I have no problem with crops used as fuel, as long as they are not subsidized. That is really the only problem I have with it. I also argue against those that claim crops are going to supply a majority of our fuel. That math does work.
you have no legimate grip against them or ethanol The only legitimate grip is against speculators
And the subsidies.
Congress can change investment rules which would solve most of the inflated values.
No, that would only drive 100% of the trading overseas to London, Tokyo, Singapore and Dubai. Oil is a global, fungible commodity. That would only move all of the trading out of any control.
Please recognize that the trading is not new. But the supply margin of petroleum became so tight that trading could take advantage of that. If congress actually wants to help the situation, they should open up more of our domestic areas for exploration and production.
Point one-There is no subsidy now for corn,
wheat, etc, for farms.
Point 2- No, crops can’t supply majority of our
fuel but they could do 10% of the gas. The reason
keep mentioning 10%, and it could be 7-8-9-11, is
it is a foot in the door that helps to break
monopoly of just oil. Look at the huge number articles
coming out telling all the lies about, all the
screwy machinations oil co are doing to it,
BIG Oil resisting using it in 10% blend, pushing
there own oxygenator, thatis a polutant and cancer
causing...... I learned when all the wrong people
and companies are fighting something this hard(seems
about as much hurrah as the election) it must
be the correct thing to do.
Three- That tax credit BIG OIL gets is wrong,
but it ain’t the fault of ethanol or farms.
BIG OIl gets 20 times more than that in other
tax credits also on oil production.
Four- If speculating rules being tightened up cause
a drop in prices here, I think other gov
would do the same, as they are in far more trouble
over high prices than we are, so we could show
the way. Other gov who aren’t ME oil producers
are in much worse condition over food than we are.
Five—And the word that oil supply margin is tight
isn’t true, as reports now say our refineries are
not operating 100% and present demand doesn’t need a
100%. Oh, the word is there and everyone believes it.
So it still goes back to speculators using
every trick and communications venue to cause rumors
and controversy, to drive up the prices of what they
own, to get the next speculator to buy. Then that
one does the same. All they care about is a little
profit on each trade, with only reservation being
that they try to be the next to last guy before
anything takes a dive. Ed