Tuesday, January 10, 2012

Frustration of Purpose and the EPA

The NY Times has posted an article indicating that the EPA is fining oil companies for failure to include a bio fuel in gasoline when the bio fuel does not exist.

The article states:

When the companies that supply motor fuel close the books on 2011, they will pay about $6.8 million in penalties to the Treasury because they failed to mix a special type of biofuel into their gasoline and diesel as required by law. But there was none to be had. Outside a handful of laboratories and workshops, the ingredient, cellulosic biofuel, does not exist. 

 One wonders why the citizens have no faith or trust in their Government. Under standard contract law a contract is deemed null and void if there is a frustration of purpose, namely if for reasons beyond the control of the parties the agreement under the contract cannot be met. Classic English Law holds this principle to be a key element. One could see it evolving even from the Magna Carta and even Salic Law! But not in Washington.

Just wait until these characters get a hold of health care! Perhaps one should just die early and avoid the mess.