| Theres a boatload of ethanol which gets shipped south into Oklahoma and Texas.. not to mention an export facility on the Texas gulf.
Ethanol is a superior cheaper product which sells on it's own merits.. when Big Oil isn't stacking the deck against it.
Tex.. you talk about the importance of Oil to states like Oklahoma and Texas.. no doubt..
Flip side what about Nebraska with NO Refineries.. virtually NO Crude Production to matter while the state has something like 26 ethanol bio refineries plus all the Agricultural infrastructure to make it go..
Ditto Iowa.. South Dakota Minny Illinois etc..
The property tax hit alone would probably bankrupt the state of Illinois.. (not that Chicago isn't doing it's part already..) If Land Values go down in this trade war/ethanol attack.. It's going to get FREAKING BLOODY in many Cornbelt state legislatures over WHERE to FIND the LOST REVENUES!!
Ya'll in Crude Oil dependent states are used to it.. Cornbelt states are gonna be livid over it.. and already are.
The people like Pruitt and his likes who are pushing this idea.. have NO CLUE about the Tsunami headed their way over this!!
It makes about as much sense to us.. as us coming down and saying..
"Why don't ya'll just give up on this crude oil thing and close down all your refinery's."
plain and simple.. an equivalent statement.
Illinois alone WILL BE Bankrupt within 5 years.
Soybeans continue to slide.. to say..?? $6.00 this fall.. like they could.. and Nebraska Property taxpayers would probably Burn their Capitol buidling in revolt.. and given the outlook on the trade tariffs.. that could be what's coming..
???
Wilber Ross deserves some of the blame.. and Scott Pruitt the rest.. along with Carh Ichan.. all three should get run out of the Country over what they are trying to do.
"President Warren announced today the implementation of her carbon tax.. 'sure we may have to close some crude oil refineries in Oklahoma, Louisiana and Texas.. but afterall.. it's a SMALL PRICE to Pay for our environment.."
spot on.. keep digging guys.. keep digging..
Edited by JonSCKs 7/1/2018 08:16
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