My neighbor is a chemist for Amoco. He says that ethenol is not the holy grail as a gasoline substitue. The process required to get ethanol to market consumes energy... fossil fuel.
As for subsidies, the oil companies are paying taxes on their untapped oil reserves!
I get fed up with some liberals I know who spout off with unfounded statements.
My wife worked for Texaco for 30 years in their World headquarters in NY.
She said what the feds are, and have been doing to the oil companies, is unconcienable.
Oil companies are hog-tied from building new refining capacity.
She goes ballistic when I mention the "Federal Government" and "energy" in the same sentence.
I just sat on an outcropping there and watched them pull up on the wellsite, slide to a stop (fanned out formation), guys pop out of all the doors with clipboards in hand, and deploy like some sort of strike force, (as I was later informed) looking for infractions.
It looked like a SWAT operation. Just unreal.
I just sat up there and watched the show.
One fresh water tank had overflowed when it was filled that morning, spilling three or four barrels of water, and the company was fined heavily for spilling water on the ground--that came out of a private pond about five miles back up the road (where it had been in contact with the ground...).