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Every Saturday in the Wall Street Journal there is a section called “The Weekend Interview”. Yesterday’s interviewee was C. Larry Pope, CEO of Smithfield Foods, Inc. The entire article is well worth the time it will take you to read it, particularly to get an understanding of how business works. But, let me give you…
All morning long, one of the lead stories in the morning news is that corn prices are going to rise due to smaller harvests, and from that, the price of virtually everything that uses corn, from cattle feed to Coke will see a price rise. What you don’t see is many (or any) references to…
It came to light recently that the administration is “negotiating” with automobile manufacturers to raise the average miles per gallon their fleets of new vehicles must attain.
While on the subject of fuel, you might be interested in this news item from the Department of Agriculture. It seems that USDA Secretary Tom Vilsack has decided that this country doesn’t have enough gas station pumps that can dispense “gasoline” with an ethanol content higher than 10%.
Yesterday, the EPA decided, over the objections of most automobile manufacturers, that it would “allow ” a mixture of 15% ethanol in all gasoline sold in the United States for all model year 2001 through 2006 cars. Last October it did the same for all model year 2007 and later. By now you know that…
With little fanfare, the federal government will no longer subsidize ethanol in 2012. This subsidy has been a thorn in the sides of many, and now, it is no more.
Cellulosic ethanol is a pipe dream. And yet, you and I are paying for that pipedream, and paying dearly. We’ve posted on this subject before, but here is a recap, as well as more information.
After decades of your tax dollars, or, money borrowed from China, being used to subsidize ethanol, it appears that the subsidy will end on July 31. The final details are still being negotiated, but, this is what we know so far.
Six weeks ago I posted an article about a petition pending before the EPA to increase the ethanol content of our “gasoline” from 10% to 15%.
It seems appropriate on Earth Day to write about a story that received little publicity last week, but which could have a major impact on you. The EPA is considering a petition to allow gasoline to contain as much as 15 percent ethanol, up from the current 10 percent. Hence, before you buy a second-hand gas-guzzling…