Only 5 to 6 billion gallons of ACTUAL ethanol is being produced this year, so stop trying to Inflate and Exaggerate the actual effect and real number that is subsidized by the American Taxpayer and its consumption Mandated with the government putting a gun to the American Taxpayer's head.
Listen to this whole video: Before spouting off about data and facts that you either do not understand; or chose to manipulate to subsidize your lifestyle at taxpayer expense:
Here is a correction you supporters need to start using:
12.5 billion gallons of capacity of the US ethanol industry as of 01/01/2009.
25% of capacity idled due to incompetence as billions of dollars a year in American Taxpayer subsidies isn't enough to support this scam on the American people as of 01/01/2009.
Thus only 9.4 billion gallons of capacity remains.
BUT, AND THIS IS VERY IMPORTANT TO YOU ETHANOL SCAMMERS:
We need to deduct AT LEAST 32% because of the reduced fuel mileage of ethanol compared to real gas.(but the 32% reflects e-85 and using 100% ethanol, as the 9.4 shows, would make it closer to 40%)
Thus, only 5 to 6 billion gallons of ACTUAL ethanol is being produced this year, so stop trying to Inflate and Exaggerate the actual effect and real number that is subsidized by the American Taxpayer and its consumption Mandated with the government putting a gun to the American Taxpayer's head.
And, letís be honest, The beginning number of 12.5 is probably whack information, as for example,
(1) bankrupt Renew Energy of Jefferson, Wisconsin claims to be the biofuels industry leader for innovation and efficiency...yet they are bankrupt. Whack
(2) bankrupt Renew Energy until this week claimed on their website and to their bank (owed $140 million with interest), The Town of Aztalan owed $38 million in taxpayer supported revenue bonds), investors, customers, venders, and even the government that they had the capacity of 130 million gallons per year.
in the court documents filed by bankrupt Renew Energy in federal court, Renew Energy UNDER OATH claims ONLY 110 million gallons of capacity per year:
What a sneaky little lie to obtain extra undeserved financing from not only its bank and taxpayer funded subsidies (revenue bonds). Sneaky too how Renew Energy took all reference to this "huge bolded lying statement of 130 million gallons" off its home page.
I am sure 20 million gallons of fake capacity a year adds fraudulently to the bottom line of the lying documents Renew Energy supplied to everyone in this clear example of yet another scam within the Ethanol Scam itself.