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| One negative that comes to mind is the reducing/eliminating of the $.51 blenders credit and to opening of imports for ethanol. Brazil has ramped up production to have some of the Asian countries change their minds and say "No thanks". So Brazil has all sorts of production ability. With their use of sugarcane, their cost is greatly reduced compared to our ethanol production costs. I have too much faith in govt listening to 98% of the US population crying about high food costs for them to think about the ramifications on the 2% agriculture base. "The squeaky wheel always gets the grease." And with the consumer crying because they bought too $$ house and now in bankruptcy and every news cast talking recession/depression, govt will crack and burst the dam so as to let the consumers buy more speed boats, jet skis, eat out more, buy cars, etc. Solve the consumers headache and many of the govt headaches will be reduced and govt will see this by eliminating the blenders credit--ultimatly lowering ethanol. I know that the oil companies get the blenders credit, but do you think that once they have gotten used to that money, they will want to have it reduced? Probably each oil company has more attys and lobbyists than all agriculture, let alone all the oil companies together. | |
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$6.00 corn, maybe more.
