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Ethanol’s Gain In The United States May Be Alberta’s Loss
By Mr Ethanol | February 11, 2008
Billings Gazette:
Few Americans are aware of it, but Canada is the biggest foreign supplier of energy to the United States.
You can look it up. Put crude oil, natural gas, electricity and refined products into one barrel, and no other country delivers such an energy load to fuel American homes, cars and industries.
Yet this mutually beneficial economic relationship between Canada and the U.S. may be in for some rough sledding because of the zealousness and arrogance of the green crusaders who now hold sway on Capitol Hill.
A week before Christmas, President George W. Bush signed the Energy Independence and Security Act of 2007. Seven years in the making, the bill is a nightmare for any nonspecialist to tackle. Hundreds of pages long, it is the proverbial lawyers’ benefit act, which every lobby and every interest group will interpret for its own benefit.
Among others, giants like Cargill and Archer Daniels Midland have been handed billions of dollars of assured profits and tax credits in what amounts to an open-ended appeal to grow corn for the ethanol mandated by the bill as automotive fuel. And the politically muscular Sierra Club got its wish in the auto fuel efficiency provisions and biofuel requirements.
Fuel economy emphasis… continue reading.
Topics: Biofuel, Ethanol, Legislative, Market, News |
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