Tuesday, October 07, 2008

The Ethanol Election Issue

Intellectual Conservative Politics and Philosophy
Robert Bryce, the author of Gusher of Lies, one of the best books on global energy issues you will ever read, is also a co-editor of Energy Tribune, a leading monthly. In the October edition, he takes aim at ethanol calling it a scam and “pure, unadulterated lunacy.”

Bryce writes, “Barack Obama doesn’t want to talk about corn ethanol. And it’s no wonder. In early August, his campaign Web site purged several sections of his energy plan that talked about corn ethanol.

“Before the purge, Obama was touting corn ethanol as a pivotal element in his push for ‘energy independence.’ His site declared that Obama ‘will require 36 billion gallons of renewable fuels to be included in the fuel supply by 2022 and will increase that to at least 60 billion gallons of advanced biofuels like cellulosic ethanol by 2030.”

By August, however, Obama had come up with a new set of talking points on energy and “All mentions of corn ethanol were removed,” wrote Bryce. “The word ‘ethanol’ only appears once.”

Do not be fooled. Obama is a major proponent of ethanol. Bryce reports that, “In January 2007, Obama and two other senators, Democrat Tom Harkin of Iowa and Republican Richard Lugar of Indiana, introduced legislation called the ‘American Fuels Act of 2007.’ It aimed at promoting the use of ethanol and provided mandates for the use of more biodiesel.”

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 is unlikely to happen if Obama is elected. At the very least, McCain has signaled that he is no fan of ethanol.

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