Thursday, October 11, 2007

Ethanol's Once Seductive Appeal Starts to Fade

From today's WSJ article "Ethanol Industry Is Losing Clout":

Opposition to the ethanol industry's goals has grown significantly stiffer, and even groups that were originally sympathetic to ethanol are drifting away.

The so-called barnyard lobby -- representing the meat, livestock and poultry industries -- says high corn prices are hurting its profits. The price of corn-based animal feed has increased about 60% since 2005, according to the U.S. Department of Agriculture.

"Our single biggest priority is for Congress to reject a new renewable-fuels mandate," says Jesse Sevcik, vice president of legislative affairs at the American Meat Institute, a meat and poultry trade association.

Some environmentalists say unchecked growth in ethanol production could lead to soil erosion and degradation of wildlife habitats as more land is turned over to corn production.

The spreading coalition against new ethanol mandates includes the American Petroleum Institute, representing the oil industry. It says it supports ethanol but prefers a market-driven approach, rather than one driven by the government.

"Many policy makers were seduced by ethanol," says Cal Dooley, president of the Grocery Manufacturers Association. He opposes increasing federal support for ethanol.


MP: Saying politicians were "seduced" might be a polite way of saying they were "duped?" When you have environmentalists on the same side of an issue as the American Petroleum Institute, you know that ethanol is indeed "dangerous, delusional bullshit," as Rollingstone magazine said
in its article "Ethanol Scam: Ethanol Hurts the Environment And Is One of America's Biggest Political Boondoggles." Further, you also know that something's wrong with ethanol when you have the NY Times, Rollingstone, and LA Times agreeing with the Wall Street Journal and Investor's Business Daily that ethanol is a scam.

3 Comments:

At 10/11/2007 8:48 AM, Anonymous Anonymous said...

Ethanol, as subsidized by the present administration, was never intended to be a cost effective fuel.

Ethanol was always intended to increase the price of corn (notice happy farmers), to use more energy than it produces (notice happy oil companies) and sour the publics taste for alternative energy in favor of traditional energy sources like coal, oil, natural gas and "nuklear."

Ethanol boosted the economy and the American psyche when it was needed most as the housing market suffered a massive downturn the magnitude of which has not been seen in decades.

The ethanol program has done what it was supposed to do.

Whiners!

 
At 10/12/2007 2:20 AM, Anonymous Anonymous said...

anonymous, your comment was the most illogical, disjointed BS that I've read lately. You are stuck on the tropes of the "progressives" in the US.

You say, "Ethanol boosted the economy..." but the reality that the "boost only affected ethanol and grain producers. Consumers of corn and corn exporters were hurt by the run-up in the futures and spot markets. Couple that with a weakening US dollar, and it makes for a potential Titanic. The net effect is negative, contrary to your assertion.

I see where you're going with your pablum, though. In your brainstem of a simple mind, you think that BushCheneyHalliburtonCo. are manipulating the global oil markets for increased profits. LO-effing-L. This ignorance of how world petroleum markets operate illustrates how sophomoric morons like you get righteously indignant over short-term spikes in oil prices.

How do you reconcile your absolute contempt for Bush&Co with your conveyance of almost-magical powers to the president and his supposed-minions? He can't be a total idiot (as you leftards posit) and a complete idiot concurrently.

In sum total, you and your ilk are intellectual poseurs, putting forth tripe that you fervently hope somebody will pay some attention to. The good news: Lots of asshats exactly like you _will_ robotically repeat the hateful memes as if they represent the facts. The bad news:
You are incontrovertibly wrong, incorrect, and delusional. You are tilting at windmills that will tilt at you back...and win. Idiot.

skh.pcola

 
At 10/12/2007 2:26 AM, Anonymous Anonymous said...

"He can't be a total idiot (as you leftards posit) and a complete idiot concurrently."

Should read

"He can't be a total idiot (as you leftards posit) and the Supreme Grandmaster of Scheming, in the History of EVAR!!! concurrently."

I blame the Schlitz Malt Likker Bull. Or George W. Bush IV. They both ride unicorns and have majikal powers. [spelling and composition genie +23]

skh.pcola

 

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