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When hasn't the government been snowing the people, shakran?
Its very difficult for me to see ethanol as negative on any scale. I wouldnt understand how it is a trend that will pass when (1) no new gasoline refineries have been built in 30 years. Compare that with the U.S. ethanol industry which is building production facilities at nearly two per month! (2)Adding ethanol to american fuel has helped keep prices down during times of high demand. (3)Think about what the petroleum industry receives to protect, explore for, and transport oil from all across the world? The ethanol cost is nearly 10 times less! (4) Its excellent for the economy. It creates jobs and increases revenues; raises farm income and reduces farm program payments; and decreases the amount of energy we import, not to mention it adds $1.30 to the treasury for every gallon! The renewable fuel standard just had a federal energy bill passed incorporating 7.5 billion gallons of ethanol to be used in the us, compared to 3.4 used in 2004. (5) Taking care of our planet. Most ethanol plants produce LESS than 100 tons of pollutants compared to most power plants which emit almost 20,000 tons or more!
I dont think that it will lose interest either. The Wall Street Journal predicts that the ethanol demand will increase by 50% THIS YEAR ALONE!
By the end of this year, GM, Ford and DaimlerChrysler AG will have 6 million flex-fuel vehicles on the road. Walmart is considering offering ethanol at its 383 gas stations.
I have to add that BILL GATES has put $84 million into Pacific Ethanol, Inc!
If I lose my shirt, at least I have some great tits to show off! Haha.
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...absent of everything.
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