Posted on 06/24/2018 6:25:17 AM PDT by rktman
People over 50 remember the OPEC oil embargoes and Americans waiting in line to buy gasoline. We were the most powerful nation the world. We had won World War II, rebuilt Europe and Japan. Yet, here we were begging some faceless Middle Eastern Sheiks for a few gallons so we could get to work. It was both frustrating and humiliating.
The answers we got from our political leadership were pathetic. Yes, they authorized farmers to start making ethanol and gave tax credits to the big refineries to get them to blend it. Congress created a Department of Energy to look for new sources of energy. They came up with some interesting ideas, but most of them were far too expensive. Americans were told to slow down, dial back on the thermostat and buy more sweaters. In short, the days of affordable energy were over and we would just have to get used to it.
Adding insult to injury, we were told that it was our fault.
(Excerpt) Read more at townhall.com ...
Ethanol remains a giant boondoggle, costing us billions for fuel that would work better without it. Thanks DOE.
I’ll contact the author and DEMAND he correct this grievous error right away. :-) But, thanks for the info in any case. Pretty sure most FReepers know we are NOT “EI”.
“Pretty sure most FReepers know we are NOT “EI”.”
Yet far too many love to and continue to post insinuations that we are “EI”.
Why? My belief? They are promoting clickbait.
I’ll settle for just plain old bait. So I can hang out the GONE FISHING sign. ;-)
I think it was part of the Energy Tax Act of 1978.
End all ethanol subsidies, thereby further lowering energy costs and super charge the economy.
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