Only probem is greenies through Clinton
and other tricks have put our best coal off limits.
The amount given for ethanol subsidy to get big oil to
blend is small fraction of the tax breaks oil gets,
in other areas under tax laws.
It should be done away with as they make enough to
do it and still make profits. The smog in cities has
beem reduced a huge amount using ethanol to get
cleaner burning and less pollution. Congress can force
them to do it. The stations with 10% around here are
little less than others. The amounts spent on CRP, and
other crap in farm bill is many times that sudsidy.
Answer to other poster. Suppose we stop ethanol, and the
huge influx of dollars speculating on corn goes away,
and both have to happen for price to drop. What then.
Well 2 dollar corn. We’ve had ethanol for years and still only had less than 2 dollar corn, up until last 18 months
when the money from speculators increased a huge amount,
then driving up prices. We get back to 2 buck corn but now
cost to raise is $3.50 not $2.50 due to energy increases,
and fertilzer, equipment driven up by energy.
So we gonna give farmers price supports to keep them from being driven out, not able to raise anything.And you can
bet that corn goes back to 2 bucks all other stuff will be
below production costs also. And the speculators will
leave corn due to the lack of a huge volumne of product
compared to oil. Like 12-15 billion bushels of corn in
a whole year, where oil we use we use that many
gallons to refine every 5 days. I really wish congress would change FTC laws, so more money percentagewise had to be put up for commodities trading. Help everything including oil. Think of it folks, 2 buck corn gets
our farmers 30 Billion..Bill Gates makes that
every year. Oil companies cleared 10 times that much.
The 4 buck average for corn last year got farms 60B.
Whoppee spread among all farms won’t pay their taxes.
About 2 million fulltime farms. We have more lawyers
than that, getting about 400 Billion of our GNP.
Folks it is the money people who are causing the problem
and not ethanol, and you do away with it, you are
just adding to shortages in energy....Ed
Here is more proog that food commodities are
being manly driven by speculators.Some commodities
have went down this last week.So who benefits, and why.
The powers that be at the ultimate top level(the
Federal Reserve) has swung the axe against a sacrificial “bear” and have told all the others in the
investment business that they had better shore up their cash reserves, as we can get more axes. And you will do
it by selling some of your commodity positions so as we and you get some public goodwill, with little lower
prices on farm comodities..... Think about it....
And keep the axes sharp.......Ed