Welcome, Guest. Please login or register.

Login with username, password and session length

American EPA okays ethanol fuel increase

American EPA okays ethanol fuel increase
October 14, 2010, 08:14:00 PM
Many things going on:

  • Corn derived ethanol filler is a big government subsidy for agribusiness
  • Cars 4 years or older will get engine damage
  • Consumers will be forced to buy autos more frequently thanks to damage
  • Last ditch ploy to get economy going but consumers already destroyed by interest-bearing debt
  • Ongoing Middle East wars for easy petrol access are obviously quietly acknowledged failures

Quote
Oct. 13 (Bloomberg) -- The Obama administration granted a request from ethanol producers to increase concentrations of the corn-based fuel additive in gasoline for vehicles made for 2007 and later. Ethanol makers rose in New York trading.

The Environmental Protection Agency today agreed to let refiners add as much as 15 percent ethanol to a new blend, up from the current 10 percent. A decision on using more ethanol in fuel for vehicles in model years 2001 through 2006 will be made after further testing, the EPA said in a statement.

http://www.businessweek.com/news/2010-10-13/epa-allows-15-ethanol-in-gasoline-for-newer-cars.html

Re: American EPA okays ethanol fuel increase
October 14, 2010, 08:56:31 PM
Great.  According to the report this looks as though it will cause harm, perhaps more than good.  I like the idea of getting less reliant on foreign oil, but this isn't the way to do it.  Not to mention it isn't clean, and this could probably affect some food prices.

Re: American EPA okays ethanol fuel increase
October 14, 2010, 09:12:02 PM
America has been replacing its food growing zones with corn-for-fuel growing zones. America is probably importing more food than it used to, and damaging some rainforests and seas elsewhere as a result which people everywhere have noticed. That in turn of course requires more fuel consumption than say, having cities and rural counties primarily access locally grown food rather than imports from 4000 miles away. We are in a real bind, a vicious cycle of needing to secure petrol harvesting zones all over the planet against competitors in the east, but needing the massive funding to keep doing so perpetually and the taxable consumers need full bellies/secure homes to keep being happy shoppers. This is not going to end well:

Quote
The truth is that the stock market is not a good barometer for what is actually going on.

What is really happening is that the U.S. economic system is literally coming apart at the seams.

Yet another piece of really bad economic news that just came out is that the number of home repossessions by banks set a new all-time record during the month of September.  The record total of 102,134 bank repossessions was the first time ever that bank repossessions climbed over the 100,000 mark for a single month.

The good news is that bank repossessions are about to come to a screeching halt.

The bad news is that it is because the U.S. mortgage industry is about to become completely and totally paralyzed by this foreclosure fraud crisis.

http://theeconomiccollapseblog.com/archives/the-real-horror-story-the-u-s-economic-meltdown