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Thompson Changes View On Ethanol
By Mr Ethanol | October 5, 2007
Chicago Tribune:
Visiting Chicago to raise funds after an extended Iowa visit with a tour of an ethanol plant, Republican presidential contender Fred Thompson said the world has changed since he voted against ethanol subsidies while serving as a Tennessee senator.
“Well, when I was in the Senate, oil was, I think, like $23 a barrel,” Thompson told reporters outside his first fundraising event in Illinois since declaring his candidacy last month.
“It’s a different world now, not only the price of oil but what’s going on in the Middle East, what’s going on with regards to Russia, which is becoming a major oil country,” he said. “We can’t afford that kind of dependence.”
Thompson voted against tax credits for ethanol producers in 1998 and voted to eliminate ethanol subsidies a year later. Iowa, which is home to the country’s first presidential caucuses, also is the nation’s largest producer of ethanol, and supporting the fuel additive has become almost a prerequisite for support by voters in the state…
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