Its my guess Balding_Eagle is involved in the farm industry and has rationalized the entire ethanol fiasco because he’s making boatloads of money.
I grew up in farm country and know farming is a tough business. The government has leverage the difficulty and used subsidies to gain control of the industry and all the people associated with it. Many farmers entire life is based on what the govt will or won’t pay, subsidies, pay for leaving land idle, tarrifs and so forth.
Ethanol is just the next step. Someone had the 10% ethanol bill in their back pocket and saw an opportunity to make big bucks regardless of the impact on the country.
The science is simple. Ethanol has less energy than gasoline. Nothing is going to change the chemistry. Ethanol might make sense if you weren’t using food and had a shortage of oil.
As it is it takes more gas to produce ethanol than is output as a final product. Then they mix it with gas which reduces efficiency resulting in yet more gas being required to produce the same result. Not to mention the millions of cars and other products which have been damaged by ethanol.
So no he won’t quit. He’s making too much easy money to stop defending this house of cards.
Same here. Half my wife's family are farmers.
He's talking his book.
The science is simple. Ethanol has less energy than gasoline. Nothing is going to change the chemistry. Ethanol might make sense if you weren’t using food and had a shortage of oil.
As it is it takes more gas to produce ethanol than is output as a final product. Then they mix it with gas which reduces efficiency resulting in yet more gas being required to produce the same result. Not to mention the millions of cars and other products which have been damaged by ethanol.
An explanation so simple, an economic caveman like President MomJeans can understand it.