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May 13, 2008

High Cost Of Gas Excuses

Why is the cost of gas so high? According to the Investment Business Daily, Congress for the last 31 years prevented us from building new oil refineries and defeated al chances of drilling offshore and on other proven high-oil reservoirs that could be recovered using clean technology at hand.

Also no nuclear power plants that produce cheap energy have been passed. France Germany and Japan get 20% to 80% of their energy needs supplied by these low –cost nuclear energy producers.

Instead they pass the ethanol mandates that place high tariffs on imported ethanol and mandate farmers, give huge blank check tax incentives and propagandize the farmers to grow corn.

The Wall Street Journal is weighing in.

"Corn ethanol can now join the scare over silicone breast implants and the pesticide Alar as among the greatest scams of the age…. it's worth recounting how much damage this ethanol political machine is doing.”

"To create just one gallon of fuel, ethanol slurps up 1,700 gallons of water… The record 30 million acres the U.S. will devote to ethanol production this year will consume almost a third of America's corn crop while yielding fuel amounting to less than 3% of petroleum consumption."

 

 

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