Quote:
Originally Posted by bornright
There are many that claim otherwise.
|
And they would be lying. It would take 10 years before the oil started flowing from ANWR and by then it would amount to maybe around 4% of US imports. Compared to global oil production it would only add a tiny amount to the supply, not enough to significantly reduce prices.
Quote:
|
You are incorrect as he has critized using corn from the beginning. Listen to his speeches not what the media says he said.
|
You are, not surprisingly, sadly mistaken. It is you who should listen to his speeches.
Bush Delivers Speech on Renewable Fuel Sources - washingtonpost.com
Quote:
Quote from Bush's speech on renewables
... The ethanol industry is booming. It must be exciting to have worked for as long as you have on encouraging alternative sources of energy and then all of a sudden see the work come to fruition.
Last year, America used a record 4 billion gallons of ethanol. There are now 97 ethanol refineries in our country, and nine of those are expanding and 35 more are under construction. The ethanol industry is on the move, and America is better off for it.
Many of these refineries are in the Midwest -- the Midwest because that is where the source -- you know, the feed stock for ethanol comes from.
BUSH: That happens to be corn.
But what's really interesting, there are new plants springing up in unexpected areas, like the Central Valley of California, or Arizona, or, of course, in the sugar fields of Hawaii. After all, sugar can be used for ethanol. As a matter of fact, it's a very efficient feedstock for ethanol.
Ethanol required our support. In other words, to get this new industry going it required a little nudge from the federal government.
Since I took office we've extended the tax credit of 51 cents gallon for suppliers. We've created a new 10-cent-per-gallon tax credit to provide extra help to small ethanol producers and farmers. We've provided $85 million of loans and grants for the ethanol business ventures.
In other words, this is a collaborative effort. The federal government has got a role to play to encourage new industries that'll help this nation diversify away from oil.
And so, we're strongly committed to corn-based ethanol produced in America. Yet you've got to recognize there are limits to how much corn can be used for ethanol. I mean, after all, we got to eat some.
|
Doesn't sound too critical to me. The push to cellulose ethanol is the new fad but as I said it is years away from significant production.