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Re: One more thought, then I'm done


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Posted by oldtanker on November 28, 2013 at 07:07:53 from (66.228.255.116):

In Reply to: One more thought, then I'm done posted by flying belgian on November 27, 2013 at 12:28:09:

I've read/heard about oil being subsidized by the companies receiving tax breaks for things like for exploration. Well, if a farmer plants an experimental crop they write off the cost of tillage, planting, fertilizing, depreciation of equipment, weed control and harvesting (farmer may also qualify for grants for an experimental crop). If JD spends money developing a new tractor they write that off. If a company pays for market research they too write that off.

The government isn't forcing people to use gas or oil. They do force people to use ethanol. So by mandate ethanol has a government guarantied market.

"Our children lives subsidizing oil"? Today, with current population levels we need certain things to survive. Food and oil are the 2 biggest items. Now the American farmer has proven that they can indeed feed the US. We may not get everything we like to eat from the US but farmers can produce more food than Americans can consume. We can live and live well if we stopped importing any food. We cannot live without importing oil at this time. Over 40% of our daily needs has to be imported. Not only used to move our collectively lazy back sides around but it plants our food, takes others to and from work, moves goods to the consumer, heats our homes, cooks out food and plants/harvests our food. So oil is vital to our national security. Cheap oil is just as important. So our young men and women, in harms way, in the middle east, are not subsidizing oil. They are protecting us and our way of life. You cannot say that about ethanol.

Other than making corn prices artificially high and putting more money in some farmers pockets show me what good ethanol does. Don't get me wrong. Farmers should make money. But they should do it the same way most other businesses do. By meeting supply and demand. Not by chasing last years prices. If you can't make a living or a reasonable profit without government intervention maybe you shouldn't be farming.

Corn growers who advocate ethanol because it drives up the price of corn are no better than the companies operating out of sheer greed IMO. You can't "feed the world" if the people can't afford to eat.

Rick


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