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Biofuels are ruining the Economy
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Viking69 Send message Joined: 13 Oct 02 Posts: 26 Credit: 4,035,409 RAC: 12 |
Hydrogen seems like less of a viable option due to the sheer volume of it that it would take to get equal distance from the vehicle as a tank of gas. LEARN MORE NOW ABOUT HYDROGEN Crunch! Crunch! Crunch! |
John McLeod VII Send message Joined: 15 Jul 99 Posts: 24806 Credit: 790,712 RAC: 0 |
Talk about hoisting with your own petard! It was the push for biofuels that created the food shortages that kicked prices off into the stratosphere. And now that the inevitable shortages have created the inevitable price increases, the biofuel companies go out of business and leave the rest of us to pay for the mess they made by NOT THINKING THIS THING ALL THE WAY THROUGH! This is even simpler than government meddling, it is called supply and demand. The supply of corn is tight because the demand is increasing beyond the ability of the producers to produce. BOINC WIKI |
MrGray Send message Joined: 17 Aug 05 Posts: 3170 Credit: 60,411 RAC: 0 |
Jack Nicholson's Hydrogen Car (1978) Anticipating the Green Wave by almost 30 years, Jack gets rid of gas car. http://www.youtube.com/watch?v=TjfONpsFvyM "Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind." - Dr. Seuss |
[B^S] Astral Walker Send message Joined: 5 Mar 01 Posts: 5 Credit: 3,227,192 RAC: 0 |
I posted this on a related thread : I don't think the euro was ever that cheap (close though). And it hasn't been less than a dollar in over 5 years. From the end of 1995 throught the 1st 6 months of 2008, the euro has gained about 33% on the dollar which is about 12% per year. If the dollar's woes had any role in fuel prices, it isn't that much. |
Dominique Send message Joined: 3 Mar 05 Posts: 1628 Credit: 74,745 RAC: 0 |
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MrGray Send message Joined: 17 Aug 05 Posts: 3170 Credit: 60,411 RAC: 0 |
http://www.bizjournals.com/sanantonio/stories/2008/08/04/daily36.html EPA denies Perry’s request to cut federal ethanol mandate The U.S. Environmental Protection Agency on Thursday denied a request by Texas Gov. Rick Perry to cut the federal ethanol mandate from 9 billion gallons to 4.5 billion gallons. Perry submitted the request in late April, claiming the Renewable Fuel Standard was pushing up corn and other food prices. Under federal law, the EPA could have lifted the mandate in the event that the rule caused severe economic harm. Predictably, biodiesel producers across the country, which have come under fire lately for removing corn from the food supply and subsequently sending related food prices higher and higher, reacted favorably to the decision. “We appreciate the EPA taking a careful approach to the waiver request and agree with their determination that it should be denied,†National Biodiesel Board Chief Executive Officer Joe Jobe says. Others in the food and beverage and livestock lobbies were considerably less enthusiastic. “We are deeply disappointed that EPA has failed to recognize the very clear signs that the food-to-fuel policy is causing severe harm to the economy,†says George Watts, president of the National Chicken Council. Chicken prices have skyrocketed in recent months, as well as other livestock that eat corn-based feeds. “It is outrageous that the federal government continues to require and even to subsidize the diversion of corn from the food supply into the fuel supply,†Watts says. Joel Brandenberger, president of the National Turkey Federation, says turkey producers have seen feed costs rise more than $1 billion over the last two years. “Gov. Perry recognized that a near tripling of feed prices would cost Texas livestock and poultry farmers greatly, put meat industry employees out of jobs and strain Texans’ wallets,†says Jesse Sevcik, vice president for legislative affairs for the American Meat Institute. “The same is true across America and unfortunately the decision by the EPA today ensures that this will continue to be the case unless Congress acts to restructure the ethanol mandates, taxes and tariffs.†Sevcik said a third of America’s corn crop goes toward ethanol production. “The Bush administration has missed a chance to immediately reduce food prices and, more importantly, to avoid the certainty of much higher food prices in 2009,†says Scott Faber, vice president for federal affairs for the Grocery Manufacturers Association. “Congress and the next administration must immediately restructure our food to fuel policies if we want to avoid runaway food inflation for many years to come.†In a release issued Thursday, the American Meat Institute cited a study from a former chief economist with the USDA that predicted a 23 percent to 35 percent rise in retail food prices above normal increases over the next two to three years if biofuel policies are left in place. "Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind." - Dr. Seuss |
Urs Echternacht Send message Joined: 15 May 99 Posts: 692 Credit: 135,197,781 RAC: 211 |
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