There has been a lot of noise in Congress lately about regulating the O&G industry, and crticism of O&G executives for their profits. Many think we should end subsidies to this industry, also. Democrats think we should be able to control speculators, sue foreign countries that create monopolies, and limit production to save the environment. Why just O&G?
Let's look at some numbers from the Ethanol industry. This is the most highly subsidized industry in the country, with the bulk of the(bi-partisan, in all fairness) 300 Billion $$$ Farm Bill going to producers of corn for ethanol production, while corn is selling at an all-time high, with no relief in sight. Bush threatened to veto, but once again, special interests won out.
George Soros is the single largest individual investor in this ethanol industry. Will he be facing Congress and gov't controls any time soon? Will subsidies to corn farmers be questioned? Why aren't environmentalists screaming about the 750,000 acres of Brazilian rainforest being lost every 6 months due to ethanol production? Or the world-wide food shortage attributed to using corn for fuel instead of food? Or rising food prices in this country?
Rules for some and rules for others, I suppose, because rich executives are bad and rich land owners are good. Right?
THE ETHANOL REPORT 2007 v. 2008
Year Ago This Week Difference
Ethanol ($/gal)
Iowa $1.94 $2.73 40.46%
Neb. $1.96 $2.67 36.22%
S.D. $1.92 $2.65 38.38%
Corn ($/bu)
Iowa $3.24 $6.30 94.29%
Neb. $3.59 $6.43 79.11%
S.D. $3.30 $6.31 91.06%
Distillers Grains ($/ton)
10% Moisture
Iowa $95.00 $197.50 107.89%
Neb. n/data $195.00
no data
S.D. $95.00 $187.50 97.37%
65% Moisture
Iowa $36.88 $68.75 86.44%
Neb. $47.00 $71.00 51.06%
S.D. $30.00 $58.00 93.33%
Source: AMS/USDA
| Member Comments | Total Comments: 15 |
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marilyn37
Jul 14, 2008 | 7:31 PM |
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Raysmom
Jul 14, 2008 | 8:17 PM |
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marilyn37
Jul 14, 2008 | 9:07 PM |
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toadie800
Jul 15, 2008 | 10:51 PM |
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marilyn37
Jul 16, 2008 | 12:02 AM |
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Raysmom
Jul 16, 2008 | 12:09 AM |
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toadie800
Jul 17, 2008 | 9:05 PM |
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jteamaz
Jul 17, 2008 | 11:23 PM |
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jteamaz
Jul 17, 2008 | 11:30 PM |
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toadie800
Jul 17, 2008 | 11:31 PM |
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jteamaz
Jul 17, 2008 | 11:35 PM |
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jteamaz
Jul 17, 2008 | 11:39 PM |
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toadie800
Jul 19, 2008 | 12:05 AM |
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Raysmom
Jul 19, 2008 | 10:08 AM |
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marilyn37
Jul 28, 2008 | 11:07 PM |
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People are just about as happy as they make up their minds to be. Abraham Lincoln
Member Since: 10/17/2007