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Norris...With all due respect you need to do your home work...! Ethanol is made out of corn in Mt. Vernon In. and then 90% of it is exported to China and 100% of by products (tailings)...the tailing are also sold has high value feed stock and they are not cheap...I know this for a fact because two ethanol plants are within ten miles of my home and I know people who work there...! In the future China will get smart and just buy the corn and make their own ethanol...! One more thing, did you know that drywall is made out of commercial flour and gypsum, which is made from milo (which has the same feed value of corn)...it sure sounds silly to say that we should not make drywall out of food, but you are sitting by it right now...!
staggman, whast you conveniently left out is that corn ethanol can only be produced by way of US tax payer high subsidies, because it takes more energy (mainly from oil) to produce it then it yields back. We may sell to China, but at the cost of taxpayer subsidies. We have also diverted an important world food supply from edible corn to unedible ethanol feedstock, which has raised world food prices because of reduced supply.
Ethanol is great for subsidised farming and producers, but at the added expense of wasted tax dollars as our federal debt sky rockets, with increased hunger in poor countries on top of that.
Norris' posts show a far broader knoweledge of these sad facts, than your little pump herte for ethanol displays, sad to say.
But good luck investing in Linn.
jack...I left a lot of things out...! The subside on ethanol is 48 cents a gallon and most of it is tax back at the pump...! All gasoline at this time has 10% or more ethanol in it...! You are wrong, it does not cost more to produce ethanol...you are not even close on that one...! You are also wrong on the tailings, as they are still feedstock...! I major in Biology (Zoology & Botany), Chemistry and Agriculture and still doing work in this field...! It is the by-product of the yeast feeding on the sugar in the corn that produces the ethanol...in the future we will be using switch grass because it has a higher sugar content...! Jack, do you know the difference between field corn and sweet corn...when was the last time you went to the store and bought some field corn....? Do you think we should stop making drywall out of food stock...? That said, when it comes to feeding people around the world...they don't want to buy our food...they always want us to give it to them (free)...we cannot make money giving food away for free, but you do not want to sell them ethanol made from corn...that does not make sense...! Good luck to you and remember that you are driving on ethanol right now...!
“Ethanol is made out of corn in Mt. Vernon In. and then 90% of it is exported to China and 100% of by products (tailings)...the tailing are also sold has high value feed stock and they are not cheap..."
No. We may not eat field corn as a direct product but it is the base of our ‘food’ energy production. Whether or not it is animal feed, corn sugar or the base of thousands of other products - we end up eating this corn.
You need to think through your claim that we can take the calories out of corn for fuel and still have equal *high grade* feed. Clearly you cannot take out all the energy and still have a high grade feed.
“The use of ethanol for fuel has had a damaging impact on food markets, especially in poorer countries. In the United States, ethanol is mostly made from yellow corn, and as the market boomed for alternative fuel, yellow corn went up in price. Many farmers saw the potential to make more money, and switched from white corn to yellow corn. White corn is the main ingredient of tortillas in Mexico, and as the supply dropped, the price doubled, making the base of most Mexican foods unaffordable. Many people[who?] see this as unacceptable, and want no overlap between food crops and fuel crops. Others[who?] point out that the earth is thought to be able to support double the current human population, and press that the resources available, such as unused farmable land, should be better handled.
The Renewable Fuels Association confirm ethanol production does in fact increase the price of corn by increasing demand. It is cited as a positive economic effect for US farmers and tax payers, but does not elaborate on the effect for other populations where field corn is part of the staple diet. "FACT: By increasing the demand for corn, and thus raising corn prices, ethanol helps to lower federal farm program costs. In a January 2007 statement, the USDA Chief Economist stated that farm program payments were expected to be reduced by some $6 billion due to the higher value of a bushel of corn." 
Ethanol may become economically viable when we figure out cellular technology. But that is at least decades off. I am not against some subsidy to develop the industry but look at the insanity. 40% of the crop being used for a fuel that is vastly inferior, more polluting and vastly more expensive than our massive natural gas reserves.
The spark that set off Egypt was unemployment and raging food inflation. When half your income goes to buy food – like most of the world – it matters. The simple fact is demand is great enough that our famers can make a solid profit without all this insanity and corruption. In fact the vast natural gas supplies will bring down the cost of fertilizer. A huge benefit for them.
Time for pragmatic American to solve the progressive made problems of the last forty years. Two generation later and the insanity continues as if it was 40 years ago and as if 40% of our corn crop going to fuel was a solution. It is not and never was.
Royalties from resource development are the Federal government’s third largest source of funds. Rather than shelling out $0.50 directly and all the other price support subsidies - the government receives revenue. Not to mention natural gas is a far superior and cleaner transportation fuel.
The time has already come to put away all this corruption and say a thank you to the American that is credited with developing the new drilling technology. When our government and all the major integrated oils claimed it was impossible. If we will not accept this silver platter gift, whether or not we remain fair, pragmatic and responsible Americans comes into question.
WASHINGTON (Reuters) – The U.S. January budget deficit widened to $49.80 billion, the second-largest deficit on record for the month, underscoring the sea of U.S. government red ink, official data showed on Thursday.
The deficit for the fiscal year to date narrowed to $419 billion from $431 billion, but the gap is expected to widen as the effects of payroll and business tax cuts kick in.
Receipts for the month rose 10 percent to $227 billion, the Treasury Department said. Outlays rose by $28 billion to $276 billion.
The gaping budget hole is a white hot political topic, with both political parties wrangling over how best to tackle a budget deficit estimated at $1.48 trillion in fiscal 2011 -- or 9.8 percent of the U.S. economy -- that is adding to the towering national debt.
Concern about the U.S. deficit has escalated after a series of sovereign debt crises in Europe and elsewhere that have fueled a movement toward painful fiscal austerity initiatives in nations around the global.