Skip to comments.The unintended consequences of the ethanol quick fix
Posted on 07/26/2007 5:46:51 PM PDT by PJ-Comix
Grand Rapids, Mich. - Ronald Reagan once said that the most terrifying words in the English language are, "I'm from the government and I'm here to help." His one-liner immediately comes to mind when looking at the problems behind the federal government's campaign to boost production of corn-based ethanol with a massive 51-cent-per-gallon subsidy.
(Excerpt) Read more at csmonitor.com ...
Isn’t there already a 50 cent/gal subsidy on ethanol? $1.00 on bioDiesel?
I heard on the radio that Mexican farmers are plowing-under their agave crops to plant corn. People don’t realize how serious this will become a few years down the road.
It will make not a shred of difference though — the leftist answer to their inevitably short-sighted approaches is that we need more of the same and all will be well.
I NEVER use ethanol but a lot of people complain about its performance.
Ethanol is the price we pay for making Iowa so important in the nomination process.
And the market will produce more corn now that prices are higher.
Why isn’t govt intervention in order to bring an orderly transition to differnt fuels?
Strictly my opinion, but the market will not change the way we fuel our vehicles, and that fuel and oil is a serious national security liability (IMO)by funding our mortal enemies and chaining the US to fuel competition with China, a rapidly growing china that wants gas as much as we currently do, if we don’t transition, we will be paying ever higher prices for the same commodity and THEN we switch to ethanol?
That makes -0- sense, better to do it now, then suffer and THEN switch.
I would love to be shown were I am wrong on this, and please take the totality of what I said, and not fixate on “Govt intervention in a market”.
Yogurt went from .69 to .99 OVERNIGHT! And I get LESS MPG’s per gallon with this crud. All to prop up the corn farming friends of the RIGHT AND LEFT!
However having the US drastically reduce its oil consumption would seem to lead to a result where the US economy takes a hit from even higher energy prices, China gets access to all of the oil that they need at lower prices, and China continues to fund our mortal enemies.
Yea, try to buy corn taco shells. Hard to find Taco Bell take heed.
Unintended? Perhaps by some. I think the people behind the leftist schemes know exactly what they're doing.
We can very easily drill for and get enough oil to dwarf any amount of ethanol we can produce. It’s cheaper, easier, cleaner. And we can do it domestically. And the taxpayer doesn’t have to pay for it.
Sorry, ethanol and fuels like that are wasteful dead ends that serve only to delude us and give us excuses to avoid facing up to the reality that for the foreseeable future we gotta have oil. And the oil is out there.
Only a fool would use his food for fuel.
Good points, and I would add that corn, wheat and milk prices have been low for several decades - since the end of the 1980s. As with metals, there is a natural move in the market.
Please provide the details you have on how corn farmers are being 'propped up'.
I think they call it federal subsidies.
Ethanol is for drinking, not for driving.
You could not be more wrong , the price of milk has been at least twice what it should have been the last twenty years because the government has been buying it up and destroying it.
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