“No Man’s life liberty or property is safe while the legislature is in session”.

- attributed to NY State Judge Gideon Tucker

Tuesday, November 30, 2010

Al Gore Comes Clean On Ethanol- At Last!

According to a recent Wall Street Journal staff editorial, Al Gore has finally come clean about his politically-motivated past support of corn ethanol.

Gore has admitted that he backed subsidies for the alternative energy because he needed the support of corn-growing Iowans to win a Democratic presidential nomination, as well as the continued votes of his home-state farmers, in order to maintain his House and Senate seats prior to being Vice President.

"Warm Boy" Al told a group of "clean energy financiers in Greece this week,"

"It's hard once such a program is put in place to deal with the lobbies that keep it going."

The editorial notes Al's opposition to "first generation" ethanol, leaving open subsidies for so-called advanced ethanol that the piece contends "is just a year or two away from viability for two decades."

Republican Senators DeMint and Coburn are pushing the new Congress to let current ethanol subsidies expire next month. When challenged by Iowa's Chuck Grassley, a GOP colleague, to treat oil and gas subsidies similarly, the first two Senators rose to the offer.

In effect, DeMint and Coburn know that oil and gas are economically viable and in demand without subsidies or tax preferences, while ethanol has no chance without them.

No comments: