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Kernel-nomics - big ethanol's inflated job claims
Snips:
Growth Energy, a corn ethanol lobby group, is grossly exaggerating the economic benefits that a higher ethanol blend in the nation’s fuel supply would bring.
The group claims that granting its petition to increase the amount of ethanol blended into gasoline from 10 percent to 15 percent would create an additional 136,101 “green jobs.”
Our analysis shows that only 12,000 to 27,000 jobs would be created at a cost to taxpayers of between $195,000 and $446,000 per job per year for a total cost of $ 5.4 billion per year. Other independent analysts suggest that 38,000 jobs would be created at the cost of $139,000 per job per year.
Growth Energy is calling its petition to the Environmental Protection Agency (EPA) to waive the requirements of the Clean Air Act and allow higher blends of ethanol the “Green Jobs Waiver.”
The groups’ jobs’ claim is based on a March 4, 2009 study. The research done by the Windmill Group is the latest in a string of corn ethanol industry-commissioned studies. In contrast, independent academic economists have shown that the corn ethanol industry’s estimates of new jobs are far larger than any credible analysis produces.
“In short, there are claims to economic outcomes associated with ethanol production that seasoned analysts cannot swallow, but that proponents and politicians will certainly tout as gospel unless confronted with better (or, for the most part, actual) research. The gap between sensible analysis and outright nonsense is huge.”3
Independent analyses show that the Growth Energy job creation estimates are likely 5 to 10 times too high (see Table 1) compared to similar analyses by independent, academic economists.
Barack Obama
"The gap between sensible analysis and outright nonsense is huge."