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View Full Version : Why will OBAMA KILL for ETHANOL subsidies - ILLINOIS 2nd Largest CORN STATE



Big Dog
06-07-2011, 11:08 AM
Illinois - 1971.6 million bushels

Iowa - 2187.7 million bushels



U.S. Statewise forecasted Corn production for 2010-11 (in million bushels)
Alabama - 30 million bushels
Arkansas - 57 million bushels
California - 27.3 million
Colorado - 171.4 million
Delaware - 20.4 million bushels
Georgia - 35 million bushels
Illinois - 1971.6 million bushels
Indiana - 918.4 million bushels
Iowa - 2187.7 million bushels
Kansas - 580.5 million
Kentucky - 157.4 million bushels
Louisiana - 75 million
Maryland - 43 million
Michigan - 335.4 million bushels
Minnesota - 1260 million bushels
Mississippi - 97.9 million bushels
Missouri - 387.3 million
Nebraska - 1477.4 million bushels
New Jersey - 8.5 million bushels
New York - 88.5 million bushels
North Carolina - 76.5 million bushels
North Dakota - 249.3 million
Ohio - 541.2 million bushels
Oklahoma - 41.6 million bushels
Pennsylvania - 120.3 million bushels
South Carolina - 30.4 million
South Dakota - 595 million bushels
Tennessee - 72.5 million
Texas - 300.3 million bushels
Virginia - 19.2 million
Washington - 27 million bushels
Wisconsin - 477.9 million bushels
Other States - 58.8 million bushels



http://www.agricommodityprices.com/futures_prices.php?id=270


All bow to the Goracle.

Revere
06-07-2011, 11:12 AM
ACORN doesn't protest farm subsidies.

So the answer is, he doesn't care.

Big Dog
06-07-2011, 11:39 AM
ACORN doesn't protest farm subsidies.

So the answer is, he doesn't care.

It's always about corn , acorn and cornholes with this regime.

doctordog
06-07-2011, 12:22 PM
It's always about corn , acorn and cornholes with this regime.

Ethanol and Biodiesel are two of the WORST alternative energy markets we have and can't stand without massive government subsidy as costs exceed revenues.

Big Dog
06-07-2011, 12:25 PM
Ethanol and Biodiesel are two of the WORST alternative energy markets we have and can't stand without massive government subsidy as costs exceed revenues.

And when OPEC decides it wants to crush the GREEN industries, like it did back in the 70's ... they will just drop the price of oil again, and all those green investors can say bye-bye to their money.

gOd
06-07-2011, 12:43 PM
Ethanol and Biodiesel are two of the WORST alternative energy markets we have and can't stand without massive government subsidy as costs exceed revenues.
Okay, this is a rarity. I totally agree. :thumbsup:

doctordog
06-07-2011, 12:57 PM
Okay, this is a rarity. I totally agree. :thumbsup:

When two people from opposite sides of the country with egos (speaking for me) speak in civil tongue occasionally we will agree, I think that is good most of the time.

I listend to a presentation from Pat Buchanan late last year and he talked about how compromise has hurt this nation. His key speaking point was many times the Democrats were right but in order to show progress they compromised and many times the Republicans were right and again they compromised.

I wish we knew where to draw the line every time.

Trinnity
06-07-2011, 03:01 PM
Ethanol and Biodiesel are two of the WORST alternative energy markets we have and can't stand without massive government subsidy as costs exceed revenues.True. Corn is too valuable as food, and biodeisel will gunk up an engine faster than the speed of light. Both will ultimately fail as viable fuels.

Independent Harry
06-07-2011, 03:19 PM
So here's the issue, ethanol is a required substance in most conventional gas. It was mandated. So if Obama stopped subsidies then the prices at the pump would sky rocket much higher than they have. So if Obama really was trying to drive up gas prices like many right wingers on here have said, this woukd be a perfect way to do it.

So Dog, what should he do? Skyrocket the price of gas, or let the brown people die from hunger?

Big Dog
06-07-2011, 03:21 PM
So here's the issue, ethanol is a required substance in most conventional gas. It was mandated.


Simple ... stop mandating it.

Semjaza
06-07-2011, 03:34 PM
And when OPEC decides it wants to crush the GREEN industries, like it did back in the 70's ... they will just drop the price of oil again, and all those green investors can say bye-bye to their money.


They like the 100$/barrel they're getting. No one is going to drop the price of oil.

Independent Harry
06-07-2011, 04:42 PM
Simple ... stop mandating it.

You think e corn lobbies won't fight that. And that's a congress thing not an Obama thing. I get the feeling you really don't understand how our government works...

bairdi
06-07-2011, 05:08 PM
You think e corn lobbies won't fight that. And that's a congress thing not an Obama thing. I get the feeling you really don't understand how our government works...
You've got that right Harry!

The ethanol boondoggle is largely a tribute to the political muscle of a single company: agribusiness giant Archer Daniels Midland. In the 1970s, looking for new ways to profit from corn, ADM began pushing ethanol as a fuel additive. By the early 1980s, ADM was producing 175 million gallons of ethanol a year. The company's then-chairman, Dwayne Andreas, struck up a close relationship with Sen. Bob Dole of Kansas, a.k.a. "Senator Ethanol." During the 1992 election, ADM gave $1 million to Dole and his friends in the GOP (compared with $455,000 to the Democrats). In return, Dole helped the company secure billions of dollars in subsidies and tax breaks. In 1995, the conservative Cato Institute, estimating that nearly half of ADM's profits came from products either subsidized or protected by the federal government, called the company "the most prominent recipient of corporate welfare in recent U.S. history."

Today, ADM is the leading producer of ethanol, supplying more than 1 billion gallons of the fuel additive last year. Ethanol is propped up by more than 200 tax breaks and subsidies worth at least $5.5 billion a year. And ADM continues to give back: Since 2000, the company has contributed $3.7 million to state and federal politicians.

http://www.rollingstone.com/politics/news/the-ethanol-scam-20110323?page=2

Semjaza
06-07-2011, 07:29 PM
You've got that right Harry!

The ethanol boondoggle is largely a tribute to the political muscle of a single company: agribusiness giant Archer Daniels Midland. In the 1970s, looking for new ways to profit from corn, ADM began pushing ethanol as a fuel additive. By the early 1980s, ADM was producing 175 million gallons of ethanol a year. The company's then-chairman, Dwayne Andreas, struck up a close relationship with Sen. Bob Dole of Kansas, a.k.a. "Senator Ethanol." During the 1992 election, ADM gave $1 million to Dole and his friends in the GOP (compared with $455,000 to the Democrats). In return, Dole helped the company secure billions of dollars in subsidies and tax breaks. In 1995, the conservative Cato Institute, estimating that nearly half of ADM's profits came from products either subsidized or protected by the federal government, called the company "the most prominent recipient of corporate welfare in recent U.S. history."

Today, ADM is the leading producer of ethanol, supplying more than 1 billion gallons of the fuel additive last year. Ethanol is propped up by more than 200 tax breaks and subsidies worth at least $5.5 billion a year. And ADM continues to give back: Since 2000, the company has contributed $3.7 million to state and federal politicians.

http://www.rollingstone.com/politics/news/the-ethanol-scam-20110323?page=2


Now multiply that little scenario by 500 and you see the state our economy is in. and why we are a corporate state.

Revere
06-07-2011, 10:50 PM
Obama doesn't care about being a good President. Only a good Marxist.

Thai Kimchi
06-08-2011, 12:04 PM
Obama doesn't care about being a good President. Only a good Marxist.

That idiotic comment would embarrass even The Drugster. Good gawd.

Hawkeye2j
06-08-2011, 12:08 PM
Revere has the shallowest posts I have ever seen.

Big Dog
06-08-2011, 06:54 PM
They like the 100$/barrel they're getting. No one is going to drop the price of oil.

A mindreader and a financial psychic ... is that part of your religious beliefs?

Big Dog
06-08-2011, 06:57 PM
Democrats feed at the corporate trough like greedy pigs.

Illinois is the second largest Corn producing State. Yet you deny any connection between the Chicago Thug and corn.

Liberal fairy tale land of denial.