OPEC's claims about ethanol

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Fuelguru - 22 Jul 2008 19:06 GMT

The biofuels industry is responding to OPEC's claims that ethanol is
the
reason for high gas prices. Yeah right! Ethanol keeps the prices
lower.
Several biofuels organizations issued the following press release to
draw
attention to their ad in the Financial Times. If you click on the link
at
the bottom you can view the full ad.

Links:
http://www.goodfuels.org/opec
http://www.prweb.com/releases/2008/7/prweb1115304.htm

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Matthew T. Russotto - 22 Jul 2008 22:41 GMT

>The biofuels industry is responding to OPEC's claims that ethanol is
>the
>reason for high gas prices.

Ethanol is the reason for high FOOD prices, both in corn and anything
derived from it, and in wheat (some of which was displaced as farmers
planted more profitable corn).

>Yeah right! Ethanol keeps the prices lower.

Yeah, right.

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There's no such thing as a free lunch, but certain accounting practices can
result in a fully-depreciated one.

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John David Galt - 27 Jul 2008 17:36 GMT

> The biofuels industry is responding to OPEC's claims that ethanol is
> the reason for high gas prices. Yeah right! Ethanol keeps the prices
> lower.

Horse hockey.

Ethanol as made in the US hasn't even reached energy break-even yet.

If we required the growers to use the plant types and methods used in
Brazil, then it might, narrowly, be worth doing. But it won't happen
as long as we're paying billions in subsidies to Arthur Daniels Midland
to do it the stupid way.

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