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Fuel standards, ethanol, etc.

Saturday, June 30 at 2:00 PM

Peter Zentrich of Aurora writes:

When are Politicians going to learn? The Majority of Voters do not favor any of the current proposals regarding Fuel Efficiency Standards (CAFÉ) and increased use of Bio Fuels. We haven’t forgotten about those bio-fueled vehicles which wouldn’t start when it got cold nor have we forgotten the increased cost to travel 100 miles using E 85. They are impractical and unworkable and no amount of debate is going to change that. There is also the unintended consequence of upsetting our economy. Because of the push for Ethanol as a motor fuel our food prices have been increased and supplies of exportable Yellow Corn and Soybeans have decreased. Also being on a fixed income, (retired), I am very sensitive to these two immediately felt consequences of the current Ethanol program. Additionally, as an investor, I am currently sitting on cash reserves which if left uninvested generate no income for me or taxes for the Government. Though there are more than adequate crude supplies for the near term, the long term is another matter. We have developed technologies and the resources to support them which could solve our long term fuel requirements. These technologies are ready to be implemented today. However due to Congressional talk about new taxes, my plans to invest in an oil company, which was going to build a new refinery, a pipeline company to transport it’s product to market and supply some small amount of venture capital for research and future product development, are currently, like those of industry on hold.
In closing, this is a reminder to our politicians that we do vote our pocket books and the consequences of poor legislation will most assuredly live to at least the next election, if not well beyond.

This letter has not been edited.

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