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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: John Carragher who wrote (26484)10/20/2003 12:35:04 PM
From: Webster Groves  Read Replies (2) of 206297
 
Of course ethanol is subsidized, but so is oil.
When you add in the cost of aircraft carriers, mid-east overseas bases, troop deployments, another 87 billion here or there, I would say that mid-east oil is also subsidized.

The good thing about ethanol is that it is a domestic source of energy - including the fertilizer. Keeps the dollars circulating in the USA, and indirectly reduces our balance of payments deficit. Of course when we start to run out of NG, as LNG imports now would suggest, we are not much further towards energy independence, but not as bad as relying on oil exclusively.

-wg
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