I'm no fan of Zero, but this got started under Clinton and was part of the spending orgy under a Republican House, Senate and Presidency.
Ethanol first got started by farmer co-ops
building plants to help get markets for corn surplus.
And with feeding operations getting bigger ag also
needed more high protein feed. Then other oxygenator
in gas was found cancer causing and water polluting,
so gov got busy and started pushing ethanol.When they started pushing, oil guys who don’t do nothing for
anything, without big bucks, said we need a credit to
do this, outsiders are making this stuff forced on us...
They didn’t need a credit to do the cancer causing one
as it was made by a big energy company that oil
investors owned.
Why is a tax credit of such a small amount
an orgy(granted other things they do are orgies),
when wall street analysts wrote
that ethanol saved consumers over
a 100 billion a year, more like 150 billion,
at the pump.
The reason to blast obama and green numbnuts about it,
is he and greenies figure it will reduce CO2
when in fact it makes engines burn cleaner making
more CO2 and less real pollutants. I don’t want to
reduce CO2 as that is what plant life has to have,
to sustain life here on earth, to make oxygen for us,
trees for lumber and paper, crops for food, etc.