Tuesday, January 16, 2007

The Argument Surrounding Ethanol

I was reading an article in the Wall Street Journal today about how the demand for ethanol as a fuel additive has reached new heights. Economists predict that corn prices will skyrocket as a result of the ongoing food vs. fuel debate continues. The whole argument is extremely politically charged, and the funny thing is that party preference does not dictate being pro or anti ethanol. Democrats love it because it is backed by the EPA and for other obvious environmentally hippie-fied reasons, and they hate it because a spike in corn prices will mean very bad things for the global economies that depend on low corn prices for feeding livestock and making many basic foods that feed many cost-effectively. Republicans love it because the automobile industry here in the US will not suffer as much while GM catches up with Toyota and other hybrid car manufacturers, but they hate it because shareholder wealth will shift all over the place when corn prices are destabilized and other markets shift as a result.

I myself am against ethanol for every imaginable anti reason you can think of, not just because of the politics surrounding the issue. My biggest platform lies in the fact that our economy will suffer tremendously as a result of corn prices going up, not to mention that all of that economic chaos is the sacrafice made for a mixture of gasoline-ethanol of 70%-30%. It's not a solution, it's just a BAD attempt at delaying the inevitable. We need alternative fuel sources, yes. But ethanol is NOT the answer!!!

Did I mention it is SUPER toxic and slightly unstable too???

Okay, I'm done with my rant. Make your own opinion by reading this, this, and THIS!


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