The Bum Rap on Biofuels
American Thinker | 5-13-08 | Herbert Meyer
Posted on 05/14/2008 3:59:06 AM PDT by Renfield
http://www.freerepublic.com/focus/f-news/2015711/posts
my 10% blend gas is $3.90 and without ethanol
at a market price of about $2.50, wall street analysts
say that my price would be $4.40.
That saves the US about a billion
dollars at the pump every 6 days, figuring 50 cents a gal
lower times 350 million gals of gas/gas blend every day that Dept of energy says is sold. That’s is over 50 billion a year saved. So seems decent return on a pissy
3 billion a year tax credit that dummies are having a hairy about,which is getting reduced anyway. It seems the idiotic naysayers want that extra expense that the hell raising may lead to instead of
getting congress to rein in the speculators.
Who are the main problem, and they affect oil
also.
Folks we got to get common sense going, The wild speculation is going to cause a crash in the farm sector and you know huge amounts of land will
get retired as many farmers will be done in.
Some will be forced out.....Do you know that the
30 million acres in CRP only cost taxpayers less than 5 billion to landowners.Most of whom don’t farm.
This makes greenies so happy they pee their pants.
If it gets really bad, maybe five times as much
will be taken out of production by 25 billion dollars spent, if we have a crash. Greens are
happy as hell to see it coming.Farmers figure it is coming.
Maybe a third of farmland gone when things
crash. Then we will have actual big shortages where there are non now....Now where farmers have increased corn
production a third for food and feed, plus the amount
used for ethanol, and the ethanol plants put out
huge amounts of high protein feed enough to make
15 billion lbs of meat this year...If the GMA want to help
us and themselves, get after Congress to rein in
speculators, by forcing them to risk more. But of
course they won’t as most of them are big businesses
are owned by speculators....
Is that interesting or what....Ed