No More Ethanol Subsidy
Ethanol has been a big 'ol green belly flop.
The Science Committee in the House of Representatives has a approved a bill that would prevent theEnvironmental Protection Agency from allowing the use of gasoline with a higher ethanol content without additional study.
According to The Detroit News, the bill was sponsored by Rep. James Sensenbrenner, R-Wisconsin and passed 19-7 along party lines after numerous groups spoke out against E15. The Alliance of Automobile Manufacturers, the American Petroleum Institute, the Friends of the Earth, the Milk Producers Council, the American Bakers Association and the National Turkey Federation all pushed for further E15 study.
Last year, the government estimated more domestic corn was used for ethanol than to feed farm animals, and opponents of ethanol argue E15 would only lead to steeper food prices across the country.
Supported as an alternative to imported oil, subsidized to the benefit of ADM and the cost of most everyone else, upheld by successive Presidents, and consistently
Congress has now voted to block the sale of E-15 ethanol. Which is a good thing. It has also eliminate the subsidy program, and lifted the ban on imported Brazilian ethanol (which is sugarcane based, and as such uses less land, fertilizer, and water than the US version).
Posted Feb 9th 2012 7:28AM
Comments66
The Science Committee in the House of Representatives has a approved a bill that would prevent theEnvironmental Protection Agency from allowing the use of gasoline with a higher ethanol content without additional study.
According to The Detroit News, the bill was sponsored by Rep. James Sensenbrenner, R-Wisconsin and passed 19-7 along party lines after numerous groups spoke out against E15. The Alliance of Automobile Manufacturers, the American Petroleum Institute, the Friends of the Earth, the Milk Producers Council, the American Bakers Association and the National Turkey Federation all pushed for further E15 study.
Last year, the government estimated more domestic corn was used for ethanol than to feed farm animals, and opponents of ethanol argue E15 would only lead to steeper food prices across the country.
Congress just recently ended a 30-year tax subsidy on corn-based ethanol and put a stop to tariffs on the fuel imported from Brazil. The subsidy alone reportedly cost taxpayers $6 billion annually. All told, Congress has awarded the ethanol industry $45 billion in subsidies since 1980.
