Townhall
Stop
Foolish Ethanol Mandates
by Ken Blackwell
Aug 24, 2013
The
problems continue at President
Obama's Environmental Protection Agency. Under fire for their
leadership using
private email addresses to illegally conduct official business and
enacting new
regulations through coordinated lawsuit settlements with outside
environmental
groups, the EPA shows no sign of slowing down in Obama's second term.
Last
month, in an attempt to
deflect attention from scandals at the IRS, the NSA and the embassy in
Benghazi, the Administration has turned its attention to the issue of
climate
change.
At
the center of their new
environmental policies is the EPA's Renewable Renewable Fuel Standards,
which
mandates the use of ethanol and biofuels in the production of gasoline.
This a
prime example of misguided government regulation, as it punishes
companies to
use a type of hybrid fuel - known as cellulosic biofuel - which does
not yet
exist on the commercial market. In addition, drives up prices at the
gas
station for consumers (10 cents/gallon in 2011), while simultaneously
driving
up cost of food.
Record-high
corn prices have also
led to increased pressure on other grains such as wheat and soy - both
of which
have jumped in prices and are found in animal feed and numerous food
products.
Experts at the agriculture investment house Rabobank estimate there
will be a
historic 14% jump in overall food prices in the next year. As our
economy
recovers, this is the last thing struggling families should have to
endure...
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