get it he hell out of my gas tank!!! typical RAT boondoggle... costs more, less mileage
Posted on 07/24/2010 4:59:23 PM PDT by neverdem
WHEN WASHINGTON starts handing out cash, it can be hard to stop. See, for example, the decades of subsidies the government has showered on the corn ethanol industry. The fuel was supposed to free America from its dependence on foreign oil and produce fewer carbon emissions in the process. It's doing some of the former and little of the latter. But corn ethanol certainly doesn't need the level of taxpayer support it's been getting. Lawmakers are considering whether to renew these expensive subsidies; they shouldn't.
The feds give companies that combine corn ethanol with gasoline a 45-cent tax subsidy for every gallon of corn ethanol added to gasoline. That's on top of a tariff on imported sugar cane ethanol from Brazil and federal mandates requiring that steadily increasing amounts of these biofuels be produced. The Congressional Budget Office this month estimated that, all told, the costs to taxpayers of replacing a gallon of gasoline with one of corn ethanol add up to $1.78. The tax incentives alone cost the Treasury $6 billion in 2009.
How about the environmental benefits? The CBO calculates that it costs a huge $750 to reduce annual carbon dioxide emissions by one ton using corn ethanol. And that figure relies on assumptions extremely favorable to the industry.
Not only are these subsidies expensive, but they are redundant...
(Excerpt) Read more at washingtonpost.com ...
not to mention the fact that it drives up the price of beer.
AH yes the program that has driven meat prices up. No corn for food or feed. Yeah that’s smart.
How stupid for a country to burn their food for fuel. We deserve what we sow.
Will Iowa still vote Democrat if these subsidies are withdrawn? If not, they’ll be in place til the country collapses.
get it he hell out of my gas tank!!! typical RAT boondoggle... costs more, less mileage
I think I know somebody who plans on losing the Iowa caucus bigtime...
A 45 cents per gallon incentive to add a little extra ethanol above the mandated 10% ?
On a thread here on FR about 3 weeks ago a reply said that a friend who owned a Chrysler dealership was having unsual problems in his service department. So the dealer purchased a test kit or device to check the percentage of ethanol in the gas tanks of the problem vehicles.
Up to 21% ethanol was found to be in the "gasoline". The reply posted did not say if a lower percentage solved the problems.
costs more, less mileage”
My mileage is off as much as 15% ++. In both of my vehicles.
“It’s time to end the excessive subsidies for corn ethanol”
-duh
me too, running 10% corn... pathetic
and the price of beef and the price of pork and the price of corn flakes ...
And it takes more petroleum energy to produce a gallon of ethanol than the gallon of ethanol produces.
Thanks for the post.
end all subsidies
Gobsmacked!
I’d love to raid one of these ethanol plants with a truckload full of freshly toasted oak whiskey barrels, fill ‘em up and stash them someplace for a few years. It’s pure corn likker and the barrel will sure sweeten it up and give it some color...
>>> I’d love to raid one of these ethanol plants with a truckload full of freshly toasted oak whiskey barrels, fill ‘em up and stash them someplace for a few years
I’d advise against it. The ethanol is mixed with a poison to render it undrinkable and hence no threat to the alcoholic beverages tax structure.
Not that I'm doubting you, but do you have a reference for this little tidbit of info???
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.