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Raysmom's Blog

by Raysmom from Golden

Last Post 4 days, 19 hours Ago


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

 

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Member Comments Total Comments: 15
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marilyn37 read my blog view my photos
Jul 14, 2008 | 7:31 PM

thank you. very good information. its simply thrilling to know where george soros stands in all this! perhaps move on dot org has an ethanol ad on their home page...hummmm!

do you have an ethanol store in your town and do you use its product?

Raysmom read my blog view my photos
Jul 14, 2008 | 8:17 PM

Hi, Marilyn! You know, there's a station in Wheat Ridge that all of it's gas is a percentage of ethanol- I have probably used it a couple of times in the last decade.

I am not against bio-fuels entirely, especially bio-diesel from cattle by-products- cattle eat anything, and ranchers are great recyclers of food waste. It's just the hypocrisy and ignorance of markets that he left shows that bothers me the most.

Do you use ethanol? Can all cars even use it?

marilyn37 read my blog view my photos
Jul 14, 2008 | 9:07 PM

i have never even seen an ethanol store....yes they are hypocrites in every nook and cranny of their little lives.

we will see if they treat this huge new industry as they do others big ones....yours was a good question.

toadie800 read my blog view my photos
Jul 15, 2008 | 10:51 PM

anything george sorros is involved in is a reason to not participate in.

marilyn37 read my blog view my photos
Jul 16, 2008 | 12:02 AM

he is worrisome. he was on fbi most wanted list for a while for drug money laundering - where there is smoke .....

Raysmom read my blog view my photos
Jul 16, 2008 | 12:09 AM

I posted this on the message board, but it's worth repeating:

“The road to truth is long, and lined the entire way with annoying bastards.” Alexander Jablokov

roadsassy.com

Soros is persona non grata in France- now if you're too corrupt for the French- THAT'S BAD!

toadie800 read my blog view my photos
Jul 17, 2008 | 9:05 PM

he should at least be behind bars.

jteamaz read my blog
Jul 17, 2008 | 11:23 PM

Ethanol has been called "a crime against humanity" for a number of reasons. Consider these little tidbits of fact for those who claim Ethanol is such a good deal....for anyone.

One of the many mandates of the Energy Policy Act of 2005 calls for oil companies to increase the amount of ethanol mixed with gasoline. President Bush told us in the 2006 State of the Union address, "America is addicted to oil, which is often imported from unstable parts of the world." Here are some of the "wonders" of Ethanol as a replacement for gasoline.

cont.

jteamaz read my blog
Jul 17, 2008 | 11:30 PM

Ethanol contains water that distillation cannot remove. As such, it can cause major damage to auto engines not specifically designed to burn ethanol. The water content of ethanol also risks pipeline corrosion and must be shipped by truck, rail car or barge. These shipping methods are far more expensive than pipelines.

Ethanol is 20% to 30% less efficient than gasoline, making it more expensive per highway mile. It takes 450 lbs. of corn to produce the ethanol to fill one SUV tank. That's enough corn to feed 1 person for a year. Additionally, it takes more than 1 gallon of fossil fuel -- oil and natural gas -- to produce 1 gallon of ethanol. Corn must be grown, fertilized, harvested and trucked to ethanol producers -- all of which are fuel burning activities. And, it takes 1,700 gallons of water to produce 1 gallon of ethanol. On top of all this, if our total corn output were put to ethanol production, it would reduce gasoline consumption by only 10% or 12%.

Ethanol is costly it wouldn't survive in a free market. That's why Congress enacted major ethanol subsidies, about $1.05 to $1.38 a gallon, which is no less than a tax on consumers. In fact, there's a double tax -- one in the form of ethanol subsidies and another in the form of handouts to corn farmers to the tune of $9.5 billion in 2005 alone.

cont.

toadie800 read my blog view my photos
Jul 17, 2008 | 11:31 PM

it does not make sense why we are burning our food.

jteamaz read my blog
Jul 17, 2008 | 11:35 PM

But there's more wrong with this picture. If Congress and President Bush say we need less reliance on oil and greater use of renewable fuels, then why would Congress impose a stiff tariff, 54 cents a gallon, on ethanol from Brazil? Brazilian ethanol is produced from sugar cane and is far more energy efficient, cleaner and much cheaper to produce. Ethanol production has driven up the prices of corn-fed livestock, such as beef, chicken and dairy products, and products made from corn, such as cereals. As a result of higher demand for corn, other grain prices, such as soybean and wheat have risen dramatically. The fact that the U.S. is the world's largest grain producer and exporter means that the ethanol-induced higher grain prices will have a continued effect on worldwide food prices.

It's easy to understand how the general public looking for cheaper gas could be taken in by the call for increased ethanol usage. But politicians, corn farmers and ethanol producers know they are running a cruel hoax on the American consumer. They're in it strictly for the money. The top leader in this hoax is Archer Daniels Midland (ADM), the country's largest producer of ethanol. Ethanol producers and the farm lobby have pressured farm state congressmen into believing that it would be political suicide if they didn't support subsidized ethanol production. That's the stick. Campaign contributions play the role of the carrot.

cont.

jteamaz read my blog
Jul 17, 2008 | 11:39 PM

The ethanol hoax is a good example of a problem economists refer to as narrow, well-defined benefits versus widely dispersed costs. It pays the ethanol lobby to organize and collect money to grease the palms of politicians willing to do their bidding because there's a large benefit for them -- higher wages and profits. The millions of gasoline consumers, who fund the benefits through higher fuel and food prices, as well as taxes, are relatively uninformed and have little clout. After all, who do you think a politician will invite into his congressional or White House office to have a heart-to-heart -- you or an ADM executive ?

What's more interesting is that I posted this on our local Fox website (Phoenix) and they refused to post it -- three separate times......

Ethanol isn't the answer.....it's one of the largest consumer ripoffs in the history of this country.

toadie800 read my blog view my photos
Jul 19, 2008 | 12:05 AM

yup

Raysmom read my blog view my photos
Jul 19, 2008 | 10:08 AM

jteamaz- wow- great posts- thanks so much for contributing to my blog! I knew some of the evils of corn ethanol, but you really have the info!

Yes, ethanol is a complete boondoggle. That's so wierd that Phoenix rejects sharing this info? Why, do you think? Even Time Magazine had a front page on the ethanol lie!

Cute moniker, BTW.

marilyn37 read my blog view my photos
Jul 28, 2008 | 11:07 PM

sunflowers are not basic food and that is what newly cultivated land around 4 corners area is growing and turning making into ethanol...

some say teddy roosevelt when trying to set up antitrust laws and so forth caused heartburn to many who deliberately brought about a recession that eventually turned in to the great depression.

i need to go back and reread ... that topic came up early last year..but have slept since then...smile!

when the rich get upset by politicians aiming to help its citizens who get hurt.

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Raysmom

People are just about as happy as they make up their minds to be. Abraham Lincoln

Member Since: 10/17/2007