Ethanol is nothing but a FARM SUBSIDY that is having a big effect on the price of food.
A REAL DRILLING PLAN would do far more for America, than any amount of ethanol would.
Ethanol is nothing but a FARM SUBSIDY
It really is that.
But I disagree with the arguments in this thread or elsewhere concerning food prices. The entire corn industry, ethanol or its food derivatives, is a major part of agricultural subsidies which are simply misguided, to be diplomatic, and politically corrupt to be more correct.
In the food arena it's not like Americans don't consume enough food (especially meat); one only has to wander around the local mall and observe the obesity to see that. Or examine every label in the food market to see the ridiculous saturation with corn starch, corn syrup, etc. The point being that government propping of the corn industry, and a host of other agricultural pathways, is simply nonsensical; and can be cut drastically.
Furthermore, for those who bemoan the demise of the family farm, the Agricultural Bill is primarily a corporate subsidy of big conglomerates, little different than taxpayer largess to General Motors or Goldman Sachs.
The federal Agriculture complex is every bit as ripe for gutting as Education, HUD, and HHS. Decent food, its availability, its value, would not be a problem if federal agricultural subsidy was cut fifty percent or more; there are a multitude of more wholesome and efficient pathways than the government now promulgates. You can just bet there would be a lot of (agricultural) industry whining and repetition from Media sycophants who have never seen a farm.
Just another abyss of government interdiction with our tax money. But a far less recognized one.
Johnny Suntrade