Sources: Politico Pro [subscription only], via Green Car Reports, Feedstuffs [leaked draft]
quote: In other words, it appears there's very little natural demand for these fuels and these industries could dry up were the U.S. to operate as a free market.
quote: Tell you what, let's remove the massive subsides to the oil industry (excuse me, the insanely profitable oil industry) first. OK?
quote: On the other hand the picture is slightly muddled by the fact that the federal government also manipulates the market to benefit the oil industry, which it gives certain land grants, tax breaks, and other handouts. Thus it's hard to tell exactly what a free U.S. fuel market would look like, given the scale of market manipulation both with fossil fuels and alternative fuels that the U.S. government has engaged."Tell you what, let's remove the massive subsides to the oil industry (excuse me, the insanely profitable oil industry) first. OK? Then we can gripe about the lack of demand, and inefficiency of trying to build up a US controlled renewable fuel source once we see what an open market actually looks like.
quote: Tell you what, let's remove the massive subsides to the oil industry
quote: There are no massive exclusive oil subsidies
quote: They return hundreds of billions back to the treasury in taxes
quote: how about the $85 billion per month the Obama Administration is pumping into Wall Street?
quote: The three oil giants mentioned above paid more income tax than any other American corporation. ExxonMobil paid $27.3 billion in income tax, Chevron paid $17 billion, and ConocoPhillips paid $10.6 billion.
quote: and the total of that would be, oh say about $60B.
quote: Corn is usually dried in the fields, for free
quote: Even Jason doesn't begrudge the use of grain for the production of drinking alcohol- just it's use in his gasoline.