Partners
in Ethanol Crime
Corn-fuel
mandate has been an invitation to mass fraud
Nic Houslip has spotted an online article from the Wall Street Journal the other
day (25th April) which highlights some concerns over the wisdom and sustainability
of the policy in the US of the heavy use of ethanol in motor fuel.
Posted: 140427 |  | An
online Wall Street Journal article headed "Partners in Ethanol Crime"
says the
corn-fuel mandate has been an invitation to mass fraud. The
article highlights some disturbing features of the ethanol production for motor
fuel in the US.
"Ethanol is losing political steam on the left and
right, but the fuel retains a powerful patron in the Environmental Protection
Agency. On Wednesday the EPA retroactively reduced the 2013 gasoline-blending
mandate for cellulosic ethanol to 810,185 gallons from six million. If that sounds
like a big cut, 810,185 gallons is precisely every last drop the industry managed
to produce. The 2014 mandate is nonetheless pegged at a preposterous 17 million
gallons. An even better measure of the EPA's tie-up with the ethanol lobby is
the protracted delay of rules meant to keep criminals out of the alternative fuels
markets. Ethanol has always been a scam on taxpayers but the mandate has proved
to be an invitation for mass fraud." See
the WSJ article
The
unintended consequence of attracting criminal activity is a real concern. | | V8
Register - MG Car Club - the
leading group for MG V8 enthusiasts at www.v8register.net |
|
