Tragic Profit

    You know what’s cool?  When organizations and people engaged in political and public policy debates shamelessly exploit tragedies in order to promote their political agendas. The Left is very good at this.  But so, it turns out, is the ethanol industry. Essentially a government creation, these guys are currently seeking a whole bunch of policy changes that would further prop up their industry, using both | Read More »

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    A Tale of Two Subsidies

    In the 1980s, Congress, searching for domestic energy supplies, created incentives in the form of production tax credits for ethanol and for unconventional natural gas. The history of those two programs, and the current state of affairs in the energy world, speaks volumes about the relative merits of these two fuels.   Tax-paying capitalists find tax credits highly motivating. Whereas deductions reduce your taxable income, | Read More »

    A Tale of Two Subsidies

    In the 1980s, Congress, searching for domestic energy supplies, created incentives in the form of production tax credits for ethanol and for unconventional natural gas. The history of those two programs, and the current state of affairs in the energy world, speaks volumes about the relative merits of these two fuels.   Tax-paying capitalists find tax credits highly motivating. Whereas deductions reduce your taxable income, | Read More »

    Brownback’s Shenanigans

    Tonight, the Senate is voting on amendments to the insurance industry goodie bag just rammed through Congress. Many amendments will relate to the insurance deform itself. Many are even commendable, not just because they might foul up the legislative process, but because, well, giving child molesters access to Viagra on the government dime is a self-evidently bad idea to anyone still legally permitted on school | Read More »

    Ethanol, the Fuel Only a Politician Could Love

    The Energy Information Agency (EIA) admits in its 2010 Annual Energy Outlook that, under present law, ethanol use in 2022 is projected to be almost a third less than the 35 million gallons-equivalent per year mandated by Congress way back in 2007. What to do? The ethanol industry, with the blessing of Congress and the Obama Administration, is lobbying the EPA to mandate increased ethanol | Read More »

    Ethanol, the Fuel Only a Politician Could Love

    The Energy Information Agency (EIA) admits in its 2010 Annual Energy Outlook that, under present law, ethanol use in 2022 is projected to be almost a third less than the 35 million gallons-equivalent per year mandated by Congress way back in 2007. What to do? The ethanol industry, with the blessing of Congress and the Obama Administration, is lobbying the EPA to mandate increased ethanol | Read More »

    How Badly Has Congress Screwed Up Ethanol?

    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 | Read More »

    Obama administration say one thing do another – auto industry edition

    We’ve heard it before. Last month, as the Federal Government was becoming an 8 percent owner of Chrysler and 50 percent owner of General Motors, President Obama feigned disinterest: I don’t want to run auto companies. I’m not an auto engineer. I don’t know how to create an affordable, well-designed plug-in hybrid. Moments later, Obama revealed his actual intent: “But I know that, if the | Read More »

    Farmers discover new energy source

    In Our Dear Leader’s address on 11-29-2008, he discusses farmers “who can tap new sources of energy”. Here we are, using corn for ethanol and soybeans for diesel.

    Happy 30th Birthday Ethanol Subsidies

    Today is the 30th birthday of government driven ethanol mandates – so Happy Birthday inefficiency and command-and-control energy policies! I for one will be celebrating this at a press conference at the National Press Club as part of a Food Before Fuel campaign. First, let’s a take a moment to examine this situation. The government wants people to use cleaner fuels – ok, nothing wrong | Read More »

    Energy Independence Bill or Environmentalists Dream?

    Senators Max Baucus (D-MT) and Charles Grassley (R-IA) introduced a new bill to “help reduce America’s dependence on foreign oil.” However, a closer look at the legislation reveals that this bill is a gift to environmentalists. Grassley describes the legislation like this: “The legislation will offer tax credits for wind energy without the cap that the House is trying to impose again this year. It | Read More »

    Why is Iowa in the tank for Obama?

    When you think about Iowa, polling and primary results aside, it feels like Iowa should be a red state. It’s a rural, agricultural state, that I would think would be fairly conservative. In fact, according to Dan’s Chart from yesterday, Iowa is 55%R – 45%D. So why is Obama leading McCain by 10 points in Iowa? Is this purely a question of support for ethanol, | Read More »

    McCain Opposes Grassley on Ag Subsidies and Ethanol

    According to a recent AP article, McCain opposes agricultural subsidies. Specifically McCain stated that he does not “support agricultural subsidies no matter where they are.” He further says that the “$300 billion, bloated, pork barrel laden [farm] bill” passed by congress this summer “is something America simply can’t afford.” Grassley Watch could not agree more. Senator Grassley responded to McCain’s coments by sayign that he | Read More »

    Breaking News: Republicans oppose ethanol mandate

    If you read the 2008 Republican platform you will notice two important things regarding biofuel. First, the plan for energy independence gives ethanol a small role. Second, the platform specifically says “[t]he U.S. government should end mandates for ethanol and let the free market work.”

    A reactionary ethanol plan from Grassley

    Grassley has once again expressed his desire to drive an ever increasing percentage of the U.S. corn crop towards ethanol production. He recently reaffirmed his support for the ethanol import tariff in a letter he sent to Susan Schwab, U.S. Trade Representative. Read Grassley’s letter here. This letter was in response to a letter sent to Schwab from Senator Dianne Feinstein inquiring if the ethanol | Read More »