Just asking.

Because nothing that competes with $90+ per barrel for oil needs a production subsidy, assuming for a moment that it ever did.

If biofuels are worth making at all, then the makers must be making money hand over fist right now, eh? So why are we pouring state subsidies and production equipment tax credits on top of the federal subsidies?  Shouldn’t we end those production subsidies and redirect that money into R&D so that we can all enjoy that good cellulosic pie in the sky?

Or hell, I don’t know, help provide medical care for kids rather than give the money to the corn lobby which is (and, as Dave Barry would say, I am not making this up) bringing corn to Oregon from the Midwest to make ethanol with.

Or we could use it to do some statewide peak oil planning and preparation, since it appears to have arrived.

This entry was posted on Friday, October 26th, 2007 at 7:36 pm and is filed under Energy Future, Environment, Tax Reform/Tax Fairness. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.