It's always been all about money. Government of course gets the lion's share. With all the taxes on every gallon, uncle sam takes a clear net profit of just over 18 cents per gallon.
Oil company's profit for every gallon? on a good day they can net 8 cents a gallon.
So who's rackin' it it? Do the math.
E85 is going to end up going nowhere. They're finally finding out that the cure is worse than the disease. As much greenhouse gas as gasoline.
Economists have done the math (which unfortunately the "greenies" haven't), and even if every single kernal of corn produceable by the U.S. were diverted to E85 production it would replaced less than 15% of the imported oil.
But then of course most human food production would grind to a halt. All animal feed production would stop, as would most plastics production (yes corn is used in the production of plastics now days, it helps displace the fossil fuels that are/were used).
Oil company's profit for every gallon? on a good day they can net 8 cents a gallon.
So who's rackin' it it? Do the math.
E85 is going to end up going nowhere. They're finally finding out that the cure is worse than the disease. As much greenhouse gas as gasoline.
Economists have done the math (which unfortunately the "greenies" haven't), and even if every single kernal of corn produceable by the U.S. were diverted to E85 production it would replaced less than 15% of the imported oil.
But then of course most human food production would grind to a halt. All animal feed production would stop, as would most plastics production (yes corn is used in the production of plastics now days, it helps displace the fossil fuels that are/were used).