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Gold/Mining/Energy : XTHN X ethanol alternative energy
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To: SOROS who wrote (6)4/24/2006 1:59:05 AM
From: Whitetigr  Read Replies (1) of 13
 
I think that the oil co's are not happy with this at all but states like MN who have been doing this for a long time now love Ethanol. Big oil will need to change their business and buy ethanol producers. They don't want to and I can see why. From what I understand we're still subsidizing big oil anyway with reduced royalties at the taxpayers expense and they complain about giving tax breaks for ethanol. Sometimes I wonder why I don't see some of the links you gave complain that Big oil should not still be receiving incentives.

There has already been too much success with the ethanol ventures to simply dismiss it as some would like us to do. Of course there's always Brazil as an example. If it used more energy than it produces Brazil would have had to stay with oil and gas long ago.
mda.state.mn.us
me3.org

Besides, the MTBE that Ethanol is replacing at this point needs to be replaced. It will be quite a while until there is enough production to do more than just replace MTBE.

I find it tough to imagine that ethanol production would be any less efficient than what is produced from Canadian oil sands. At least with ethanol there are all kinds of beneficial byproducts and corn is just one way to produce ethanol.

In any case the benefits of keeping the energy $ in the US and letting the farm groups be the beneficiary will greatly increase the govt's tax base and may even become a bargain by giving a 50 cent per gallon incentive to get the program widespread.
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