Saturday, April 26, 2008

Texas Shoots At Ethanol

Texas Governor Rick Perry Ethanol Renewable Fuel Standard RFSFalsely claiming ethanol raises food prices, Texas Governor Rick Perry has asked for a waiver from the Renewable Fuel Standard for fuel made from grain.

The governor claims that getting this waiver will provide "relief at the grocery store".

Quick---Somebody get the man a doctor because he must be blind!

Just last week, Texas A&M University prepared a report on the impact of ethanol on Texas that some had hoped would bolster the governor's request. But the results proved otherwise.

The Texas A&M report found that oil is the cause of rising food prices and that rolling back the RFS would not reduce food prices:
"The underlying force driving changes in the agricultural industry, along with the economy as a whole, is overall higher energy costs, evidenced by $100 per barrel oil."

"Relaxing the RFS does not result in significantly lower corn prices. This is due to the ethanol infrastructure already in place and the generally positive economics for the industry. The ethanol industry has grown in excess of the RFS, indicating that relaxing the standard would not cause a contraction in the industry."
And just this week, Iowa State University found that ethanol reduces gas prices up to 40 cents a gallon.
This analysis suggests that the growth in ethanol production has caused retail gasoline prices to be $0.29 to $0.40 per gallon lower than would otherwise have been the case.
These two reports are just the latest on the many that show the many benefits of renewable energy.

Falling for the oily bait of the oil companies to wound and kill competition to gasoline, the Texas governor's plan would cause more pain for more Texans. Rising fuel prices are increasing costs for all Americans at the pumps and the grocery store, creating great wealth for countries hostile to us and leaving us vulnerable to more economic and political disasters.

Texas should rejoin the other states in the Union who are building a cleaner, brighter renewable energy future.

"Remember the $2.00 gas!" and "Don't mess with RFS" might be two new mottos for Texas.

Source: Texas Governor Rick Perry

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