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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Skywatcher who wrote (494787)	11/18/2003 1:40:31 PM
From: John Carragher	Read Replies (1) \| Respond to of 769670

Daschel is not going to like to hear you take that kind of a position.

To: Skywatcher who wrote (494787)	11/18/2003 1:46:37 PM
From: JakeStraw	Read Replies (1) \| Respond to of 769670

>>Corn for gas is a freekin JOKE! Please explain why you think that. Be specific...

To: Skywatcher who wrote (494787)	11/18/2003 1:47:57 PM
From: JakeStraw	Respond to of 769670

Ethanol Information Consumer Benefits U. S. consumers use more than 18 billion gallons of high performance, cleaner burning ethanol-blended gasoline each year. Ethanol increases oxygenate supplies, reducing the need for MTBE imports and helping to reduce consumer costs. Ethanol is a high-octane blending component used by many gasoline marketers -- helping to keep this important class of trade viable and creating competition for the major oil companies. Since the petroleum refining industry is running at near capacity, the ethanol industry helps extend our petroleum supply, thereby helping moderate fuels costs to consumers. Taxpayer Benefits The partial excise tax exemption for ethanol and ETBE blends available to gasoline marketers saves money. A General Accounting Office (GAO) study has shown that reduced farm program costs and increased income tax revenues offset the cost of the incentive. The economic activity attributable to the ethanol industry will generate $3.5 billion in additional income tax revenue over the next five years -- $1 billion more than the cost of the exemption. The U. S. ethanol industry will create a net gain to the taxpayers of almost $4 billion over the next five years. Economic Benefits More than $3 billion has been invested in 60 ethanol production facilities operating in 20 different states across the country. The ethanol industry is responsible for more than 40,000 direct and indirect jobs, creating more than $1.3 billion in increased household income annually, and more than $12.6 billion over the next five years. The ethanol industry directly and indirectly adds more than $6 billion to the American economy each year. The demand for grain created by ethanol production increases net farm income more than $12 billion annually. As the economic activity created by the ethanol industry ripples throughout the economy, it generated $30 billion in final demand between 1996 and 2000. Increases in ethanol production offer enormous potential for economic growth in small rural communities. USDA has estimated that a 100 million gallon ethanol plant could create 2,250 local jobs. ethanol.org Agricultural Benefits Industrial corn use, which includes ethanol and sweetener production, is now the second largest consumer of corn in America. Each $1 of up-stream and on-farm economic activity generates $3.20 in downstream economic stimulus attributable to ethanol processing, compared to just $0.31 when corn is exported. Ethanol production consumed 535 million bushels of corn in 1994 (5.3% of the record 10 billion bushel corn crop). About 667 million bushels of corn were used for ethanol in 2001. The demand for corn created by the ethanol industry increases crop values -- accounting for approximately $0.14 of the value of every bushel of corn sold, or $ 1.4 billion. If the market for ethanol did not exist, corn stocks would rise and net income to American corn farmers would be reduced by $6 billion over the next five years, or about 11 %. Many farmers now own and operate ethanol plants, allowing them to add value to their own corn. Energy / Trade Benefits Domestic ethanol production reduces demand for imported oil and imported MTBE which drains our economy - oil and MTBE imports now represent almost 80% of the U.S. trade deficit. Currently, imported oil accounts for about 56% of oil used, and imported MTBE is at a record 31% of domestic production. Today, ethanol reduces the demand for gasoline and MTBE imports by 98,000 barrels per day. A 98,000 barrel/day replacement of imported MTBE would represent a $1.1 billion reduction to our annual trade deficit. Ethanol production also generates exports of feed co-products, such as corn gluten, further enhancing our balance of trade. Ethanol production is extremely energy efficient, with a positive energy balance of 125%, compared to 85% for gasoline. Ethanol production is by far the most efficient method of producing liquid transportation fuels. According to USDA, each Btu used to produce a Btu of gasoline could be used to produce 8 Btus of ethanol. Environmental Benefits 10-percent ethanol blends reduce carbon monoxide better than any other reformulated gasoline blend -- more than 25%. Ethanol is low in reactivity and high in oxygen content, making it an effective tool in reducing ozone pollution. Ethanol is a safe replacement for toxic octane enhancers in gasoline such as benzene, toluene and xylene. Oil companies are now starting to acknowledge the environmental and energy benefits of ethanol. For example, see the brochure published by ACE which is available to download below.