Guess it’s more important to punish those evil oil companies by putting alcohol in our gas than to feed hungry people around the world.
This entry was posted on Thursday, August 30th, 2012 at 04:11 and is filed under Dystopia Watch.
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5 Responses to “Corn Exports Shrivel as U.S. Ethanol Demand Grows”
Keep in mind that adding ethanol reduces the miles per gallon. Consumers buy more gallons, increasing tax revenues and increasing revenues for distribution and marketing. Refineries are forced to go through more effort and cost in order to produce gasoline, though cost is for the most part directly passed on to consumers.
The only positive note for the consumer is that all gasoline is now the same, regardless of what brand you buy. That did force small refiners out of business, but you won’t hear Exxon complaining about that.