Curmudgeon's Corner
cur-mud-geon: anyone who hates hypocrisy and pretense and has the temerity to say so; anyone with the habit of pointing out unpleasant facts in an engaging and humorous manner
Bad Even With Subsidy?
The ethanol debacle continues.
We were forced to use gasoline that contains 10% ethanol. We were forced to subsidize the new "industry". We were treated to 10% fewer miles per gallon. We watched as this use of "food stocks" caused our edible food product prices to soar.
Now, we see that companies created with tens and hundreds of millions of investor dollars are in bankruptcy. We see the distortion created by this false market's creation still wreaking havoc with the food supplies as we knew them.
Why?
The stuff should've never been produced from corn. The stuff is a waste of good water. The stuff produces less power than gasoline and thus is something that consumers would naturally shun. When oil prices dropped as the result of the marketplace adjusting by driving fewer miles, this industry collapsed.
Will ethanol ever prove practical? Probably, but certainly not while it is a corn-based product. Should the government force us to burn ethanol in our vehicles? Absolutely not! If it works well enough and if it can be produced without subsidies, the market will make a place for it.
Until that occurs, we should forget this ridiculous experiment in "greening" America. The "greening" of America will come in its own time as has every other change in the marketplace. But we seem to know better than the marketplace when we feel compelled by the false 'religion' of global warming, and we make bad decisions.
The ethanol mandate is one of those bad decisions.
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