Originally posted by mtgoat666
| Quote: | Originally posted by David K
Pemex is pure gasoline... |
99.9% pure?
| Quote: | Originally posted by Bajahowodd
Ethanol is a ridiculous scam. It decreases efficiency- thereby mileage. It's the most blatant farm subsidy around, and serves to drive up the cost of
many other foods....
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scam? perhaps.... "A federal subsidy of 45 cents a gallon for blending ethanol into gasoline and a 54-cent per gallon tariff on imported ethanol"
is that true?
| Quote: |
Let the ethanol wars begin.
Shortly after a bipartisan group of senators circulated a letter calling for an end to federal ethanol subsidies and tariffs this week, a group of
Corn Belt senators have released their own declaration calling for renewal of the measures.
A federal subsidy of 45 cents a gallon for blending ethanol into gasoline and a 54-cent per gallon tariff on imported ethanol will both expire
automatically at the end of the year without Congressional action. A bill introduced in April by Charles Grassley, Republican of Iowa, and Kent
Conrad, Democrat of North Dakota, would extend the measures until 2015.
“Ethanol has proven its value as a homegrown, renewable fuel and, in light of the hundreds of billions of dollars shipped abroad as a result of
foreign oil dependence, ethanol is a relative bargain,” Mr. Grassley said in a statement accompanying the letter.
The letter was signed by 16 senators, including Al Franken, Democrat of Minnesota, and John Thune, Republican of South Dakota.
Opponents of the ethanol subsidy and tariffs call them unnecessary to support a mature industry and a waste of money at a time of deep fiscal crisis.
Ethanol sales continue to climb in the United States and are expected to reach nearly 14 billion gallons in 2011, according to the Environmental
Protection Agency.
Federal law requires that renewable fuels account for 8 percent of the motor fuels to be sold next year. The same law mandates that ethanol production
in the United States climb to 36 billion gallons per year by 2022.
Ethanol from sugar-growing countries like Brazil is cheaper to produce than domestic ethanol, made largely from corn, and dropping the tariff and
subsidy would likely result in a significant drop in domestic production.
“Our country is spending over $730 million a day on imported petroleum this year, money that often ended up in the hands of unstable or unfriendly
governments,” Mr. Conrad said in a statement. “This is not the time to reduce the supply of a domestic source of fuel and place at greater risk the
thousands of well-paying jobs that the renewable fuels industry has created.”
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if we keep the ethanol subsidies, we need to eliminate the bush tax cuts for the rich  |
