Ethanol Hoax Spreads Economic Havoc

HUMAN EVENTS ^ | 03/19/2008 | Walter E. Williams

[ME-262]

God gave us a great, practical energy source, oil. Many are simply too ingrateful to appreciate this.

God also gave us the sun, corn, radioactive elements, rivers, wind, swamp gas, what's your point! Do you believe using only oil is the smartest way? Use the brain God gave you and you will realize that if we unscrupulously use only nonrenewable forms of energy that are easy to tap, soon future generations of our ever expanding population will have less resources than we do to work with. There is no way to prevent it, but we can reduce our use and hope that with improved technology they'll have a better standard of living even with reduced resources.

[WildcatClan]

You’re one of the few Americans that “gets it”.

[reaganator]

corn? read the article.

There will be a free market solution to replace petroleum as an energy source when it is feasable, practical, and profitable and NECESSARY. Not until. Oil IS the lifeblood of the American economy. What should be being worked towards now is increasing the petroleum final products, gasoline, propane heating oil. Not HOPING for “pie in the sky” feel good, “green”, government subsidised alternative energy “solutions” while the American economy goes in the tank!

[hubel458]

Energy is the lifeblood of our economy,and ethanol is
another form of energy. And its price from the
refinery is over a dollar a gal less than the pump
price of gas, and that price has no price supports for
corn in it. When used by big oil company to add to gas
they get a tax credit, which is wrong, but that
ain’t the fault of corn, farmers or ethanol.
There is more than 350,000 barrels a day produced,
and it is a help.And as I said it isn’t a favorite
of the deep green movemement as it makes farm viable
which the greens don’t want. Most price rises are
due to over leveraged speculating which is getting
reined in a little after the BSterns firm collapsed,
and gov pressure is forcing investers to get some funds
out of commodities that shouldn’ be there. Last couple
weeks gold down a hundred, corn down a little ,
oil down, ethanol down...Ed

[ME-262]

If we don't start introducing ethanol infrastructure with corn ethanol we will not be ready when cellulosic ethanol is produced in commercial quantities. Half the battle is just breaking the infrastructure monopoly that Big Oil has had over the automotive industry and retail fuel outlets. No other fuel is possible without a way to the consumer. Corn ethanol is a good blending agent, and cellulosic ethanol will be a great motor fuel.

Don't wait for your ship to come in. Row out to meet it!