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Reply #7: I'm opposed to ethanol use [View All]

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social_critic Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-21-10 01:34 PM
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7. I'm opposed to ethanol use
As long as it's heavily subsidized and we keep an import tariff on it so high, it's non-sense to import it. But...was can import all the oil we want. It would make more sense to tax oil imports and let ethanol from abroad in.

But all of this is baloney, it's meant to subsidize the corn ethanol industry - which has an incredibly powerful lobby led by Archer Daniels Midland Company.

Ethanol from corn is a crime - it only works because of subsidies, it doesn't really make that much green fuel (it takes a lot of oil to get the ethanol), and it drives food prices up in spikes - and this in turn is bad. Food prices can go up if they do so gradually, but this linkage between ethanol-corn and oil is killing the little guy in places like Mexico.
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