Board members...for well over a year i have been called a liar and other dirty names because I grow corn and because I think it is OK to make ethanol out of it...some board members have also said that ethanol is running up the the price of food...
Fact is, that I never have cared if they make ethanol out of corn or not...but I would like to note that I sold my corn this year for an average price of $4.08 a bu., which is less than half of what corn prices were last year. ($4.08 vs $8.17)...has anybody seen food prices go down because corn is selling for 50% less than a year ago (???)...and do people still think that ethanol is running up the price of corn and food (???)...
That said, please be careful of LINE or BRY, because two poorly ran companies to not make one well ran
company and an increase in Book Value is not the same as revenue stream (they have to get the product out
of the ground and into the market place)...! Good luck to all, and be careful of 'Voodoo Economics'...!
Damm corn syrup they put in cars is now causing problems with fuel pumps end other non combustible parts of a car plus lower gas milage plus we can get nuff oil etc in the U S and Canada to tell Obuma and the arabs to stuff it .. Cheaper fuel = more productivity Corn is for eating, and on the cobb .. the best ...now awaiting market to close to see if line is screwing us or making us feel better . My guess divy not covered as permian buy not on line yet
luck...I do not receive any farm subsidies (and I pay a lot of federal, state and local taxes, no free lunch for me)...however, food stamps and the school lunch programs are 70% of the farm program and they are 'not taxable'...subsidies are taxable at about 30%...more, the roads that we drive on are subsidized by the government and the bridges we cross (plus, schools, colleges, oil and gas industry and etc.)...! $tagg...!
A new study by an oil and gas industry-funded research group suggests that converting natural gas to ethanol may not offer any benefits over other feedstocks. According to the analysis released yesterday by the Institute for Energy Research, the conversion of natural gas to ethanol may increase carbon dioxide emissions and lose a substantial amount of energy in the process.
“Producing ethanol from natural gas is expensive, emits significant amounts of additional carbon dioxide, and is wasteful of the energy content as well as the hydrogen content of the natural gas that can be used more efficiently in alternate applications,” the study found.
But according to the study from IER, the life-cycle carbon dioxide emissions from creating ethanol from natural gas are higher than those of petroleum-based gasoline.
Even with technological improvements, the study predicts that ethanol from natural gas is unlikely to ever meet the carbon dioxide reductions set forth in the renewable fuel standard. In order to qualify for the standard, a renewable fuel must reduce carbon dioxide emissions by at least 20 percent compared with a gasoline base line.
Converting natural gas to ethanol also results in a 50 percent loss in the energy content of the gas, according to the study.
“Any public policy that supports government subsidization of [ethanol from natural gas] will be misguided from an emissions perspective and wasteful from a fiscal perspective,” the study says.
Straight form the Progressive corn ethanol pimps!
For more than fifteen years, the Governors’ Ethanol Coalition has provided regional and national leadership on ethanol policy development. Because additional biofuels will play an increasingly important role in the nation’s energy future, the governors recently decided to expand the coalition’s scope to address all biofuels, including ethanol, biodiesel, advanced biofuels, co-products, and new applications and technologies yet to come. The governors changed the coalition’s name to the Governors’ Biofuels Coalition to reflect its expanded agenda.
Via the syn gas process methanol from natural gas can be manufactured from the simplest building block methanol to gasoline. Yes ethanol is silly and irrational as it is a defective product.
But it would rapidly displace corn ethanol corruption as it completely insane.
But heck if corn ethanol is for clean air why not allow it to complete with natural gas ethanol? Simply because it will beat corn ethanol in every aspect from cost to job creation to pollution.
Well rrb the racist is back . Why not Stag the evil corn monster willing to starve human beings for Progressive corny capitalist profit.
No surprise, demons of a wing to swam together. Nor is a surprise all attempt to mislead on all subjects including investments.
March 20, 2013
Corn Ethanol Fuels Riots
Corn ethanol gets just about everything wrong: it increases emissions, it starves the world’s poor, it isn’t efficient, and it drains billions of taxpayer dollars in subsidies. As it turns out, it might also be responsible for last year’s violent labor protests in South Africa and food protests in Haiti and Argentina. The story was covered here at The American Interest last October, but on Monday Real Clear Energy gave a nice summary touching on the correlation between food prices and civil unrest:
[T]he authors argue that even autocratic governments can maintain their legitimacy as long as they are able to provide basic necessities. “When the ability of the political system to provide security for the population breaks down, popular support disappears.” [...]
With regard to South Africa, the authors write: “Worker demands for dramatic pay increases reflect that their wages have not kept up with drastic increases in the prices of necessities, especially food.”
As RCE says, it’s important not to conflate correlation with causation. But when food prices rise beyond a certain threshold, protests become more likely. The logic is simple and sound: hungry people are desperate people, as the data bears out.
South Africa is the largest corn producer on it's continent. It produced 11.7 million metric tons this season which was an increase over last. How do you relate corn ethanol use in the US to support your above statements. In South Africa it is food cost and a demand for higher wages that your report refers to. Food cost have also increased in the US where we have low inflation #$%$) and wages, employment have also decreased. You can't place all this on corn no matter how much you hate it. Now come back with a rant on me, I fully expect and welcome it.
Hum Progressive have a vote that they are not indeed evil by public actions?
Such is the delusion and the flat, cold and dark reality of collectivism.
This was just agitated emanations of the OLB hive brain.
The biggest problem in South Africa is the fact that Gov officials are lining their own pockets instead of looking after citizens basic needs. The Pres just spent $25m of taxpayers money on his private residence, and citizens don't have drinking water. I could go on about these issues, but that would be boring to board members.