Redstate

By mdetlh Posted in Life Issues — Comments (2) / Email this page » / Leave a comment »

Recently a Contract with America brainstorming blog posted with the idea that the corn subsidies should end. Sen Hutchinson proposes the idea of freezing current ethanol production, so that progress toward the total current corn crop being produced by 2022 doesn't progress any further for the time being to assess the move towards the subsidized fuel.
Of course a problem with the above cold turkey government cutoff is that Billions have already been spent on the ethanol refining capability.

Rush posted the link to Ariel Cohen's analysis of the oil crisis in which we are trading oil to countries and people who would do us harm. http://www.nypost.com/seven/05112008/postopinion/opedcolumnists/over_a_b...

He doesn't dismiss the use of ethanol but rather a move to Brazilian sugar cane and other sources.
Check it out for yourself,
"Finally, Iran, Russia, Venezuela, and even US friend Kuwait are dumping the greenback in favor of the Euro in energy transactions. This is likely to decrease demand and increase the supply of dollars, sending the US currency into a tailspin. Weaker dollars and higher inflation may add insult to injury in the prolonged process of America's economic deterioration.

To stave it off and to combat its oil-rich adversaries, the US needs, in the short term, to expand its domestic energy sector. Increasing oil and gas production in the West, along the Pacific and Atlantic continental shelf, and in Alaska will help, and so will a coal and nuclear power build-up.

The US Congress should also abolish corn ethanol subsidy and lift tariffs on the really competitive ethanol made from sugar cane. Brazil and Africa can produce more ethanol than Iowa and Nebraska. However, in the long term, more advanced technological solutions are vital to stem the global wealth redistribution to OPEC potentates and other America-haters.

World powers have risen and fallen over major economic factors. This should never be the case of our nation. The oil potentates should know that the US will not be intimidated - or bankrupted out of existence.

Ariel Cohen, Ph.D., is Senior Research Fellow in International Energy Security at The Heritage Foundation and the author of The Real World, a weekly column published in The Middle East Times.