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Ethanol Runs Out Of Gas When You Tote Up True Cost
By Mr Ethanol | September 24, 2007
Houston Chronicle:
In the politically motivated rush to replace gasoline with corn ethanol, we may be doing ourselves real economic harm.
The government-supported push for ethanol will not only increase taxes and damage the environment, but will add to Americans’ burden of high fuel and food costs and especially hurt people on fixed incomes. And it will do almost nothing to reduce dependence on foreign oil — all of the ethanol production this year will replace less than 5 percent of the gasoline sold.
Clearly, there is a limit to how much of the U.S. corn crop can be gobbled up for ethanol without pushing food prices higher and higher. Increased production of corn-based ethanol during just the past 12 months has raised food prices by $47 per person, according to a study by Iowa State University. Before the summer is over, the price of milk is expected to jump 40 cents a gallon, and up to 60 cents more for a pound of cheese.
Nevertheless, a Senate energy bill is coming up for final approval next month that would require a sevenfold increase in ethanol from 5 billion gallons this year to 36 billion gallons by 2022. The measure also provides loan guarantees, biofuels research and development grants, and grants for ethanol plant construction for the politically powerful ethanol industry.
As if that’s not enough, Sen. Richard Lugar, R-Ind., and Sen. Tom Harkin, D-Iowa, are co-sponsoring a bill that would raise the ethanol mandate to 60 billion gallons by 2030.
Ethanol cannot be justified on a scientific or economic basis, and the only reason the industry has survived and profited is that the government gives corn farmers and ethanol producers very generous subsidies. As The Wall Street Journal pointed out, ethanol is produced by mixing corn with our tax dollars, currently $5.5 billion annually in more than 200 ethanol tax breaks and subsidies.
Topics: Biofuel, Ethanol, Gas, Prices |
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September 24th, 2007 at 2:34 pm
[…] admin wrote an interesting post today onHere’s a quick excerptThe measure also provides loan guarantees, biofuels research and development grants, and grants for ethanol plant construction for the politically powerful ethanol industry. As if that’s not enough, Sen. Richard Lugar, R-Ind., and Sen. … […]
September 24th, 2007 at 3:19 pm
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September 24th, 2007 at 10:59 pm
I’ve read articles that posit the same economic doom that you’ve laid out and I’m wondering where our politicians put the common sense. Oh, yeah the put it up their…
Modifying a George Harrison song:
“Isn’t it a pity, isn’t it a shame,
That we elect the craziest buffoons
Who think it’s just a game.”
———————–
hehehehe, Morgan! You bet!
cheers mate!