I don't like wasteful government programs and I have a good grasp of economics and physics. What's your problem?
You work for the Grocers Alliance,
No.
That tax credit wasn’t the idea of farmers here.
What was the idea of farmers there? The ethanol mandates?
And my math is ok, as the savings is actually higher, over the 100 billion a year than the round figure I gave...
Show me.
The ethanol mandates put up to 10% now into fuel
as it is an oxygen carrier which aids in cleaner burn
and less harmful smog type emissions. 40 years ago I
couldn’t drive in Detroit without my asthma going crazy.
Now the air there is nearly as clean as here in outstate
MI. All my V8s burn cleaner, run better,
get same or better milage on 10% mix.
If gas was as high as diesel, like years ago,
the 50 cents or more per gallon difference added on the
approximate 250 billion gallons pump gas used yearly
would add 125 billion to come out of consumers
pockets. Fair trade for a tax credit of 5 billion.
That is tax credit, not money paid out like bailouts,
child EIC payments,etc.
Just the fact that there are tankcars that set waiting to
add to supply helps keep prices down. If we had all offshore fields going, had all coal shale going, had
oil/gas lines from Alaska to here—— the pressure on
prices would give us 69 cent gas. Ethanol is one little
factor that helps..........But that is the
problem for the financial , big wall street sectors
is energy has to be thought of in short supply, as
that drives prices crazy,which drives all other prices
and business up, thus increasing credit/money supply.
So they conjure up the ethanol demon, knowing most are
small guys , most are farm co-op owned, and most are
rural and if shafted don’t affect wallstreet minions.
Those making money pushing the funny paper around
to rip us off....Like speculators.Ed