The Clean Energy Scam

by thoughtfulconservative

time-cover.jpg

Yes, another TIME magazine cover on ethanol.

But this time it’s a different tune.

Propelled by mounting anxieties over soaring oil costs and climate change, biofuels have become the vanguard of the green-tech revolution, the trendy way for politicians and corporations to show they’re serious about finding alternative sources of energy and in the process slowing global warming. The U.S. quintupled its production of ethanol–ethyl alcohol, a fuel distilled from plant matter–in the past decade, and Washington has just mandated another fivefold increase in renewable fuels over the next decade. Europe has similarly aggressive biofuel mandates and subsidies, and Brazil’s filling stations no longer even offer plain gasoline. Worldwide investment in biofuels rose from $5 billion in 1995 to $38 billion in 2005 and is expected to top $100 billion by 2010, thanks to investors like Richard Branson and George Soros, GE and BP, Ford and Shell, Cargill and the Carlyle Group. Renewable fuels has become one of those motherhood-and-apple-pie catchphrases, as unobjectionable as the troops or the middle class.

This is what happens when you let politicians determine what happens in the market. We see it over and over again and yet we somehow believe that this time it will be different.

The small print you can’t read in the cover shot above reads,

Politicians and Big Business are pushing biofuels as alternatives to oil. All they’re really doing is driving up food prices and making global warming worse–and you’re paying for it.

As always, isn’t it?

The subtitle to the article, which is hard to find online says,

Hyped as an eco-friendly fuel, ethanol increases global warming, destroys forests and inflates food prices. So why are we subsidizing it?

Why indeed?

Next, and in fact already happening, environmentalists will bemoan increased mercury levels from broken and trashed energy saving bulbs. Recently mandated by our government.

Sound familiar?

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2 Comments to “The Clean Energy Scam”

  1. We found an interesting article about the problems with Ethanol on ConsumerReports.org:

    http://blogs.consumerreports.org/cars/2008/03/ethanol-e85.html

    “But there are some problems with increasing ethanol blends. Ethanol contains less energy than gasoline, so increasing the amount of ethanol in gasoline will likely result in lower fuel economy. Increasing standard fuel blends from zero to 10 percent ethanol, as is happening today, has little or no impact on fuel economy. In tests, the differences occur within the margin of error, about 0.5 percent. Further increasing ethanol levels to 20 percent reduces fuel economy between 1 and 3 percent, according to testing by the DOE and General Motors. Evaluations are underway to determine if E20 will burn effectively in today’s engines without impacting reliability and longevity, and also assessing potential impact on fuel economy.”

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  2. You said it, this is what happens when you allow politicians to interfere with market forces. Incompetent politicians, is in fact, the number one problem in the United States. It’s been over 200 years since Thomas Jefferson said “the best government is the least government”. It is indeed sad that today’s Americans do not demand the political compentence of our founding fathers.

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