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Energy Subsidy Dreams
By Mr Ethanol | August 11, 2008
Washington Post:
It seems every candidate has his favorite energy subsidy. Or two.
Sen. Barack Obama (D-Ill.) has favored setting a minimum goal of 60 billion gallons for ethanol of all kinds, derived from corn and cellulosic materials such as grasses or wood chips. That’s twice the current target for an industry which has thrived largely because of federal mandates and subsidies for refiners that blend ethanol into motor fuel.
Sen. John McCain (R-Ariz.) has opposed subsidies for ethanol. And last Tuesday he attacked Obama for voting for the 2005 energy bill (widely supported by Republicans) because, McCain said, it had subsidies for big oil and gas companies.
But McCain made those comments during a campaign event at a nuclear power plant. McCain says he would like to see an additional 45 nuclear plants built in the United States. The problem: The nuclear industry says it needs big federal subsidies before it can build even one. Read full article.
Topics: Energy, Ethanol, Legislative, News |
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August 13th, 2008 at 2:50 am
Dream or reality remains the question when it comes to true energy independence and the role of the federal government. An interesting topic. I’ve added you under Energy & Economy on our network. Hope you’ll have a look and contribute there as well.