How Badly Has Congress Screwed Up Ethanol? - BrianFaughnan’s blog - RedState
And Who Will Bear the Cost?
Posted by Brian Faughnan (profile)
Friday, November 27th at 2:58PM EST
Two years ago the Democrats in Congress and the Bush administration got together to deliver a payoff to farmers: they required refiners to use 15 billion gallons of biofuels by 2012. They did not expect that a crashing recession would lead to a reduction in the amount of gasoline the nation consumes - the first such reduction in years. And they also didn’t expect a White House to push so aggressively for higher-mileage vehicle fleets.
As a result of the changed circumstance, it looks like it will be impossible for Americans to use that much ethanol. Something has to give. But what?
more
Posted by Brian Faughnan (profile)
Friday, November 27th at 2:58PM EST
Two years ago the Democrats in Congress and the Bush administration got together to deliver a payoff to farmers: they required refiners to use 15 billion gallons of biofuels by 2012. They did not expect that a crashing recession would lead to a reduction in the amount of gasoline the nation consumes - the first such reduction in years. And they also didn’t expect a White House to push so aggressively for higher-mileage vehicle fleets.
As a result of the changed circumstance, it looks like it will be impossible for Americans to use that much ethanol. Something has to give. But what?
more
posted by Phil Smith at
12:46 PM
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