Infographic from Smart Fuel Future Raising Prices Not only do biofuel mandates raise consumer food prices, but significant quantities of biofuels will not be cost competitive with gasoline without significant technological advances or spikes in petroleum prices. A Colorado State University study found that Renewable Fuel Standard (RFS)-mandated biofuels production will be so costly, […]
Ethanol subsidies not only don’t accomplish the purpose intended, they cause positive harm to food supply by driving up cost of corn because of misallocation of resources by Government-Big Business Corporatist policies. About 40% of US corn production is misallocated to ethanol production at expense of all Americans.
One more blog in an endless series on why Corporatist Big Business is not the friend of Free Markets and The Forgotten Taxpayer. The fantastic profits reaped by ADM, Archer Daniels Midland, from Ethanol are truly awesome and only one portion of the ADM’s taxpayer funded profits. And Big Corn aids and abets this swindle of the […]
Big Oil Big Corn: An In-depth Look at the Volumetric Ethanol Excise Tax Credit (May 30, 2011) recounts the beginning of the Ethanol subsidy and mandates in the 1970s, at time of oil shortage in the US. Corn itself has been subsidized since the 1030s; the Ethanol subsidy was a great leap forward. Some very […]
Tim Carney of the Washington Examiner has been a reliable critic of debilitating effects of Ethanol Subsidies in misdirecting resources toward government sponsored enterprises to the detriment of useful productivity that raises standard of living of all. Using the resources of all to benefit a government favored few is an economic strategy of Statists. Individual […]