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The Ethanol Bubble Pops in Iowa: More evidence the fuel makes little economic sense.
The Wall Street Journal ^
| April 18, 2009
| Max Schulz
Posted on 04/18/2009 2:54:42 AM PDT by Scanian
click here to read article
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1
posted on
04/18/2009 2:54:42 AM PDT
by
Scanian
To: Scanian
...I saw dozens of rail cars sitting idle.What a waste of good corn liquor, which is basically what was being produced.
The Ethanol Fallacy: Op-Ed
So why not build corn liquor stills on an industrial scale and use the output to power our cars and trucks?
Thats exactly what this country has been doing for the past several years. Some 134 ethanol plants are now in operation, consuming close to 1.6 billion bushels of grain, about 15 percent of our total corn production.
2
posted on
04/18/2009 3:03:36 AM PDT
by
philman_36
(Pride breakfasted with plenty, dined with poverty, and supped with infamy. Benjamin Franklin)
To: Scanian; philman_36
The entire ethanol debacle is a great case example to illustrate the folly of government intervention in the free markets.
You can’t fool Mother Market.
4
posted on
04/18/2009 3:21:20 AM PDT
by
D-fendr
(Deus non alligatur sacramentis sed nos alligamur.)
To: Scanian; philman_36
From the article:
could process 39 million bushels of corn and produce 110 million gallons of ethanol annually. And from philman_36's post:
...consuming close to 1.6 billion bushels of grain, about 15 percent of our total corn production.
An a little math by theymakemesick:
If 39 million bushels of corn produces 110 million gallons of ethanol annually,then 110,000,000 / 42 = 2,649,047 barrels annually. We consume about 20,000,000 barrels of petroleum per day in the USA. That plant produces about 13% of what we use in one day. 1.6 billion bushels total / 39 million bushels = 41. 41 X .13 = 5. So, we consume 15% of our annual corn production to offset 5 days worth of our petroleum consumption. This does not include the petroleum required to farm, fertilize, water or transort the corn. Great use of natrual resorces, not.
5
posted on
04/18/2009 3:26:25 AM PDT
by
theymakemesick
(You may be a terrorist if you went to church last Sunday or think "shall not be infringed" means it)
To: theymakemesick
That plant produces about 13% of what we use in one day. I meant to say "that plant produces in one year about 13% of what we consume in one day".
6
posted on
04/18/2009 3:33:33 AM PDT
by
theymakemesick
(You may be a terrorist if you went to church last Sunday or think "shall not be infringed" means it)
To: D-fendr
I would have to disagree. Mother Market loves bailouts and stiumulus. Mother Market appears to have been bought and paid for by the democrats.
7
posted on
04/18/2009 3:37:26 AM PDT
by
momincombatboots
(The last experience of the sinner is the horrible enslavement of the freedom he desired. -C.S. Lewis)
To: Red Dog #1
8
posted on
04/18/2009 3:38:30 AM PDT
by
philman_36
(Pride breakfasted with plenty, dined with poverty, and supped with infamy. Benjamin Franklin)
To: theymakemesick
9
posted on
04/18/2009 3:39:39 AM PDT
by
philman_36
(Pride breakfasted with plenty, dined with poverty, and supped with infamy. Benjamin Franklin)
To: theymakemesick
Hmmm. Wasted resources should be used, not fresh corn. Thanks for doing the math.
10
posted on
04/18/2009 3:39:53 AM PDT
by
Big Giant Head
(I should change my tagline to "Big Giant penguin on my Head")
To: D-fendr
but politicians can sure fool the foolish public!
11
posted on
04/18/2009 3:44:26 AM PDT
by
junkman_106
(The ACLU can have arial intercourse with a rotating glazed pastry!)
To: Red Dog #1
The entire ethanol debacle is a great case example to illustrate the folly of government intervention in the free markets. ...and the iron law of unintended consequences.
12
posted on
04/18/2009 3:45:30 AM PDT
by
Lonesome in Massachussets
(The age of 0bama: the transient ischemic delusions of adequacy decade.)
To: momincombatboots
I have to further disagree. Bail outs are government intervention and interference in markets.
Fannie and Freddie would never have gotten so awful if their debt did not come with implicit taxpayer backing. When we, the people, elected these awful buffoons in Congress over the past decades, we signed up for the bail outs.
13
posted on
04/18/2009 3:51:30 AM PDT
by
Lonesome in Massachussets
(The age of 0bama: the transient ischemic delusions of adequacy decade.)
To: Scanian
If ethanol was so great it would require no subsidies of any sort, just like with gasoline.
14
posted on
04/18/2009 4:02:48 AM PDT
by
pnh102
(Save America - Ban Ethanol Now!)
To: theymakemesick
22 bushels of corn to produce 1 gallon of ethanol,corn juice not a good idea.
15
posted on
04/18/2009 4:09:31 AM PDT
by
Vaduz
To: Scanian
And the Ethanol scam is a drop in the bucket compared to the man made global warming scam. The loss of wealth is going to be staggering.
16
posted on
04/18/2009 4:12:43 AM PDT
by
DB
To: Scanian
Rush always says, "follow the money" Click for more information...
17
posted on
04/18/2009 4:18:06 AM PDT
by
WVKayaker
( God said, 'Cancel Program GENESIS.' The universe ceased to exist.- Arth. C. Clarke's shortest story)
To: Scanian
Ledt out by bad html...
... At least 43 percent of ADM's annual profits are from products heavily subsidized or protected by the American government. Moreover, every $1 of profits earned by ADM's corn sweetener operation costs consumers $10, and every $1 of profits earned by its ethanol operation costs taxpayers $30
18
posted on
04/18/2009 4:19:47 AM PDT
by
WVKayaker
( God said, 'Cancel Program GENESIS.' The universe ceased to exist.- Arth. C. Clarke's shortest story)
To: WVKayaker
Iowa voted for Obama, right?
Well they got what they paid for. 4000 lost jobs, higher food and fuel bills and in the end the investors of the bankrupt company probably got bailed out.
Happy Iowa?
19
posted on
04/18/2009 4:37:53 AM PDT
by
EQAndyBuzz
(I am a right wing extremist. God Bless America)
To: EQAndyBuzz
"Happy Iowa?"
Didn't Iowa just receive the gift of happy marriages?
20
posted on
04/18/2009 4:50:30 AM PDT
by
Paladin2
(Big Ears + Big Spending --> BigEarMarx, the man behind TOTUS)
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