and America takes another one in the........
Posted on 04/09/2012 8:17:50 PM PDT by neverdem
Last week, "an unelected group of people" over at the Environmental Protection Agency revised our national energy policy, approving a new gasoline blend with up to 15% ethanol, known as E15, which may be available in pumps this summer. Currently, most gasoline sold in the U.S. is E10, containing a maximum of 10% ethanol.
To review the backstory: the last time ethanol was in the news, it seems like its opponents, who come from both the environmental left and free-market right, had won a significant victory. Last summer, "a strong majority of a democratically elected Congress," to use Obama's words about ObamaCare, voted to discontinue subsidies for ethanol, effective 12/31/11.
The president termed the vote to end subsidies "ill-advised." Funny how he rails against "giveaways for the oil companies" -- which turn out to be tax write-offs afforded to most businesses -- yet had no compunctions about paying out 45 cents per gallon to ethanol producers. Rather than an "all of the above" energy policy, Obama seems to be pursuing "nothing from below."
Theoretically, 900,000 gallons of ethanol per day would produce a $17-billion annual subsidy. The actual number reported was lower, in the $6- to $10-billion range, but still much greater than the oil company tax write-offs of $4 billion that Obama finds outrageous, amounting to a few pennies per gallon of gasoline produced. (Four billion dollars spread over $133 billion gallons of gasoline per year comes out to 3 cents a gallon, and that doesn't take into account all the other petroleum products that oil companies provide.)
In any case, it appeared that common sense had prevailed. Ethanol was driving global food prices higher, causing riots in developing countries; rain forests were being destroyed so corn and sugarcane could be cultivated; cars got poorer mileage with ethanol...
(Excerpt) Read more at americanthinker.com ...
Crap. That will wreck my motorcycle engines and lawnmower. Idiots at work.
Crap. That will wreck my motorcycle engines and lawnmower. Idiots at work.
E10 is bad enough!!
Ethanol content up, MPG down, higher gas prices amplified, stop for gas more often. Sure...yup....what could go wrong? You can’t fix stupid, you can only vote it out of office.
I hope the world can hold together for a few more months while President Romney cleans up, and out, this mess. I know that some are worried about this, but I’ve looked over his website and I’ve snapshotted the pages.
The first year in office, I’ll be much more interested in what he’s UNDONE than what he’s DONE.
This will stimulate the economy by creating lots of repair work on cars motorcycles and lawnmowers.
Thank Goodness that you don’t have a boat! Ethanol is a well known boat killer (not that I have one but I do love them!)
I can buy goats for my grass! But you cannot fix a boat without an extra couple K sitting around!
and America takes another one in the........
Don’t forget the increase in food prices and its the same amount of CO2 expended (maybe more)
Bahh!
Most of the Pure gas for sale in the USA is at marinas
I wonder who the brilliant bass turd was who thought that it would be a great idea to burn our food in our fuel tanks.
the new "LAW" says it's allowed, but is it mandatory? and why would the gas companies raise the level to 15% if they don't have to since they are in the business of selling gas not alcohol??
As far as I know it’s being mandatory is being pushed by the states. A few years ago Tim Pawlenty pushed eventual E-20 on Minnesota. Yeah, that T-Paw, the RINO. I am so happy to be back in TEXAS!
just damn...
Good grief, we all know this won’t work. It will destroy your car engine. Is this what they want?
Good grief, we all know this won’t work. It will destroy your car engine. Is this what they want?
Wow, Obama bitchin’ about “unelected officials” opened up a nasty can of worms, didn’t it?
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