Food Riots
Water Shortages
More Greenhouse Gases
Lower Fuel Economies
Fires
And this is the short list.....
See this great article by Deroy Murdock.
Global Food Riots
Showing posts with label ethanol. Show all posts
Showing posts with label ethanol. Show all posts
Wednesday, April 30, 2008
Wednesday, April 9, 2008
Ethanol is a Hoax Part 4
Even Paul Krugman at the NYT agrees ethanol is a joke that is no longer funny. People are going to starve so ADM can continue to profit at tax payer expense.
Grains Gone Wild
As long as Iowa is the first caucus, farm policy will always be to the detriment of the consumer and tax payer. This is obvious from the support all three candidates have for ethanol. Amazing that McCain changed his policy when he decided to run for President.
Grains Gone Wild
As long as Iowa is the first caucus, farm policy will always be to the detriment of the consumer and tax payer. This is obvious from the support all three candidates have for ethanol. Amazing that McCain changed his policy when he decided to run for President.
Saturday, March 29, 2008
Ethanol Hoax Part 3 of Many To Come
Even Time Magazine agrees ethanol is a hoax now.
The Clean Energy Scam
With the price of rice doubling, the world is about to get a lot more violent as people struggle to feed themselves while Greenies in the US fill up their flexfuel vehicles. Just one tank of corn-based ethanol uses enough grain to feed one person for an entire year (about 400 Bu).
This might be the only time in the last 45 years that Fidel Castro was right. Ethanol is the prime example of concentrated benefits (farmers) and diluted costs (consumers). The US Government will spend $8 Billion on the ethanol subsidy alone. That is about $110 per family in taxes, but tens of thousands to each farmer in the corn belt.
The Clean Energy Scam
With the price of rice doubling, the world is about to get a lot more violent as people struggle to feed themselves while Greenies in the US fill up their flexfuel vehicles. Just one tank of corn-based ethanol uses enough grain to feed one person for an entire year (about 400 Bu).
This might be the only time in the last 45 years that Fidel Castro was right. Ethanol is the prime example of concentrated benefits (farmers) and diluted costs (consumers). The US Government will spend $8 Billion on the ethanol subsidy alone. That is about $110 per family in taxes, but tens of thousands to each farmer in the corn belt.
Friday, March 21, 2008
Ethanol Is A Hoax, Part 3 of infininty
Even a liberal Cornell professor believes ethanol is a very poor choice for fuel...
Corn Can't Save Us
Corn Can't Save Us
Thursday, March 6, 2008
Ethanol, The Great Economic Hoax
Ethanol is a hoax and it time to stop it. Currently, ethanol enjoys a $0.51/gal subsidy from the US Government. That subsidy is paid to any refiner that blends ethanol into gasoline. So essentially, the government pays to have the cost of ethanol be $0.51/gal under its true market price.
Now the cost of ethanol does not end there. As a gasoline consumer, you also pay for it at the pump. Today that is about $3.09 per gallon. So for those keeping score at home, that is paying for ethanol twice. However, the cost does not end there. The US Government also supports the price of corn to the tune of over $38 Billion from 1995-2005. That is $127 for every citizen of the US. So that totals three ways you pay for ethanol. Now the payment does not even end there. Since corn is part of the food supply, it also drives up the cost of food when corn is used for fuel.
Currently, corn is trading hands for about $5.50/bushel. Before ethanol mandates, it was trading for about $2.50. In three years the price has over doubled, but that is not the end of it. Because farmers are planting more corn (meaning more acres), there is now less wheat, soy beans and other crops being planted. That means there is actually less supply of those other grains which is driving their price up. Wheat was trading for over $14/bushel today while soy beans are $14.58/bushel. Historically, these grains have sold for about $3-4/ bushel and $7/bushel. Again, tremendous increases in price.
Now these higher prices are driving the price of bread and anything made with wheat (cereal, crackers, gold fish) much higher as are soy products. Now the corn price increase is also driving up the cost of feed grains for meat producing animals. It now costs twice as much to feed chickens, turkeys, pigs, and cattle causing huge price increases for meat. So grain prices are drastically raising the price for food that Americans are trying feed their families.
Now the funny thing about ethanol is that is not a good fuel. It only has about 2/3 the energy content of gasoline per gallon so it drives fuel economy (MPG) down. Furthermore, studies show that is takes about as much energy to make ethanol as it produces as a fuel. This means it is doing nothing to eliminate our dependence of foreign oil since we have to burn diesel to grow the crops and harvest the crops that make ethanol. Another alarming issue is the massive use of water that ethanol production requires. Of course these plants sit no where near good water sources, so the are taking a massive toll on the underground aquifers. This is be a tax that future generations will pay when irrigation and drinking water wells are dry.
Ethanol is a hoax that is being perpetrated by the farm lobby and companies like ADM. A Cato Institute study showed that nearly 40% of ADM's earnings come from government subsidies and a good portion of that is from ethanol. While Americans have a soft spot for farmers, it is time to wake up and stop this madness as it is putting a huge burden on the consumer. If ethanol was a good product, it would stand on its own two feet without government help. Let consumers and the market decide if it is a good fuel, not the government.
Write your congressmen and let them know your feelings about the Ethanol Hoax. If you don't, these politicians will continue to placate the farm lobby and Americans will continue to pay and pay and pay and pay for ethanol.
Now the cost of ethanol does not end there. As a gasoline consumer, you also pay for it at the pump. Today that is about $3.09 per gallon. So for those keeping score at home, that is paying for ethanol twice. However, the cost does not end there. The US Government also supports the price of corn to the tune of over $38 Billion from 1995-2005. That is $127 for every citizen of the US. So that totals three ways you pay for ethanol. Now the payment does not even end there. Since corn is part of the food supply, it also drives up the cost of food when corn is used for fuel.
Currently, corn is trading hands for about $5.50/bushel. Before ethanol mandates, it was trading for about $2.50. In three years the price has over doubled, but that is not the end of it. Because farmers are planting more corn (meaning more acres), there is now less wheat, soy beans and other crops being planted. That means there is actually less supply of those other grains which is driving their price up. Wheat was trading for over $14/bushel today while soy beans are $14.58/bushel. Historically, these grains have sold for about $3-4/ bushel and $7/bushel. Again, tremendous increases in price.
Now these higher prices are driving the price of bread and anything made with wheat (cereal, crackers, gold fish) much higher as are soy products. Now the corn price increase is also driving up the cost of feed grains for meat producing animals. It now costs twice as much to feed chickens, turkeys, pigs, and cattle causing huge price increases for meat. So grain prices are drastically raising the price for food that Americans are trying feed their families.
Now the funny thing about ethanol is that is not a good fuel. It only has about 2/3 the energy content of gasoline per gallon so it drives fuel economy (MPG) down. Furthermore, studies show that is takes about as much energy to make ethanol as it produces as a fuel. This means it is doing nothing to eliminate our dependence of foreign oil since we have to burn diesel to grow the crops and harvest the crops that make ethanol. Another alarming issue is the massive use of water that ethanol production requires. Of course these plants sit no where near good water sources, so the are taking a massive toll on the underground aquifers. This is be a tax that future generations will pay when irrigation and drinking water wells are dry.
Ethanol is a hoax that is being perpetrated by the farm lobby and companies like ADM. A Cato Institute study showed that nearly 40% of ADM's earnings come from government subsidies and a good portion of that is from ethanol. While Americans have a soft spot for farmers, it is time to wake up and stop this madness as it is putting a huge burden on the consumer. If ethanol was a good product, it would stand on its own two feet without government help. Let consumers and the market decide if it is a good fuel, not the government.
Write your congressmen and let them know your feelings about the Ethanol Hoax. If you don't, these politicians will continue to placate the farm lobby and Americans will continue to pay and pay and pay and pay for ethanol.
Subscribe to:
Posts (Atom)
