DuPont's Ridiculous Corn Cob Gasoline Fails the Sustainability Test!
Phony PR Stunt Blows Up in the Faces of DuPont's Arrogantly Stupid Bosses!
THE SUNDAY SIZE-UP
Good Evening, Bonsoir, Guten Abend,
Readers, for years, we have written about the absurdity of DuPont Management's cockamamie scheme to make costly corn cob "gasoline" (bad-mileage ethanol) by stripping hundreds of thousands of acres of rich organic material in the form of corn stover. For just as long DuPont 's pompous , petroleum-hating leaders and their know-nothing lobbyists and their PR con or corn artists have been singing the praises of this folly. Guess what?
Biofuels made from the leftovers of harvested corn plants are worse than gasoline for global warming in the short term, a study shows, challenging the Obama administration's conclusions that they are a much cleaner oil alternative and will help combat climate change. So says, a $500,000 study paid for by the federal government and released Sunday in the peer-reviewed journal Nature Climate.
Yes, another rip-off of DD shareholders and a likely write-off of hundreds of $millions down the road. What dolts on the ninth floor of the dreary grey, pigeon-stained DuPont Building in Wilmington, Delaware came up with this environmentally disastrous, economically disastrous brainstorm? Instead of being fired, we're sure they have been promoted to the highest levels.
In the meantime, DuPont's big bosses are demanding that the American people with their tax dollars bail them out of their laughable misfiring. Looks like DuPont corn cob "gasoline" is turning out to be the Imprelis of DuPont bioscience.
Merely THE SUNDAY SIZE-UP digitally penned by one individual investor and long-time student of the scien
tifically decayed DuPont Company...funfun..