But mama said..
Posted on 10/20/2017 9:32:18 AM PDT by Tolerance Sucks Rocks
Corny Capitalism: This is one campaign promise we wish President Trump would break. But alas, he just told his EPA to give up any thought of cutting back on the federal government's anti-consumer, anti-environment ethanol mandate. Sad.
The story begins in 2005, when President Bush approved the Renewable Fuel Standard program as part of an energy bill, which required oil refiners to blend in predetermined amounts of "biofuels" into their gasoline, starting at 4 billion gallons in 2006.
A revised version of the RFS, which Bush signed in 2007, expanding the program, requiring ethanol levels to climb steadily to 36 billion gallons by 2022.
The argument at the time was that forcing ethanol into the market — which is mainly derived from corn — would cut energy imports, improve energy security, reduce pollution, lower fuel costs and create jobs.
Even if those reasons were sufficient at the time to justify this heavy-handed government intervention in the energy market — and we don't think they were — today's energy picture makes the ethanol mandate entirely obsolete.
Thanks to the fracking revolution, the U.S. is now awash in domestic supplies of oil and natural gas. Oil prices have dropped and net imports are lower than they've been in more than 30 years. The U.S. could become a net exporter of oil within a decade.
So the idea that replacing some oil with ethanol is vital to national security or stable energy prices is a relic of a bygone era.
(Excerpt) Read more at investors.com ...
A one issue voter! If Cruz had been elected it would be Obama 2.0. Sheesh...
Opinions vary. We’ll never know.
BTW, I was a two issue voter. :)
STRAWMAN and Hyperbole....he he
Well if you want to play the “Are you saying” game, here you go.
Last I checked ethanol has been a gasoline additive for some 30 years and introduced 10 years before that.
Are you saying that over 40 years U.S scientists have been too stupid to figure out how to make a correct mix for our cars and and U.S automobile engineers have just ignored technological advances in fuel injection systems?
the Last 30 years I’ve had 3 automobiles with each one getting 300k miles and change and still running at trade-in.
Are you saying that you aren’t smart enough to select a good automobile?
“Multiply the ethanol mandate times 1000 other crony-capitalist political insider skimming operations”
I think if you had said 10,000 you probably would still be low-balling the actual number.
That’s a stupid comment. Obama 2.0? That’s just stupid talk.
Actually, GOVERNMENT is too stupid to make a correct ethanol mix for our cars. Trump is going to force E15 onto the market, and some cars cannot handle that.
Why stop at biofuel ethanol subsidies? Let’s subsidize domestic whiskey distilleries too. It will help reduce foreign whiskey imports and keep the populace nice and limber at the same time!
But mama said..
Funny how that happens when gubmint gets involved in the marketplace...
Yeah but why did it drop frow $7? More land in corn production that was previously growing something else or was idle (conservation management program - get paid by the .gov to grow weeds)?
I just want $7 corn again!
Ping
bump
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