Personally, I want to bankrupt OPEC. Corn ethanol is an important tool. It is also probably just a bridge to third generation feedstocks, which I expect we will see in 5-10 years.
The price of corn, by the way, is less than half of what it was two years ago. Not that you will hear any acknowledgment of that from the food vs. fuel alarmists.
PS — If the Obama Administration turns against ethanol now, it is because U.S. ethanol undercuts the Arabs. And we know where this president stands on that issue.
If ethanol is so great why does its use in gasoline mandated?
The only answer is the power of the corn lobby.
>> Personally, I want to bankrupt OPEC. Corn ethanol is an important tool.
The enterprising American petroleum industry has just proven that we don’t need a single drop of ethanol to bankrupt OPEC.
Ethanol is an engine-destroying boondoggle. Anyone who *wants* to burn ethanol for whatever reason should be free to do so. Supply and demand will regulate it properly. But mandating ethanol is horrible policy.
Why do you say Ethanol reduces gasoline prices at the pump?
Ethanol can be created from coal about 30% cheaper than corn. Just eliminating the requirement that the ethanol comes from corn will open up competition and bring prices down.
“The liberals have turned against ethanol because it now accounts for over 10% of the U.S. automotive fuel supply. It is reducing costs at the pump and helping put OPEC on the run”
It reduces miles per gallon and raises the cost of food.
“Personally, I want to bankrupt OPEC.
Personally, I want to buy ALL their oil at $50 per barrel or less.
“Corn ethanol is an important tool. It is also probably just a bridge to third generation feedstocks, which I expect we will see in 5-10 years.”
We pay farm subsidies, pay more for our food, pay more to operate our vehicles and help create bigger government through ethanol requirements.
“The price of corn, by the way, is less than half of what it was two years ago. Not that you will hear any acknowledgment of that from the food vs. fuel alarmists. “
Welfare Farmers are feeding at big gov’t’s trough by planting the sure thing. It isn’t free go consumers. We pay for this multiple times