When the embargo hit and oil independence became the big goal, ethanol was introduced as the answer. Archer Daniels Midland fronting for the Corn Growers Association jumped in and began building ethanol plants. Iowa was the hotbed. Ethanol quickly became controversial. It attacked gas lines and carried any water in fuel storage tanks and cars Read the full article…
With absolutely no fanfare, dying with a bang not a whimper, the 45 cent per gallon tax credit for ethanol producers went away this week. This will add 4.5 cents a gallon to gasoline prices if ethanol producers pass it through on the 10% blend in gasoline. Reverse income redistribution. Money going from the few Read the full article…
Two pieces of news struck me as some well-needed humor this week. Fist, in a press announcement, Joe Biden says he won’t rule out a run for the presidency in 2016. If you had any doubts as to the cluelessness of Washington, this tidbit from the most clueless of all should clear that up for Read the full article…
