Originally posted by Angus
So, Eagle,- the ethanol production is basically a business-related issue as I understand it. Doesn't surprize me, - not the first time that short-term business related issues override long-term common sense.
The provision of fuel to consumers for transportation is a business, whether it is gasoline, diesel fuel, jet fuel, or biofuels like ethanol. The main question for me is who I do the business with - American farmers or middle eastern / south american dictators. I don't blame the farmers for seeing a business opportunity in being ethanol providers, after all - it is their corn, and I don't remember many people crying for the farmers when the price of corn was too low for them to make any money on it.
The long term common sense is that we have to get off oil - for a variety of reasons, not the least of which is that we are giving vast amounts of money to some not very nice people. The vast wealth we are transferring to the Russians, Saudis, Iranians, Venezuelans, etc. is being used against us, and it is high time we did something about it.
I'm thinking I can trust the farmers to figure out the best business model for the biofuels industry, whether it be soybeans for biodiesel, or switch grass based ethanol, or some kind of genetically engineered corn that makes gobs of sugar for more efficient conversion - they'll figure it out. In the meantime, I'm OK with giving the industry some tax breaks (especially since I am of the opinion that we pay plenty of taxes already), especially if it helps fund the research to make it all work more efficiently.
EagleDNY
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