Monday, June 24, 2019

Ethanol forever, because there’s really no way to get around its powerful interests.

Still, during the "Peak oil" panic, the government began mandating refiners of petroleum to add a certain percentage of ethanol to the gasoline they produced.

Gasoline cut with ethanol would go further and ease the inevitable transition to electric vehicles and the more immediate, and dire effects of the looming scarcity and the global warming crisis.

Authorities like Al Gore promised that producing enough ethanol and blending it with gasoline in the right proportions might help us avoid prices of four dollars a gallon, and more, at the pump.

So refiners were now obligated, by law, to add ethanol to the gasoline they produced and that was generally available at the pump.

We are blessed with an abundance of both ethanol and crude oil.

The thing is, those farmers who had gone all in on corn for ethanol - and the refiners who had built an industry to service them - were now a political dependency and they were not going down without a fight.

There are escape clauses in the ethanol regulations that allow the EPA to exempt some small oil refiners from the ethanol mandates and the Trump administration had been using them to grant more and more waivers.

https://spectator.org/corn-at-the-pump/

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