Ethanol subsidies spawn coal subsidies


The march begins with no question of results
The global warming movement was never about saving the planet, it was always about controlling the economy. If you need proof, just look at the latest.

Even as Congressional leaders draft legislation to reduce greenhouse gases linked to global warming, a powerful roster of Democrats and Republicans is pushing to subsidize coal as the king of alternative fuels.

Prodded by intense lobbying from the coal industry, lawmakers from coal states are proposing that taxpayers guarantee billions of dollars in construction loans for coal-to-liquid production plants, guarantee minimum prices for the new fuel, and guarantee big government purchases for the next 25 years.

With both House and Senate Democrats hoping to pass “energy independence” bills by mid-July, coal supporters argue that coal-based fuels are more American than gasoline and potentially greener than ethanol.

Ethanol is no greener than gasoline and a great deal more expensive to produce, but this new push compares coal and coal derived fuels to ethanol, not to gasoline. And then it is only potentially greener. This is a disruption of the free market, no different in principle than the ethanol subsidies, just with a different justification.

If coal subsidies make no sense, then ethanol subsidies make no sense.

From there it is only a few steps to prove that government interference in the free market makes no sense.

— NeoWayland

Posted: Tue - May 29, 2007 at 03:24 PM  Tag


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