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Ethanol Not As Good For The Country As Thought
By Mr Ethanol | July 14, 2008
Fort Worth Business Press:
Poor old ethanol has taken quite a beating lately. Amazing what can happen when prices of a commodity rise rapidly. Not too long ago it seems like every politician from sea to shining sea touted ethanol as the savior to our transportation fuel woes.
Now, that corn – the primary ingredient in U.S. made ethanol – has doubled in price, politicians are pulling back their support of government mandates. Some have gone so far as to point out that the use of food products to make an energy product really makes little sense.
Recently, Texas Gov. Rick Perry went to Washington, D.C., to follow up on a letter he sent the Environmental Protection Agency in April. Perry seeks a waiver in the mandate of 9 billion gallons on ethanol. He wants the mandate reduced to 4.5 million gallons. In 2007, the U.S. consumed about 6 million gallons.
Perry’s actions mirror the position of groups, such as cattlemen and ranchers, grocers, poultry and others that feed corn to stock or people.
Perry said Texas produced 296 million bushels of corn and consumed 900 million bushels.
Perry pointed out that just a penny increase in corn prices adds more than $6 million to the cost of corn for Texans.
Did Washington anticipate such fallout from the ethanol mandate? Read on.
Topics: Ethanol, Legislative, Negatives, News |
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