| Subject: Re: Here's some info re the susidies that go to ethanol. |
Author:
Duncan7
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Date Posted: 15:02:46 10/28/07 Sun
In reply to:
Curmudgeon
's message, "Here's some info re the susidies that go to ethanol." on 10:45:17 10/28/07 Sun
I guess I would have to evaluate the overall budget effect of the subsidy, Here in indiana there is alot of activity in the farming communities concerning E-85. There are other concerns over just the manufacturing costs. These subsidies also seem to be effecting other sectors in a positive way. It should be looked at overall rather then just cost applied to Ethanol production.
>"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
>target=_blank
>href="http://www.cato.org/pub_display.php?pub_id=7308">
>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/intern
>a
>>t
>>>i
>>>>onal/i140436D32.DTL
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