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Congress Actually Ends Taxpayer Funding Of Ethanol Subsidies

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  #1  
Old 12-28-2011, 06:33 AM
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Default Congress Actually Ends Taxpayer Funding Of Ethanol Subsidies

Hurray! Now all we have to do is get rid of ethanol mandates.

http://www.greencarreports.com/news/...anol-subsidies
 
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Old 12-28-2011, 06:57 AM
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Good info...thanks for sharing....I'm with you on this!!! I'm glad to see some progress in the right direction.
 
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Old 12-28-2011, 07:46 AM
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A step in the right direction. Thanks for keeping us in the loop!
 
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Old 12-28-2011, 08:17 AM
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If this means that the stuff will go away, then good. Corn Ethanol is bad science.
 
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Old 12-28-2011, 08:54 AM
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Originally Posted by NDBadlands4-2
If this means that the stuff will go away, then good. Corn Ethanol is bad science.
Its not going away, just the subsidy. So the federal government wont be borrowing money to support ethanol. But until the mandate goes away, it will still be shoved down our throats and gas tanks.

Any ethanol (not just corn) is bad, period. From this link http://biggovernment.com/tag/ethanol-mandate/

"The driving force behind U.S. ethanol consumption is the Renewable Fuel Standard (RFS), otherwise known as the ethanol mandate, which was established with the enactment of the Energy Policy Act of 2005.The RFS mandated that a minimum of 4 billion gallons of renewable fuels be used in 2006 and that Americans consume at least 7.5 billion gallons by 2012. Two years later, in the midst of the 2008 campaign cycle, Congress passed the Energy Independence and Security Act of 2007 greatly expanding the RFS mandate. Americans now must consume 36 billion gallons of “renewable fuels” annually by 2022—15 billion gallons of which will be corn ethanol."
 
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Old 12-28-2011, 09:43 AM
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so make a push for more biodiesel in the shipping industry and production pickups and bye bye ethanol
 
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Old 12-28-2011, 09:51 AM
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It's about time! One subsidy down and one million to go......SJ Ron
 
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Old 12-28-2011, 09:53 AM
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Great. Now let's get rid of those mandates.
 
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Old 12-28-2011, 10:37 AM
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That's great news...
 
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Old 12-28-2011, 10:44 AM
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........ there's gonna be a lot'a pissed off corn farmers out there who expanded production to supply the mkt, only to have the regulatory rug pulled out from under them after they've fully committed.
....... when gov't intervenes to manipulate a market, insiders profit while somebody else always gets burnt.
 


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