We have seen the future, and it sucks.

Corn Exports Shrivel as U.S. Ethanol Demand Grows

30th August 2012

Read it.

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.

5 Responses to “Corn Exports Shrivel as U.S. Ethanol Demand Grows”

  1. Dennis Nagle Says:

    In what way does putting ethanol in gasoline punish the oil companies?

  2. Tim of Angle Says:

    By reducing the demand for gasoline and supposedly reducing ‘our dependence on foreign oil’. Do try to keep up.

  3. Dennis Nagle Says:

    Well, if punishing them was the object, it seems to have missed the target: http://money.cnn.com/2012/07/26/news/companies/exxon-profit/index.htm

  4. Tim of Angle Says:

    What, a government program that failed and is continuing to fail? How did that happen?

  5. RealRick Says:

    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.