| Subject: Here's some info re the susidies that go to ethanol. |
Author:
Curmudgeon
|
[
Next Thread |
Previous Thread |
Next Message |
Previous Message
]
Date Posted: 10:45:17 10/28/07 Sun
In reply to:
Duncan7
's message, "Re: First thing I've heard form the UN that makes any sense." on 08:47:55 10/28/07 Sun
"Ethanol is economically competitive now. According to a 2005 report issued by the Agriculture Department, corn ethanol costs an average of $2.53 to produce, or several times what it costs to produce a gallon of gasoline. Without the subsidies, costs would be higher still. A study last fall from the International Institute for Sustainable Development found that ethanol subsidies amount to $1.05-$1.38 per gallon, or 42 percent to 55 percent of ethanol's wholesale market price."
From a loinger article found at http://www.cato.org/pub_display.php?pub_id=7308
>Guess you'll have to define boondoggle. I pulled into
>a station yesterday to grab a gal of milk and E-85 was
>selling for $2.28 compared to $2.88 for 87 octane
>regular. That's not a bad savings.
>
>>Ethanol is without a doubt, the biggest boondoggle
>>ever to be foisted on the American people. It is
>>expensive form both a financial and an energy
>>standpoint, and when we have to burn ethanol-laced
>>gasoline during the winter months here in Missoula,
>>mileage drops about 10%. If it were not for ADM and
>>thier strangle hold on our pols of both parties,
>>ethanol wouldn't see the light of day.
>>
>>
>>>you can get the full story at the link. looks like
>>>biofuel is on the way out.
>>>
>>>A U.N. expert on Friday called the growing practice
>of
>>>converting food crops into biofuel "a crime against
>>>humanity," saying it is creating food shortages and
>>>price jumps that cause millions of poor people to go
>>>hungry.
>>>
>>>
>>>Jean Ziegler, who has been the United Nations'
>>>independent expert on the right to food since the
>>>position was established in 2000, called for a
>>>five-year moratorium on biofuel production to halt
>>>what he called a growing "catastrophe" for the poor.
>>>
>>>
>>>Scientific research is progressing very quickly, he
>>>said, "and in five years it will be possible to make
>>>biofuel and biodiesel from agricultural waste" rather
>>>than wheat, corn, sugar cane and other food crops.
>>>
>>>
>>>Using biofuel instead of gasoline in cars is
>generally
>>>considered to cut carbon dioxide emissions, which
>>>contribute to global warming, although some
>scientists
>>>say greenhouse gases released during the production
>of
>>>biofuel could offset those gains.
>>>
>>>
>>>The use of crops for biofuel has being pursued
>>>especially in Brazil and the United States.
>>>
>>>
>>>Last March, President Bush and Brazilian President
>>>Luiz Inacio Lula da Silva signed an agreement
>>>committing their countries to boosting ethanol
>>>production. They said increasing use of alternative
>>>fuels would lead to more jobs, a cleaner environment
>>>and greater independence from the whims of the oil
>>>market.
>>>
>>>
>>>href="http://www.sfgate.com/cgi-bin/article.cgi?f=/n/
>a
>>/
>>>2007/10/26/international/i140436D32.DTL">http://www.s
>f
>>g
>>>ate.com/cgi-bin/article.cgi?f=/n/a/2007/10/26/interna
>t
>>i
>>>onal/i140436D32.DTL
[
Next Thread |
Previous Thread |
Next Message |
Previous Message
]
| |
Feedback: 