'It seems almost too absurd to be true, but in the land of leviathan government, where the layers of bureaucracy are so intertwined it is impossible to navigate them, comes the revelation that the U.S. government has now taken to fining companies for not using a required product that doesn't even exist.

In 2011 scores of oil companies had to pay a total of $6.8 million in fines because they didn't mix a special type of biofuel into their gasoline and diesel fuels. It wasn't that the companies were trying to escape the requirement; it's just that, outside of a few labs and workshops, the product - cellulosic biofuel - is a myth.'

Read more: Refineries Facing Heavy Government Fines for Not Blending a Biofuel That Doesn't Exist