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    « Experts Look To Forests For Alternative Fuel | Home | EPA Sets Ethanol Use Standard For 2008 »

    Where’s Ethanol Money?

    By Mr Ethanol | November 29, 2007

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    Does the federal government subsidize the production of ethanol?” You bet it does.

    The federal government provides a 51 cent subsidy for every gallon of ethanol that is produced in this country. The critics say, “See, it’s obvious that ethanol does not make economic sense because it needs subsidies to be competitive.”

    But guess what? The ethanol producers do not get one penny of that subsidy. It all goes to the companies that blend ethanol and gasoline together.

    In other words, the subsidy goes to the oil companies. The big oil companies. And that’s true whether they are blending E-85 or E-10.

    So yeah, it is true that ethanol is subsidized, but all the money goes to the oil industry that is openly hostile to the biofuel industry. Fuel for thought.

    * excerpt from John McElroy, host of the TV show “Autoline Detroit,” which aired on Nov. 4, on the Speed Channel.

    Topics: Agriculture, Ethanol, Industry, Negatives |


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