Wednesday, March 4, 2015

... And This Is How You Become A Billionaire

By creating a product no one wants, then getting the government to force everyone to buy your product. From the Washington Free Beacon:
Billionaire John Catsimatidis is working to slip a biofuel mandate that would add $150 million to New Yorkers’ heat expenses into the state budget just as a company he owns completes construction of the largest biofuel plant in the region. 
The New York Post reports that Catsimatidis’ lobbyists are putting the pressure on State senators to slip a provision that would require all heating oil sold in New York to contain “2 percent or more of soybean oil and/or spent vegetable oils.” 
Catsimatidis is building a biofuel-processing plant in Brooklyn that will be the largest plant in the Northeast, according to the report.
He's very close to the Clintons.

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