Say Anything Blog

Republicans and Democrats alike have jumped on the ethanol train.  Production has gone through the roof, and now the legislature has a $45.6 million dollar plan that the State Senate has approved to promote this surging supply without a market demand.

As stated by the fiscal note this $45.6 million plan “addresses renewable energy issues, including a Biomass Energy Center, establishes a renewable energy policy, an energy independence research council and an energy independence development fund.”

Ethanol is the definition of a ponzy scheme.  First, promote an industry the market has not embraced; second, create incentives for more production than the market calls for to be made; finally, spend more money to promote that undemanded industry that ever imaginable before.

When the Democrats complain about Republicans not spending enough on education, just blame ethanol - the fuel that nobody wants.  After all, it was one of their ideas in the first place.

$45.6 million more to promote ethanol?

You’ve got to be kidding me.