Welcome to the North American Subaru Impreza Owners Club Friday March 29, 2024
Home Forums Images WikiNASIOC Products Store Modifications Upgrade Garage
NASIOC
Go Back   NASIOC > NASIOC General > News & Rumors > Non-Subaru News & Rumors

Welcome to NASIOC - The world's largest online community for Subaru enthusiasts!
Welcome to the NASIOC.com Subaru forum.

You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, free of charge, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, so please join our community today!

If you have any problems with the registration process or your account login, please contact us.







* As an Amazon Associate I earn from qualifying purchases. 
* Registered users of the site do not see these ads. 
Reply
 
Thread Tools Display Modes
Old 12-24-2008, 01:30 PM   #1
AVANTI R5
Scooby Guru
 
Member#: 73805
Join Date: Nov 2004
Vehicle:
24 TypeS ZO6
White

Default First Wall Street, Then Automakers, Now U.S. Ethanol Industry Wants a Bailout




Quote:
"Enough already!"

That ought to be Washington's response to the Renewable Fuels Association's request this month for $1 billion in financial aid to struggling ethanol producers so they can finance current operations.



But wait, there's more. The RFA -- the ethanol industry's lobby -- has also suggested to the incoming administration that it create a $50-billion federal loan guarantee program to finance investment in the ethanol producers' expansion.
And furthermore, the RFA has told Obama & Co. that any automaker that receives federal aid should be required to only produce vehicles that can run on any gas-ethanol blend up to 85 percent ethanol, beginning with the 2010 model season.


Now, if the struggling U.S. ethanol producers were producing cellulosic ethanol, which holds promise as a truly "green" product, that would be one thing. But the struggling ethanol producers the RFA is talking about are, with few exceptions, folks who only produce corn ethanol.


Here's the deal with corn ethanol: So many research papers have been written on how un-green corn ethanol truly is that people who cover green-car news could do nothing but report on those studies and still they wouldn't have time to report on all of them.


Reporting on unfavorable corn-ethanol studies is like covering crime in Los Angeles. Sometimes there are so many fatal drive-by shootings and other unnatural deaths in the County of Angels during an eight-hour shift that a crime reporter simply can't get to them all.



Come to think of it, we reported just this week on a study that concluded that all ethanol-based biofuels are more harmful to humans than fossil fuels.


Yet the RFA seeks a bailout for those struggling corn-ethanol producers. Yes, it's true that the function of ethanol-industry lobbyists is to build support for the industry. But have they no shame?


It isn't as if the domestic ethanol industry doesn't already benefit from generous federal subsidies, a 54-cents-per-gallon tariff on imported ethanol, and a federal renewable-fuel standard that sets a minimum amount of ethanol to be blended into gasoline.


But that's not all. An opinion piece in today's Wall Street Journal reminds us that the U.S. ethanol industry would not even exist today without the more than $25 billion in taxpayer handouts over the past two decades.


Unfortunately, as the Journal also notes, we shouldn't expect Congress to hear all the bad things that researchers have discovered about corn ethanol and act accordingly.
"Ethanol may never be profitable in the real world, but in Washington it's a lucrative business that provides jobs and votes," the paper said.


That's jobs and votes at taxpayers' expense and at the expense of promising alternative fuels that deserve our hard-earned money much more than corn ethanol ever did.
http://blogs.edmunds.com/greencaradvisor/2008/12/first-wall-street-then-automakers-now-us-ethanol-industry-wants-a-bailout.html
AVANTI R5 is offline   Reply With Quote
Old 12-24-2008, 02:33 PM   #2
Mike Wevrick
RIP 1/19/64 - 7/23/11
Scooby Guru
 
Member#: 24654
Join Date: Sep 2002
Chapter/Region: NESIC
Location: saraseager.com
Vehicle:
1957 Taggart Comet
atlasshruggedpart1.com

Default

um, no. just NO.
Mike Wevrick is offline   Reply With Quote
Old 12-24-2008, 02:35 PM   #3
robertrinaustin
Scooby Specialist
 
Member#: 51964
Join Date: Jan 2004
Chapter/Region: TXIC
Location: Austin
Vehicle:
2008 STi, OB, EVO
Blk Sti and EVO, Navy OB

Default

We already give them $.50 a gallon and they still can't make it. It's time to let the ethanol industry die.
robertrinaustin is offline   Reply With Quote
Old 12-25-2008, 12:42 PM   #4
Godmal
Scooby Specialist
 
Member#: 4934
Join Date: Mar 2001
Chapter/Region: MWSOC
Location: LITH, IL
Vehicle:
2007 White STI LTD
Grey Mazda 5

Default

No bailout. They haven't even been around that long, what do they deserve a bailout for? Let them die and allow something greener to come along in its place.
Godmal is offline   Reply With Quote
Old 12-25-2008, 12:51 PM   #5
jhargis
Scooby Specialist
 
Member#: 110304
Join Date: Mar 2006
Location: Crestline, CA
Vehicle:
2004 Volvo S60R
No more Subie

Default

Oh right... Because if we don't bailout the ethanol industry, 2 million jobs will be lost and our economy will collapse

Seriously though, who would be hurt by letting the ethanol industry collapse? A few corn farmers (who have plenty of business from the food industry anyway) and a few lobbyists will loose their jobs in an industry that produces a fuel that costs more to make than anybody is willing to pay per BTU without gov. subsidies. Whatever, let it fail and make some room for a truly green energy source.
jhargis is offline   Reply With Quote
Old 12-25-2008, 01:06 PM   #6
AVANTI R5
Scooby Guru
 
Member#: 73805
Join Date: Nov 2004
Vehicle:
24 TypeS ZO6
White

Default

next up to the plate..

Listening to Fox Business Last night and they reported,The RealEstate(Commercial) Industry needs and is asking for a Bailout .These are the Big guys that own these Super Malls through out our country.Of course ,they have all these reasons why they need it.
AVANTI R5 is offline   Reply With Quote
Old 12-25-2008, 01:19 PM   #7
Jasonzemos
Scooby Newbie
 
Member#: 109993
Join Date: Mar 2006
Chapter/Region: Tri-State
Location: North Jersey
Vehicle:
2006 TR E3-16G'ed
Running E85!

Default

Read this thread: http://forums.nasioc.com/forums/showthread.php?t=803341 before you wish for ethanol to die.
Jasonzemos is offline   Reply With Quote
Old 12-25-2008, 02:27 PM   #8
bemani
Scooby Specialist
 
Member#: 5673
Join Date: Apr 2001
Chapter/Region: BAIC
Location: Folsom, CA
Vehicle:
05 LGT, 02 WRX
Hellcat CTR LC500 GRC

Default

Farmers spend a lot of money on lobbyists - it won't be so easy to tell them to / and die.
Why do you think there was that mandate on ethanol use in the 1st place?
bemani is offline   Reply With Quote
Old 12-25-2008, 04:26 PM   #9
Clark_Kent
Scooby Specialist
 
Member#: 114299
Join Date: May 2006
Chapter/Region: MAIC
Location: Smallville, KS
Default

They'll get a piece too.
Clark_Kent is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Ethanol Industry’s 15% Solution Raises Concerns AVANTI R5 Non-Subaru News & Rumors 1 05-14-2009 08:09 AM
The bailout is for wall street fat cats only? beethoven Off-Topic 22 10-03-2008 01:59 PM
32 Problems with the Wall Street Bailout Qcanfixit Political Playground - Chaotic Neutral Edition 7 09-24-2008 10:51 AM
First it was Bill Walton, then Madden, now I hate Theisman... Remy E. LeBeau Off-Topic 8 08-21-2006 09:31 PM
spotted - NYC - RS 2k by wall street vsigma Tri-State Area Forum 9 09-11-2001 11:11 AM

All times are GMT -4. The time now is 01:27 AM.


Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Powered by Searchlight © 2024 Axivo Inc.
Copyright ©1999 - 2019, North American Subaru Impreza Owners Club, Inc.

As an Amazon Associate I earn from qualifying purchases.

When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission
Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.