Thursday, July 31, 2008

Can I be a happy speeder with ethanol in my gas?

Hating to drop 60$ for a fill-up, I routinely seek out the cheapest gas price in town. Only recently did I notice the little sticker on the pump that says "this fuel contains 10% ethanol". Great! I thought, whatever saves me money!...I am all about saving money... but I am also concerned about the company that produces the corn for the ethanol. That company is Monsanto, and they push genetically modified corn that has been engineered to be immune to Roundup, which is also owned by Monsanto. The stock price of Monsanto is soaring with new regulations mandating ethanol. Their continued success is dependent on federal mandates and incentives that promote mandatory ethanol /gasoline formulations. Not all legislators are on board,though, "The ethanol industry, ... is facing a critical decision on its future, says the New York Times, as Gov. Rick Perry of Texas is asking the Environmental Protection Agency to temporarily waive regulations requiring the oil industry to blend ever-increasing amounts of ethanol into gasoline. A decision is expected in the next few weeks. Meanwhile, food prices have soared in the last two years as fuel has begun competing with food for cropland and the Biotechnology Industry Organisation is lobbying harder than ever to keep the ethanol boom going." See the full article at New York Times for a good reason to avoid Ethanol blended gas: In fact, Reuters reports that a multi-million dollar lobby group, the Alliance for Abundant Food and Energy, has been launched in Washington D.C. by Archer Daniels Midland Co, DuPont Co, Deere & Co, Monsanto Co and the Renewable Fuels Association to lobby for biofuels. The lobbyist have already proven effective, in that despite the fact that ethanol contains one-third less energy than gasoline, and reduces mileage by about 2 percent, federal measures have been passed that require 36 billion gallons of biofuels a year be mixed into the nation’s gasoline supply by 2022. While the Alliance argues that agricultural innovation (aka genetically modified crops), is the best way to address global hunger and the energy crisis, the world food prices continue to rise; causing food riots, hoarding and bread lines. How can you use the same field of crop to feed the hungry and fill gas tanks? Is it just me- or are there conflicts here? the biggest of which is that Monsanto et al. cares about world hunger so much that their push for biofuels has been blamed for the 40% increase in food prices last year. One thing is for sure, they are spending tons of money to lobby congress for continued biofuel subsidies. for more see Consumer Reports. For more on the Monsanto; read here:

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