August 28, 2013
The Renewable Fuel Standard signed into law by President George. W. Bush has
rightly been chastised by the oil industry, which requires refineries to add
(or blend) massive quantities of biofuels into gasoline. The predictable
results have been disastrous. Consider just a few of the consequences: The
ethanol mandate means that nearly 50% of the country's corn harvest goes toward
biofuels, which artificially drives up inflation in the food market.
Additionally, a lackluster 5% of autos are under warranty for concentrations of
ethanol higher than 10%, leaving "Big Oil" to buy ethanol it can't
blend into gasoline just to meet EPA requirements. In short, the fantasies that
ecofascists dreamed up while expanding the law over the years have devolved
into failed expectations -- but at least it makes them feel good about
"saving the planet."
Given the odious effects of the mandate, legislators on both sides of the aisle
have taken steps toward repealing the law. And Big Ethanol isn't happy about
the interest in shutting it down. Growth Energy, a corn ethanol group, is
launching an advertising campaign set to air on major networks, blasting Big
Oil. "While Big Oil may be one of the largest and well-funded industries
on the planet," the group said in a statement, "they are not entitled
to use their influence to control Congress to maintain unbridled control over
the transportation fuels marketplace." Cute, considering that's exactly
what these hypocrites have done to implement draconian biofuel mandates.……..Editor's Note: This was part of a commentary summarizing recent
events from the Patriot Post titled,
Leading From Behind in Syria, and appeared in full here.
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