After reading the letter :

Letter to US Dept. of Energy on Biofuel Loan Guarantee Program
October 26, 2009
http://www.ethanolrfa.org/

1. They didn’t even have the funding??


Funding: The transfer of $2 billion from the Title XVII loan guarantee program to the U.S.
Department of Transportation from the “Cash for Clunkers” program resulted in the elimination of the $500 million set aside for the loan guarantee program for cellulosic biomass facilities. While the cash for clunkers program had merit and the RFA supports efforts to improve fuel efficiency, it should not come at the expense of emerging technologies that will lead America away from petroleum altogether. We strongly encourage the Administration to replace the $2 billion borrowed at the first possible opportunity.

2. More double talk/action you mandated 36 billion gallons and pull the finacing?)

The bottom line, however, is unless changes are made to DOE’s loan guarantee program, few if any cellulosic biomass projects will be built to help meet the advanced biofuels targets set forth in the 36 billion gallon Renewable Fuels Standard, and the Administration’s goal to create green jobs and increase the production of domestic, renewable sources of energy will be lost