It is always foolish for a country to order the burning of its food supply, but it takes a special kind of depravity to do it in the midst of a severe drought.
The Obama Administration’s anti-hydrocarbon ideology and “renewable” energy mythology continues to subsidize crony capitalists and the politicians they help keep in office – on the backs of American taxpayers, ratepayers and motorists. The latest chapter in the sorry ethanol saga is a perfect example.
EPA’s E-15 ethanol plan is bad for our pocketbooks, environment and energy policy.
Congress finally did something right. Or rather it did nothing at all, which was just the right thing to do in these wasteful circumstances. It let the ethanol tax credit expire after 30 years.
The headline reads like a piece from the Onion: "U.S. Navy Paying $15/Gallon for Green Fuel." But it's real enough.
The next time you hear someone rail against greedy speculators, tell them you’d rather pay lower prices for goods and services than listen to them whine about something they didn’t know anything about.
It's becoming clear: Obama thinks American voters are stupid. Anyone believing Obama's current campaign promises is either gullible or amnesia-prone. Increasingly, his campaign speeches indicate a rather pitiful and cynical hope that Americans will not remember his earlier promises nor will they recall past decisions by the Obama Administration that have failed so spectacularly. Obama’s reelection strategy seems dependent upon an ability to fool most of the people one more time.
It is time for our leaders in Congress – the ones lifted into power by a conservative wave – to take a bold, principled stand and put an end to energy subsidies. These subsidies distort private sector investment, waste taxpayer dollars, and allow the government to pick winners and losers.