Posted on 04/09/2012 8:17:50 PM PDT by neverdem
Last week, "an unelected group of people" over at the Environmental Protection Agency revised our national energy policy, approving a new gasoline blend with up to 15% ethanol, known as E15, which may be available in pumps this summer. Currently, most gasoline sold in the U.S. is E10, containing a maximum of 10% ethanol.
To review the backstory: the last time ethanol was in the news, it seems like its opponents, who come from both the environmental left and free-market right, had won a significant victory. Last summer, "a strong majority of a democratically elected Congress," to use Obama's words about ObamaCare, voted to discontinue subsidies for ethanol, effective 12/31/11.
The president termed the vote to end subsidies "ill-advised." Funny how he rails against "giveaways for the oil companies" -- which turn out to be tax write-offs afforded to most businesses -- yet had no compunctions about paying out 45 cents per gallon to ethanol producers. Rather than an "all of the above" energy policy, Obama seems to be pursuing "nothing from below."
Theoretically, 900,000 gallons of ethanol per day would produce a $17-billion annual subsidy. The actual number reported was lower, in the $6- to $10-billion range, but still much greater than the oil company tax write-offs of $4 billion that Obama finds outrageous, amounting to a few pennies per gallon of gasoline produced. (Four billion dollars spread over $133 billion gallons of gasoline per year comes out to 3 cents a gallon, and that doesn't take into account all the other petroleum products that oil companies provide.)
In any case, it appeared that common sense had prevailed. Ethanol was driving global food prices higher, causing riots in developing countries; rain forests were being destroyed so corn and sugarcane could be cultivated; cars got poorer mileage with ethanol...
(Excerpt) Read more at americanthinker.com ...
Love that site! Ping!
No, you can get real gas at many stations. Check out www.pure-gas.org that mylife posted above. We have many stations in Oklahoma that sell real gas. We never put ethanol in our vehicles.
Oops, sorry mylife. I meant that last comment for someone else. We old folks get confused. ;-)
My best ever premium leaded gas purchase in San Diego was 25.9 cents per gallon. It was a "gas war" in the Summer of 72. Too bad it was barely a one gallon purchase for my motorcycle.
You think Romney is going to fix this?
BOOOWWWHAHAHAHAHAHAHAHAHAHAHAHAHAHA
"The RFS program was created under the Energy Policy Act (EPAct) of 2005, and established the first renewable fuel volume mandate in the United States. As required under EPAct, the original RFS program (RFS1) required 7.5 billion gallons of renewable- fuel to be blended into gasoline by 2012.
The Energy Independence and Security Act (EISA) of 2007...increased the volume of renewable fuel required to be blended into transportation fuel from 9 billion gallons in 2008 to 36 billion gallons by 2022.
As a reminder the Republican Party controlled both the House and Senate as well as the Presidency in 2005, so we can not blame this boondoggle on the RATS.
Something else to thank that feckless, clueless, Compassionate Conservative RINO, Boosh for!!!
“....while President Romney cleans up...”
You can’t be serious.
Thanks for the correction. That was one of those ass-u-me statements on my part. I’ve been told you can buy avgas at Bridgeport.
Don’t know about Bridgeport. I’ve read that there is a station in Fairmont, but at more than 40 miles, it does me no good. I also hear that marinas in Parkersburg and Sutton have raw gas, but again too far for me.
For my trailered outboard and other small motors I double up on Sta Bil and use only fresh gas (10%E)....the truck and car are on their own :(
Why Obama's Birth Certificate Matters, Especially Now
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You lucky so and so.
I have to drive 90 miles or more to find a place thus.
Now it's touted as the wonder of the ages!
Now it's touted as the wonder of the ages!
The government may as well dump poison in the drinking water. It’s the same idea.
It’s not just the water in it.
The mileage is worse, and it takes more energy to produce.
Ethanol is lose-lose-lose.
Thanks for the ping and all your hard work doc.
ping
THANK GOD The EPA is...On The Job! How did we ever survive as a nation without them.
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