What's So Great About Ethanol?
I don't know how many years I have been hearing how great ethanol is as a gasoline additive. I mostly thought of it as a boon to farmers who raise corn and other crops that are converted into this form of alcohol. The energy bill, a mishmash of giveaways to all kinds of energy interests, mandated more use of ethanol and biodiesel. Then the President gave his State of the Union speech and talked about using woodchips and who knows what else to make it.
Ethanol has some significant incentives going for it. It receives a 51-cent-a-gallon federal subsidy. Biodiesel gets a $1-a-gallon federal tax credit. Politicians love ethanol, particularly if they are from farm states, but some farmers are not as thrilled. In the February issue of Wheat Life, a magazine published by the Washington Association of Wheat Growers, the president of the Association of Washington Business, Don C. Brunell, had some words of caution.
( Full story here )
Ethanol has some significant incentives going for it. It receives a 51-cent-a-gallon federal subsidy. Biodiesel gets a $1-a-gallon federal tax credit. Politicians love ethanol, particularly if they are from farm states, but some farmers are not as thrilled. In the February issue of Wheat Life, a magazine published by the Washington Association of Wheat Growers, the president of the Association of Washington Business, Don C. Brunell, had some words of caution.
( Full story here )
posted by Oil Shock at 2/26/2006 06:11:00 PM
1 Comments:
not so great but its a political diamond. when the politicians get their lip on something, hang on, or jump off. Personally I see nothing exciting about ethanol except it cost so much to produce so it might be a perfect govt. boondogle
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