April 14, 2017

Ethanol and Mohair

You'd think the left and right might come together to oppose ethanol subsidies. You'd -- of course -- be wrong, but you'd think...

Ethanol per se is not the problem, however; Washington's lack of common sense is the problem.

For decades now, ever since the Arab oil embargo of 1973-74, U.S. policymakers have been preoccupied with oil scarcity. That, along with environmental concerns, is what led to the renewable fuels mandate, which triggered huge increases in corn production at the expense of other crops and prairie grasslands.

Currently, roughly half of the entire U.S. corn crop -- which topped more than 15 billion bushels last year, according to the U.S. Department of Agriculture -- winds up in biofuels.
The trouble is this: When prairie is plowed under to grow corn it becomes a barren landscape. Without the grasses, the environment supports little wildlife. With the grasses, it is home to ducks, pheasants and some 800 other varieties of birds, as well as monarch butterflies and honey bees. -- IBD Politics

Well, if we're going to have multi-decadal global depression because of tariffs, we might as well have a Dust Bowl too.

Oil and Energy Posted by John Kranz at April 14, 2017 6:25 PM

I blame NASCAR. (Well, not really, but they have been duped along with the rest of the marketing public.)

Maybe it will take some special interest group accusing them of helping to "destroy the habitat of ducks, pheasants, and some 800 other varieties of birds, as well as monarch butterflies and honey bees." Then they can return to 100% petrol, instead of 85%.

Posted by: johngalt at April 15, 2017 3:15 PM

NASCAR Retards...

Posted by: Jk at April 15, 2017 5:09 PM | What do you think? [2]