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Busy week on the ethanol front.. Icahn in trouble..?!?
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JonSCKs
Posted 3/12/2017 21:01 (#5895457 - in reply to #5895056)
Subject: Wow.. you must REALLY HATE the CRP.


Given all those views you must REALLY HATE the CRP.. with it's 23.49 myn acres.  

( https://www.fsa.usda.gov/Assets/USDA-FSA-Public/usdafiles/Conservation/PDF/dec2016onepager.pdf )

Since you have a problem with mandates in a free market.. how do you feel about subsidies?  Specifically Fossil fuel subsidies?

Estimated subsidies are $4.9 trillion worldwide in 2013 and $5.3 trillion in 2015 (6.5% of global GDP in both years). Undercharging for global warming accounts for 22% of the subsidy in 2013, air pollution 46%, broader vehicle externalities 13%, supply costs 11%, and general consumer taxes 8%. China was the biggest subsidizer in 2013 ($1.8 trillion), followed by the United States ($0.6 trillion), and Russia, the European Union, and India (each with about $0.3 trillion). Eliminating subsidies would have reduced global carbon emissions in 2013 by 21% and fossil fuel air pollution deaths 55%, while raising revenue of 4%, and social welfare by 2.2%, of global GDP.

( http://www.sciencedirect.com/science/article/pii/S0305750X16304867 )


Over the past century, the federal government has pumped more than $470 billion into the oil and gas industry in the form of generous, never-expiring tax breaks. Once intended to jump-start struggling domestic drillers, these incentives have become a tidy bonus for some of the world's most profitable companies.

Taxpayers currently subsidize the oil industry by as much as $4.8 billion a year, with about half of that going to the big five oil companies—ExxonMobil, Shell, Chevron, BP, and ConocoPhillips—which get an average tax break of $3.34 on every barrel of domestic crude they produce. With Washington looking under the couch cushions for sources of new revenue, oil prices topping $100 a barrel, and the world feeling the heat from its dependence on fossil fuels, there's been a renewed push to close these decades-old loopholes. But history suggests that Big Oil won't let go of its perks without a brawl.

( http://www.motherjones.com/politics/2014/04/oil-subsidies-renewable...

I again draw you to this graph..  How well of a job did the "free market" do going into the Pre Ethanol boom of $130+ Crude with the US sending Troops to defend FOREIGN sources of petroluem?

 
https://www.eia.gov/energyexplained/index.cfm?page=oil_imports )

Note that the PRODUCTION response in the graph above includes.. "renewable fuels."
Since US Crude Oil production has yet to exceed it's 1970 record.. I noticed that descrepancy..

( https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcrfpus1&f=a )

Although we have a ways to go to totally close the import gap.

However, I'm sure as a "cattle feeder" that you enjoyed the subsidies of grain buying down your costs.

However like White Shadow.. I agree with his perspective of supporting all areas of Agriculture.  

Including livestock feeding.  

How was it going competing for the consumers dollar when we were importing $100 per bbls crude?  While paying the taxes to support the military to facilitate such a wonderful "free market" scheme.
 



Edited by JonSCKs 3/13/2017 00:01
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