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Congress ends corn ethanol subsidy
watts up with that? ^
| December 28, 2011
| Anthony Watts
Posted on 12/28/2011 9:29:12 AM PST by Ernest_at_the_Beach
click here to read article
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To: Ernest_at_the_Beach
I’m going to guess that we will be importing it from Brazil.
To: All
From the Detroit News article:
***********************************EXCERPT**************************************
Washington The United States has ended a 30-year tax subsidy for corn-based ethanol that cost taxpayers $6 billion annually, and ended a tariff on imported Brazilian ethanol.
To: Ernest_at_the_Beach
Corn ethanol has always been a boondoggle and has been little more than an elaborate farm subsidy program. Without the subsidies watch the price of ethanol/gasoline blends go up and consumers will abandon gasohol.
4
posted on
12/28/2011 9:33:03 AM PST
by
The Great RJ
("The problem with socialism is that pretty soon you run out of other people's money" M. Thatcher)
To: Ernest_at_the_Beach; WL-law; Berlin_Freeper; Horusra; Darnright; rdl6989; bamahead; Nervous Tick; ..
5
posted on
12/28/2011 9:33:41 AM PST
by
steelyourfaith
(If it's "green" ... it's crap !!!)
To: Ernest_at_the_Beach
6
posted on
12/28/2011 9:34:03 AM PST
by
CodeToad
(Islam needs to be banned in the US and treated as a criminal enterprise.)
To: Ernest_at_the_Beach
The subsidy has ended, but not the mandate.
This means $5 a gallon gasoline by November 6, 2012.
Buh-bye, Barry.
7
posted on
12/28/2011 9:34:42 AM PST
by
E. Pluribus Unum
(FOREIGN AID: A transfer of money from poor people in rich countries to rich people in poor countries)
To: Sacajaweau
If we need it....not sure why.
More from the Detroit news article:
****************************************EXCERPT****************************************
The subsidy has provided the oil and agribusiness industries with 45 cents per gallon of ethanol blended into gasoline. By some estimates, Congress has awarded $45 billion in subsidies to the ethanol industry since 1980.
To: Sacajaweau
The bribe money can go directly to the politician’s Cayman Island accounts-no trail inside the USA.
9
posted on
12/28/2011 9:37:22 AM PST
by
Farmer Dean
(stop worrying about what they want to do to you,start thinking about what you want to do to them)
To: Ernest_at_the_Beach
Barack just lost most of the Midwest.
10
posted on
12/28/2011 9:38:02 AM PST
by
IronJack
(=)
To: The Great RJ
so this summer i can pay 15 cents per ear of corn again :) and have plenty of it
To: E. Pluribus Unum
subsidy has ended but not the mandate?
jeez
so my corn will still be expensive AND so will gas.
just damn.
To: E. Pluribus Unum
The subsidy has ended, but not the mandate. That is the heart of the problem.
More half-a**ed action from congress.
As long as the mandate to force the use of ethanol in gasoline exists there will be no relief at the pump.
13
posted on
12/28/2011 9:42:18 AM PST
by
Iron Munro
("Don't pick a fight with an old man. If he is too old to fight he'll just kill you." John Steinbeck)
To: Ernest_at_the_Beach
Corn ethanol is not sustainable, and the farmers I’ve talked to know it... but they’re locked into the Govt underwritten merrygoround of debt and increased production for their survival.
Part of the death spiral for the American Heartland.
14
posted on
12/28/2011 9:42:29 AM PST
by
LomanBill
(Animals! The DemocRats blew up the windmill with an Acorn!)
To: Principled
"so this summer i can pay 15 cents per ear of corn again :) and have plenty of it"
And with any luck, the price of silage will drop, and we won't be paying $5/lb for "cheap" steak. Now if we could just get oil prices down a bit...
15
posted on
12/28/2011 9:44:36 AM PST
by
CowboyJay
(Lowest Common Denominator 2012 - because liberty was overrated)
To: Ernest_at_the_Beach
To: The Great RJ
Without the subsidies watch the price of ethanol/gasoline blends go up and consumers will abandon gasohol. In favor of...what? All gas has up to 10% ethanol in it by law.
Will straight unleaded gasoline now be available or will it continue with the US buying their ethanol from Brazil?
17
posted on
12/28/2011 9:47:11 AM PST
by
Bloody Sam Roberts
(Some folks need an education...don't give up or we'll lose the Nation - Grand Funk Railroad)
To: Sacajaweau
18
posted on
12/28/2011 9:49:03 AM PST
by
Matchett-PI
("One party will generally represent the envied, the other the envious. Guess which ones." ~GagdadBob)
To: Iron Munro
Just listen to the local news and as of Jan. 1 the NC State tax on gasoline will go up $.04 per gallon with an additional $.04 a gallon because of the end of the subsidy.
Happy New Year to NC from our Republician leaders.
19
posted on
12/28/2011 9:53:48 AM PST
by
devildognc
(We've lasted through the preliminary bouts; the main event is coming up. But it's not for sissies.)
To: Principled
Pawlenty defends ethanol subsidies (First Newt, now Tim, Who's Next?) not to worry, I'm sure Newt has a brilliant , nuanced answer . http://www.freerepublic.com/focus/f-news/2711962/posts
meanwhile, T-paw stuck us with this:
Pawlenty signs bill increasing ethanol content in gasoline by Laura McCallum, Minnesota Public Radio May 10, 2005
Minnesota is the first state with a law mandating 20-percent ethanol use by the year 2013.
http://news.minnesota.publicradio.org/features/2005/05/10_ap_ethanol/
20
posted on
12/28/2011 9:57:08 AM PST
by
WOBBLY BOB
(Congress: Looting the future to bribe the present.)
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