Stuff

Essentials

  • Activity

    November 2010
    S M T W T F S
    « Oct   Dec »
     123456
    78910111213
    14151617181920
    21222324252627
    282930  
  • Thumbed Up Love

  • Save the Puppies

    teh puppyblender
  • Corporate

  • Remember

  • Archives

  • Categories

  • Meta

Yeah, NOW He Tells Us….

It’ll be interesting to see if any American media outlets, other than Drudge, pick up on this; I’d place the odds at roughly a billion to one….

U.S. corn ethanol was not a good policy-Gore:

ATHENS, Nov 22 (Reuters) – Former U.S. vice-president Al Gore said support for corn-based ethanol in the United States was “not a good policy”, weeks before tax credits are up for renewal.

U.S. blending tax breaks for ethanol make it profitable for refiners to use the fuel even when it is more expensive than gasoline. The credits are up for renewal on Dec. 31.

Total U.S. ethanol subsidies reached $7.7 billion last year according to the International Energy Industry, which said biofuels worldwide received more subsidies than any other form of renewable energy.

“It is not a good policy to have these massive subsidies for (U.S.) first generation ethanol,” said Gore, speaking at a green energy business conference in Athens sponsored by Marfin Popular Bank.

“First generation ethanol I think was a mistake. The energy conversion ratios are at best very small.

“It’s hard once such a programme is put in place to deal with the lobbies that keep it going.”

He explained his own support for the original programme on his presidential ambitions.

“One of the reasons I made that mistake is that I paid particular attention to the farmers in my home state of Tennessee, and I had a certain fondness for the farmers in the state of Iowa because I was about to run for president.”

Tip o’ the cap to Newsbusters, who also reminds readers that Manbearpig’s nemesis was the tie-breaker when the Senate decided using food for fuel was a really neat–read: “politically driven”–idea back in 1994. So neat, they made it a government mandate.

Excelsior!


Enhanced by Zemanta
Print Friendly, PDF & Email

There are 3 comments

Comments are closed.

Other Stuff

Search

Advertisment ad adsense adlogger