Canadian] Border 24 Times and Never Unload?

http://oilprice.com/Latest-Energy-News/World-News/Why-did-a-...

"...The cargo of the train was owned by Bioversal Trading Inc., or its US partner Verdero, depending on what stage of the trip it was at. The companies “made several million dollars importing and exporting the fuel to exploit a loophole in a U.S. green energy program.” Each time the loaded train crossed the border the cargo earned its owner a certain amount of Renewable Identification Numbers (RINs), which were awarded by the US EPA to “promote and track production and importation of renewable fuels such as ethanol and biodiesel.” The RINs were supposed to be retired each time the shipment passed the border, but due to a glitch not all of them were. This enabled Bioversal to accumulate over 12 million RINs from the 24 trips, worth between 50 cents and $1 each, which they can then sell on to oil companies that haven’t met the EPA’s renewable fuel requirements.

Both the Canada Border Services Agency and the US EPA have launched investigations into the possibility of fraud, although the companies claim that the practice was totally legal.


http://oilprice.com/Latest-Energy-News/World-News/Why-did-a-...

-Tip of the hat to that scurrilous Tyler Durden for ferreting out such valuable information.

;-)

http://www.zerohedge.com/news/2013-01-02/why-did-train-carry...
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