VETS PLEASE ADD YOUR NAME TO OUR ROLL CALL ROSTER AT:
http://Vets4McCain.com
Posted on 04/26/2008 3:23:50 PM PDT by Jacquerie
Most politicians have been swept up by the notion the U.S. could supply a good portion of its energy needs from Midwest farms, instead of from unfriendly regimes in the Middle East and elsewhere. In December, Congress overwhelmingly passed, and President Bush signed, a new energy bill dramatically raising renewable fuel mandates.
But that consensus will be open to debate in the presidential election with John McCain as the GOP standard bearer. He’s one of the few politicians who oppose handouts to the ethanol industry.
(Excerpt) Read more at epaper.investors.com ...
None
Sounds good but will he introduce legislation to stop the subsidy. It would have to be complicated just one short paragraph. Or will he just be a politician and only talk about it. After all if it were enacted right now it wouldn't really have an effect until the next crop season, that's a year from now.
Why bother? The rats, farm state pols and rinos are in the pockets of the enviro nuts. No matter how damaging ethanol is to the average consumer, it has way too many supporters spread over too many states to be defeated anytime soon.
From NBC:
“At one time, just before McCain jumped into the race officially, the Arizona senator was for ethanol. Now that his campaign situation has changed — from presumptive front-runner to hearing the death knell to stolidly trudging along, he is against it again.”
2007: May 13, 2007: Meet the Press with Tim Russert:
RUSSERT: In 2007 you go to Iowa and say this: ‘I support ethanol. I think it’s a vital alternative energy source, not only because of our dependence on foreign oil but because of its greenhouse gas reduction effects.’
Is the switch because you’re entering the Iowa caucus?
MCCAIN: When oil is $15 a barrel, ethanol does not make sense. When oil is $60-plus a barrel, then ethanol does make sense.
RUSSERT: So you’ve changed your mind.
MCCAIN: No, I haven’t. I have adjusted to the realities of the world we live in today.
The Oil Drum (a blog about the energy markets): “In order to win Iowa, you must support ethanol policy. Presidential hopefuls Hillary Clinton and John McCain provide perfect examples of the Iowa influence. Longtime critics of U.S. ethanol policy - both changed their positions during the most recent presidential campaign.”
It was also reported in National Review Online, MSNBC, UPI, and Fortune Magazine.
VETS PLEASE ADD YOUR NAME TO OUR ROLL CALL ROSTER AT:
http://Vets4McCain.com
Oh, Thank God! Finally someone is at least starting the conversation. I hope he sticks to it!
LOL. Love it!
You’re not running for president, by any chance, are you? :)
Oh, my. So much sense being made in this thread.
The U.S. ad valorem tariff is 2.5% of the product value, and is lower than any other country in the world. To prevent U.S. tax dollars from further subsidizing foreign-produced ethanol, which has already received support from the country of origin, there is a secondary duty of 14.27 cents per liter or 54 cents per gallon. The secondary duty was created to offset the value of the ethanol tax credit taken by the petroleum industry when ethanol, both domestic and imported, is blended with gasoline.
http://www.ethanolrfa.org/resource/facts/trade/
meaning we can't use the much cheaper sugar ethanol from Brazil.
We import more ethanol from Brazil than any other country. But now the US produces even more ethanol than Brazil's total production.
If asked, I will not enter the race. If nominated, I will not run. If elected, I'd be surprised. If I'm an office holder, I couldn't wait for it to be over and I'd tough it out like passing a kidney stone.
Wouldn’t a concentrated few weeks on FR looking at what the American people consider to be brains, and conservative thought, from those in public service, be a help?
No, silly idea. Sorry.
The price of crude is pushing $130 a barrel; at 42 gallons/bbl, the crude cost in a gallon of gasoline (not even considering the losses through the refining process, transportation, distribution) is over $3. That’s the only reason — the only reason — food costs have gone up. Corn planting is down this year compared with last year, per another ethanol slammin’ article posted on FR, which isn’t hard to explain, since fuel costs are up. The entire amount of corn used to make ethanol won’t even bump into competition with corn crop used for food, as the US will still produce a surplus.
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