How the oil industry saves $4.4B a ye...

How the oil industry saves $4.4B a year on taxes

There are 21 comments on the WKYC story from May 12, 2011, titled How the oil industry saves $4.4B a year on taxes. In it, WKYC reports that:

Motorists are paying nearly $4 for a gallon of gasoline as the oil industry reaps pre-tax profits that could hit $200 billion this year.

Join the discussion below, or Read more at WKYC.

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“Bill Clinton could have ”

Since: May 10

Prevented this

#22 May 13, 2011
Swen Goolie wrote:
Ethanol does not hurt cars anymore, they have been designed to run on it for years. the standard ethanol blend gets slighty lower fuel mileage than non-blended gas, and the 85% ethanol blend gets about 10% less gas mileage per gallon..
Ethanol is still hurting cars...plastic fuel intakes have been dissolved by the blending of ethanol into our gasoline, or their fuel pumps destroyed. The average cost of repairs is just shy of $1,000. Jan. 16 of this year, Lexus ordered a massive recall of certain 2006 to 2008 models, including the GS Series, IS and LS sedans. According to the recall notice, the problem is that "Ethanol fuels with low moisture content will corrode the internal surface of the fuel rails." In layman's terms, ethanol causes pinpoint leaks in the fuel system; when leaking fuel catches your engine on fire, that's an exciting way to have your insurance company buy your Lexus. Using ethanol will cost Toyota (TM) untold millions.

An Unpublicized Trend
Though the media is ignoring it, one can easily find many stories on BMW (BMWG.DE) blogs relating similar problems with fuel systems damaged by the use of ethanol. Certainly that was the case with Christi Jordan and her 2007 Mini. For weeks it was difficult to start; Moritz BMW in Arlington, Tex., inspected it and found severe carbon buildup inside the engine. On her second trip to the mechanics they decided to test the ethanol content of Christi's fuel and found it was much higher than the federally mandated limit of 10%. This time the fuel pump had been destroyed by the ethanol. The repair bill came to $1,200: As in all cases where vehicles are damaged by ethanol, legally the factory warranty no longer applied.

Jim Keppler, Moritz's fixed operations director, said he's had at least 10 other cases of ethanol poisoning in Minis over the past six months. Christi was one of the lucky ones; Moritz covered her repairs. But there's no telling how many motorists across the nation have had to pay for fuel pumps, or fuel systems, that ethanol damaged. Most were probably unaware of the real culprit behind the breakdown, because virtually no repair shop tests the level of ethanol in the gasoline when these fuel system problems occur.

And there are active lawsuits from boat owners; ethanol broke down the resins in their fiberglass gas tanks, destroying their marine engines. Additionally, those who deal in small gas engines for lawnmowers, edgers, and weedeaters have quickly learned that, as Briggs & Stratton's (BGG) Web site warns, "Ethanol-blended gasoline can attract moisture, which leads to separation and formation of acids during storage. Acidic gasoline can damage the fuel system of an engine while in storage. B&S strongly recommends removing ethanol-blended fuels from engine during storage."

Like motorists, if landscaping tool owners put gasoline with more than 10% ethanol in their small engines, that immediately voids any factory warranties. In the case of the Lexus recall, using just a 10% ethanol blend was found to be destroying many of these engines also.

Another Government-Mandated Mistake
It now appears that in just a few years since the government forced ethanol use on the country, engine and fuel system failures caused by ethanol are causing major damage to more and more new and used vehicles. This means the hapless owners are not only paying for snake oil in lower fuel efficiency and more smog, but pay again when it damages their vehicles and lawn mowers.

We seem to have forgotten, but the promise of turning over farmland for fuel production was to reduce our nation's demand for imported crude.

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