Corn Belt boom halts with ethanol surplus

There are 5 comments on the South Florida Sun-Sentinel story from Sep 30, 2007, titled Corn Belt boom halts with ethanol surplus. In it, South Florida Sun-Sentinel reports that:

The ethanol boom of recent years - which spurred a frenzy of distillery construction, record corn prices, rising food prices and hopes of a new future for rural America - might be fading.

Join the discussion below, or Read more at South Florida Sun-Sentinel.

JCE

Pompano Beach, FL

#1 Oct 1, 2007
Another Great American boondoggle!! Run full force ahead, with out any science, just pour taxpayer money into a ill conceived, feel good, political vote buying, project. It was sold on the premise that it was less-polluting alternative to gasoline. Instead it is more polluting than gasoline, more expensive, and uses more fossil fuels in equipment manufacture, fertilizer, pesticides, and general production, much less the pollution this creates. AND the under reported fact that it is highly FRESH water intensive and polluting. Apparently no thought had been given to the fact that we are running out of fresh water. Ain't America Great??
DANIEL D MARTIN

Hollywood, FL

#2 Oct 10, 2007
E-85 $2.59 Price in the only gas station that sells it in South Florida
Good profit for a start!
DANIEL D MARTIN

Hollywood, FL

#3 Oct 10, 2007
Go ahead with ethanol,congratulations Ugas in MIAMI
Iwish we will be as far as Brazil,buying more ethanol than gas and distributing ethanol in all our gas stations,They also mix 25% ethanol on regular unleaded gas for use by any gasgutting vehicle.We ,so far ,can only dream being there but really need to!
Wolf52

West Babylon, NY

#4 Oct 15, 2007
This is the biggest waste of tax dollars to promote something that couldn't get private investors to take a second look. Ethanol is more expensive to produce here, harder to transport, and produces less energy than gasoline. Even vehicles that run on flex fuel will get about 4 to 6 less miles per gallon using E-85 and spend about the same at the pump as they do for regular gasoline. Now for the worst end of this stupid idea. If you have a bad crop of corn, it will affect the cost of fuel drastically. With higher demand for corn in ethanol production, you end up paying more for beef and even soda or corn sweetened products.
The farmers will sell the corn to the highest bidder. It is a business, you can't blame them.
We are being taxed approxamately .55 cents a gallon to subsidise the cost of building Ethanol Plants which cost about 100 million dollars each.
The real problem is that we have not built any new refineries since the mid 70's. As demand goes up for gasoline, we still have a hard time meeting the demand because of not enough refineries.
For all you heard about gasoline being in short supply and the price per barrel going sky high, I haven't seen one gas station closed with a sign that read "OUT OF GASOLINE". We just drove in and filled it up and PAYED what ever was on the pump.
We're getting played by not only the oil companies, but our own government stooges who are in bed with the oil companies and now the farmers.
We had all the ethanol we needed from Brazil and for far less. It's like spending $10.00 to make $2.00. But then again, how efficient can our own government do anything without taking a loss?
Rooster

Mokane, MO

#5 Jul 25, 2009
You need to visit: www.capitalistrooster.com

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