Ethanol Conspiracy Theories Ignore Fuel’s Legitimate Shortcomings
October 26, 2007 | Filed Under 00Publius Contributor, Business, Congress, Democrats/Leftists, Energy, IER, News, Security/Safety, Society/Culture, Technology, Uncategorized | Comments Off
IER Press Release
“Cellulosic ethanol is akin to the tooth fairy; it’s an entity that many believe in, but no one ever actually sees.”–“The Senate’s Ethanol Delusion,” by Robert Bryce, Energy Tribune
Washington, DC—Yesterday, Renewable Fuels Association President Bob Dineen issued a statement urging Congress to pump billions of subsidies into ethanol. Dineen’s rhetoric begs lawmakers to create an artificial market for ethanol, build the extra infrastructure needed for transport, and condemns anyone who speaks about its shortcomings as part of a “coordinated offensive of mistruths”. These statements undermine the effort to have a serious debate about the right way to diversify our energy sources and increase America’s energy security. The ethanol industry has been getting super-sized subsidies for more than two decades. Throughout that time, cellulosic ethanol has always been “right around the corner.” We should be looking to innovators and entrepreneurs to develop the next great technological breakthroughs in energy—not to lobbyists seeking more handouts in Washington.
Despite Dineen’s accusation of an “insidious campaign” by the fossil fuels industry against biofuels, there are a myriad of legitimate concerns about ethanol. Those concerns include, but are not limited to, ethanol’s effect on food prices, its huge water demands, and its overall financial cost. (For more on this see the recent Wall Street Journal editorial, “Ethanol’s Water Shortage”)
Closed-door Energy Taxes Will Harm US Competitiveness
October 18, 2007 | Filed Under 00Publius Contributor, Democrats/Leftists, Energy, IER, Science, Security/Safety, Society/Culture, Technology, Uncategorized | Comments Off
IER Press Release
Pelosi rushes backdoor bill, neglects pro-growth solutions in favor of failed policies
Yesterday, a panel of experts from energy policy and economics organizations discussed the harmful effects of this proposed legislation. Robert Murphy, economist for the Institute for Energy Research (IER); Ben Lieberman, senior policy analyst with the Heritage Foundation; and Margo Thorning, senior vice president and chief economist with the American Council for Capital Formation explained possible unintended consequences for consumers and businesses of higher taxes on the oil and gas industry. For example, the Windfall Profits Tax of the 1980s resulted in lower domestic oil production, higher oil imports, and a depressed U.S. oil industry with reduced profits that limited the development of technologies for obtaining oil in deeper off shore and on shore wells.
“This proposed tax hike would generate only $15 billion, whereas opening exploration in the Alaskan National Wildlife Reserve [ANWR] would generate $75 billion in revenue,” Lieberman explained. This type of pro-growth strategy, he added, would preserve American goals of increased supply and energy security, whereas taxes undermine them. Lieberman characterized the current proposal as “raising taxes on energies that work in order to subsidize energy sources that don’t work,” referring to the economic inefficiency of biofuel and wind energy.
Read more
Social Networking
Help the Soldiers!
American Genius
Our Founding Ideas- The Declaration of Independence
- The Federalist Papers
- The U.S. Constitution
- Debates of 1787
- The Anti-Federalist Papers
- The Writing of John Locke
"Governments are instituted among men,deriving their just powers from the consent of the governed." Declaration of Independence July 4, 1776
Recently Written
Featured Sites
What THEY Say:
Foreign News In English
Illini Alliance
Blogroll
of Thinking
Political Parties
Contact Us
Email Publius' ForumArchives
Links
Other Blogs
MilBlogs
Religion
Gun Rights
Education
Separation of School
from State
Radio Hosts
| Blog: |
| Publius' Forum |
Topics: |
| Politics, News, Commentary |
