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The Ethanol Fraud
http://abcnews.go.com/2020/story?id=3130684&page=1 ^

Posted on 05/05/2007 6:19:15 AM PDT by truthfinder9

There was a great piece on 20/20 last night about the ethanol fraud, read it here: http://abcnews.go.com/2020/story?id=3130684&page=1

For example:

But if ethanol made so much sense, we wouldn't have to subsidize it or mandate its consumption. Jerry Taylor of the Cato Institute said, "If you can make a profit in this economy by putting something on the market, the government doesn't need to put a gun to your head."


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: e85scam; energy; environment; ethanol; ethanolscam; oil
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To: Watsonj1

Well, at least its Americans who are making the money not middle eastern oil countries who hate us but will take our money.


61 posted on 05/05/2007 8:31:59 PM PDT by lndrvr1972
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To: Paraclete

We could get oil a lot cheaper if we ditched the boondoggles like ethanol and let the market for innovation operate. Going whole hog for ethanol would cause the price of making the ethanol rise as steeply as that of making oil by present means and it would completely disrupt our present agricultural system. We don’t have the water, for example, in places like California, to grow the extra crops. In the Midwest we would accelarate topsoil depletion beyond ocntrol and in the East we don’t have the space. The combination of big government, big ethanol and big oil along with big auto is presently avoiding better technology rather than suffer any disruption. Big environment is also part of the dance by insisting on exotic things that are marginal. Big oil goes along with this dance to show its good intentions so long as it doesn’t disrupt the way things are presently done.


62 posted on 05/05/2007 8:36:18 PM PDT by AmericanVictory (Should we be more like them, or they like us?)
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To: truthfinder9

A few years ago, the US gov’t started puting up terraces on hilly farmland to slow down soil erosion due to water runoff. They also provided slightly more habitat for wildlife. These terraces were paid 50% by the landowner and 50% by the gov’t.

Now, with ethanol production threatening to raise the price of corn, the gov’t is tearing down these terraces to increase the total acreage of tilled land available for corn.

I ask you this: what the he11 are they thinking and who the he11 is running this dog and pony show? Does this make any sense to anyone?

We are destroying wildlife habitat and increasing soil erosion and farmland degradation so we can be environmentally responsible and make more ethanol???

THIS COUNTRY IS TOTALLY F*ING INSANE!!!!!!!!!!!!!


63 posted on 05/05/2007 8:40:15 PM PDT by mamelukesabre
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To: Watsonj1

It makes no environmental sense either.


64 posted on 05/05/2007 8:44:54 PM PDT by mamelukesabre
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To: AmericanVictory

Yep...

65 posted on 05/05/2007 9:27:11 PM PDT by thackney (life is fragile, handle with prayer)
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To: Watsonj1
Also...the corn must be harvested...trucked to the plant...

Already some communities are comining out against the heavy truck traffic....not to mention the noxious fumes from the plan...

And the end product has to be trucked out in tankers because the Ethanol can't be fed into the existing pipeline network...even if there were any pipelines in the rural ares where Ethanol plants are set up.

66 posted on 05/06/2007 7:54:50 AM PDT by spokeshave ("Hitlery is uniting the country. Everybody hates her.")
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To: Toddsterpatriot
How's that work exactly?

It doesn't.
67 posted on 05/06/2007 10:52:04 AM PDT by hedgetrimmer (I'm a billionaire! Thanks WTO and the "free trade" system!--Hu Jintao top 10 worst dictators)
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To: hedgetrimmer

You’re making stuff up again.


68 posted on 05/06/2007 10:54:55 AM PDT by Toddsterpatriot (Why are protectionists (and goldbugs) so bad at math?)
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To: Toddsterpatriot

What?


69 posted on 05/06/2007 1:42:35 PM PDT by hedgetrimmer (I'm a billionaire! Thanks WTO and the "free trade" system!--Hu Jintao top 10 worst dictators)
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To: Toddsterpatriot

Water and electricity.


70 posted on 05/06/2007 2:08:10 PM PDT by paul544 (3D-Joy OH Boy!!!)
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To: hedgetrimmer
Don’t play stupid. Although you are very good at it.
71 posted on 05/06/2007 2:09:47 PM PDT by Toddsterpatriot (Why are protectionists (and goldbugs) so bad at math?)
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To: paul544
Why would you waste power doing that? Just use the electricity to run the vehicle. How is the electricity generated?
72 posted on 05/06/2007 2:10:33 PM PDT by Toddsterpatriot (Why are protectionists (and goldbugs) so bad at math?)
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