“Thirty years ago, Democrats selected ethanol as their renewable energy of choice. Their ethanol agenda has proven to be a total disaster. But, it is a well hidden disaster. Democrats continue to push ethanol as the renewable biofuel which will eliminate our dependence on foreign oil and our necessity to drill for US oil. It is surprising that Democrats have been able to fool so many Americans about ethanol for so long.”
Not only has the Democrat Party left us vulnerable to other oil producing nations, but its ethanol agenda has created vast imbalances in the world’s food supplies as corn is diverted from domestic use and as a factor in our agricultural exports.
If you had heard Sen. Reid, a man who has said, “Oil makes us sick. Coal makes us sick. Global warming makes us sick,” you would have heard him attack oil as the reason for all the woes of the world. “President Carter warned us about it in the 1970s when he proposed real solutions – conservation, fuel efficiency, and alternative fuels – to what he correctly named the ‘moral equivalent of war.’” President Carter, whose weak response to the taking of U.S. diplomats hostage by the Iranian Revolution led to the election of Ronald Reagan, was wrong then and he is wrong now.
So-called “clean energy,” wind and solar, provides barely one percent of the nation’s need for electrical power. It does so only because of the massive subsidies, like those for ethanol, the federal government provides, but Harry Reid could not resist characterizing the Bush administration as rife with “oil industry cronies.”
He made no reference, however, to the Democrat’s agriculture cronies. As Graham points out, “Democrats gave ethanol a 40¢ per gallon government subsidy in 1978. In 1980, Democrats gave insured loans to build ethanol plants.”
“Currently, the government subsidy is 51¢ per gallon through 2010. Last year, the government subsidy payout for ethanol was $3.3 Billion. The government subsidy will increase to $18.4 Billion in 2022. Ethanol is causing severe economic harm to the American economy, not even considering the increase in the cost of all food products made from corn.”