The Wall Street Journal has an editorial today discussing all the ways that expanded ethanol production resulting from costly federal ethanol subsidies is harming the environment and devouring scarce water supplies. If ethanol production expands as much as the ethanol industry seeks, the world’s forests could end up being destroyed, increasing concentrations of greenhouse gases. Ironically, the heavily-subsidized ethanol industry falsely claims that ethanol production will reduce global warming.
Categorized | Agriculture, Environment, Global Warming
Ethanol Ravages Forests and Water Supplies
by Hans Bader
October 17, 2007 @ 3:10 pm
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When it comes to Ethanol, what you believe comes from what you choose to read. The Wall Street Journal, New York Times, Rolling Stone Magazine and The LA Times are all openly anti Ethanol. Their arguments use twisted statistics to back up an opinion. Big Oil is opposed to Ethanol too.
Have you been wondering how the price of a gallon of gasoline at the pump has not changed but the price of a barrel of oil is at an all time high *$89bbl)? Boggles the mind except that big oil is being threatened by cheap ethanol in the marketplace and right now, the new energy bill is being drafted in Washington DC and the Oil companies need to keep the price of gasoline down so as not to encourage further favorable legislation in favor of Ethanol.
In other words, you can thank ethanol for keeping your gasoline bill down. Right now and in the future. Especially when cellulous production replaces corn and makes Ethanol even cheaper. When Oil is selling for $120 a barrel, you will be happy to have all that cheap Ethanol available.
One more thing, ethanol production is not deforesting the world or using up mankind’s fresh water supply. That’s just a big load of crap.
It’s nice that those of us that drive get save money at the expense of those who can’t afford cars but still need to eat.
subsidies are from taxes paid by me. i am paying more for gas still it just goes into taxes and is not directly reflected at the pump.
i am pro ethanol but i believe once the price of oil exceeds the price to produce ethanol the world will start to switch over.