Quote:
Originally Posted by Purple Penelope
The oil companies are driven by a federal mandate in 2005 which required renewable fuels be mixed in the gasoline supply. The oil companies have done so by mixing corn based ethanol with gasoline.
A gallon of ethanol costs about $2.24 to produce while a gallon of gasoline costs 63 cents. Also a 90-10 (ethanol) blend reduces mpg by about 3%. Quite obvious that the ethanol mandate increases demand for corn while reducing available farmland for other crops resulting in higher food prices.
The issue gets right back to Big Government being the root of the problem....politics at its best.
P/P
Peace  |
Plus I think there is about a 50 cent Federal subsidy to produce ethanol that we pay for.
