Posted on 10/10/2018 4:07:38 AM PDT by Elderberry
I’m not sure it’s bad policy.
When they first started 10% ethanol and I got a > 10% drop in fuel mileage it seemed nonsensical. But then I got a more recent car and I don’t see a large difference in mileage.
So if ethanol helps us stretch our oil supplies, then great.
If oil is a finite resource then the policy makes sense.
If it’s a renewable resource then it might still make sense depending on the speed which the earth renews it.
Nicolas Loris is an economist at the Heritage Foundation:
https://www.downsizinggovernment.org/ethanol-and-biofuel-policies
Scanned it.
Didn’t look to me like she addressed the issue of oil being a finite resource.
She talks about the “renewable” standard, but then goes on to lists the costs of using a renewable resource. Without discussing whether or not this policy achieved the objective of stretching finite oil supplies.
Scanned it.
Didn’t look to me like she addressed the issue of oil being a finite resource.
She talks about the “renewable” standard, but then goes on to lists the costs of using a renewable resource. Without discussing whether or not this policy achieved the objective of stretching finite oil supplies.
Most of the blending credits are passed in multi year blocks. I think the next round is due in 2019. There is also a lot of star credits which of course vaey, and some renewable energy cresits. Most are tax crwdirs, not direct subsidies.
A lot of the smaller plants can’t survive without the credits. Hence my comment about the messed up contractor. Some of the fees lot and larger plants would survive just fine. But also remember the oil industry in general and the house is Said in particular have been fighting ethanol for decades. Prior to shake oil, Said viewed ethanol as a strategic threat. If we went the way of Brazil, they would be hurting. With domestic oil production sky rocketing, the are now pumping out funding against that.
The biggest effect trump has had is to remove the Chinese market. Corn and other at commodity prices have been dropping fast. So allowing the sale of E15 will only offset the damage he did by a little bit
Because so many “conservatives” are only so skin deep. When it comes to their grubby hands being cleaned they will side with their little treats from the government coffer. Iowans have shown us that a few times. Pushes up global corn product prices and is a terrible alternative, but makes a handful of farmers rich.
People don't eat cattle feed. The corn is processed into mash, then alcohol. Then the expended mash is fed to the cattle as an improved more nutritious feed than the original silage.
We still have to vote for him, and might get a vacation and most weekends off to run some worthless corn crap through the tailpipe for god knows why
I like your handle. My oldest son has 2, the SuperDuke and a KTM-500.
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