Tuesday, October 07, 2008

The Ethanol Election Issue One place they most notice a major problem, however, is at the gas pump where prices continue to remain over $3.50 a gallon. It is doubtful anyone really thinks about the part of that cost that can be attributed to the government mandate that each gallon include ethanol. Other costs include the government mandated different blends of gasoline required in different regions or sections of the nation. The refinery costs of that are built into the price as well. Then, of course, there are the federal and state gasoline taxes that add considerably to the cost. Dennis T. Avery, a senior fellow with the Hudson Institute and Director of Global Food Issues, recently took note of the disparities between the candidate’s positions on ethanol. “Obama wants more ethanol, while McCain thinks we should probably have less,” noting that “both say man-made global warming is a serious threat, and both say they want the best for the nation’s farmers.” Both candidates are wrong on many counts, not the least is their belief that global warming is either man-made or actually happening. It is not. Ironically, the wailing about man-made greenhouse gas emissions completely ignores the fact that ethanol actually contributes more carbon dioxide to the atmosphere while, at the same time, decreasing the mileage per gallon of gasoline. Obama’s national campaign co-chair is Tom Daschle, the former Senate majority leader and longtime ethanol booster. Daschle serves on the boards of three key ethanol companies. Obama represents Illinois, a state that trails only Iowa and Nebraska in ethanol production capacity. If you have any hope of seeing the price of gasoline reduced or the cost of food decrease, that will not happen if Obama is elected....

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