You would think that a government ethanol subsidy would go to the companies that produce the ethanol. It does not. On Autoline Detroit, John McElroy reported that the subsidy goes to the fuel blenders. The blenders take gasoline and ethanol and mix them to get E85 and E10. The Big Oil companies are the ones that do the blending and are actively smearing bio-fuels. Companies that make as much profit as Exxon Mobil do not need a 51 cent per gallon ethanol subsidy. This subsidy should go to the ethanol producers, which is the way to encourage bio-fuel production.
Source Autoline Detroit


0 comments:
Post a Comment