Stupid is as stupid does.
“prompted by poorly planned overexpansion of distillery capacity...”
Sounds like they want to socialize the ethanol industry now. In a market system, there is no planning on a market-wide basis.
Anybody checked meat prices lately? Looks like the plan for sky high food is working. How long before the lefties write the story about how much more CO2 alchohol prodcues over regular old gasoline — Like they did recently in the UK press.
Most things liberal turn out to be a hoax. CFCs causing the ozone hole is just the latest Liberal feel good hoax to be exposed.
Fuel prices fall 30%. Women and minorities hardest hit.
When will we learn to let market forces determine where energy comes from?
Can ethanol be converted to good-natured alcohol?
The 30% decline is for the spot market, which accounts for so little ethanol production that it is irrelevant.
Americans pay about half as much as the rest of the world, mostly due to taxes. The next President and Congress will almost certainly jack up American fuel taxes, keeping ethanol and other alternatives “competitive”.
“A glut of ethanol, prompted by poorly planned overexpansion of distillery capacity,”
And just about every food product has gone up in price becuase of this.
Foolishness..
I filled up with an ethanol blend last week, and the gas mileage in my hybrid went way, way down. Is this stuff supposed to be good for something?
>>A glut of ethanol<<
sounds like its time for a party.
Purple passion punch for everyone.
Maybe we can go back to using corn to feed cattle and bring down cheese, milk and meat prices.