Agreed! Bring back pure gas in all markets!
The sad thing about this is we are headed from 10% ethanol in gasoline to 15%. At the rate we are going we’ll have to import corn in order to eat it. And the government will continue to pay farmers not to plant and grow it!
#1 I want pure gas not this mandated crap.
2. This is ethanol from corn and nothing but corn.
3. You should make ethanol from any source if ethanol is the goal, but that’s not the goal.
4. Ethanol is very corrosive.
I tell you, history will laugh at us for burning our own food.
It is wishful thinking to think that obama would actually do something that would help. ABO 2012
It didn’t take a rocket scientist to predict this corn ethanol path would be a disaster. However it did take some reasoning ability and a willingness to not accept sound easy magical solutions without question.
DRILL BABY DRILL !!
In a company’s capital structure, the bondholders get first claim on cash flows (or the company is bankrupt), and the stockholders get what’s left (the residual) —whether it is a large amount, a small amount, or nothing.
Stretching the analogy to the corn crop, the government has put ethanol production in a priority position, leaving the food market with the residual corn production. The ethanol demand for corn is legally mandated, and hence fairly inelastic. Because of this demand, the percentage supply fluctuations in food corn, and hence the price variations, are magnified.
Now, couple this effect with the fact that corn-based ethanol isn’t a very good source of energy. Opinions vary, but the consensus seems to be that after all of the energy required to farm the corn and distill the alcohol is subtracted from the ethanol’s energy output, it’s a close to break-even proposition. So, we pay an exorbitant amount for food, wreck all older small engines, and don’t help our energy balance (or global warming) one bit with this silly policy.
It might be cheaper to just send corn farmers a government check than support this ethanol boondoggle. The ethanol program sadly won’t go away..too many RINOs from farm states support it. However if corn prices go up won’t the price of ethanol as well? If E-10 or other ethanol blends no longer have any price advantage over regular gas the market may well end the program.
I live in the heart of corn country and also the heart of ethanol production. There isn’t much ethanol being made from corn now days as corn prices are too high and plants here are being mothballed.
Distillers grain which is the by product of corn used in the ethanol process is actually good feed for cattle. Actually better than just plain corn. Do a little research on it through Google or ane of the other search engines.
I’m a car guy from way back and I only use straight gas, no ethanol but it pains me to see my money going overseas to people who hate us.
Ethanol is an expensive joke....kill it!