blueblood Posted February 26, 2007 Report Posted February 26, 2007 I'm not concerned with the energy efficiency, over time it will get better. The main idea is to take barells of oil out of production and a market for farmers which gives better prices. Mission Accomplished. Heres the thing, if people want grains for food and not energy, pay the bill. The days of cheap over supplied food are coming to an end. Why are people automatically entitled to cheap food? Having farmers with money in their pockets is a good thing. Since the gov't won't grant farmers royalties for producing food like recording artists get for producing music, I'll take this alternative. I do have to pay the bills after all. Everyone has to be concerned over energy efficiency. It won't get better with food oils. It will only work with a subsidy. How won't it be more efficient, the crops are getting grown anyway using 100% petrol. When the 5% gets passed, that is 5% less petrol used in growing crops that are getting grown anyway. It isn't much but it's some. 5% less is 5% less All it amounts to is using a little bit less petrol and emitting a little bit less. Emphasis on a little bit. On top of that the oversupply of grains disappears, yay! That doesn't even matter, all that matters is the prices are up and the market is being less flooded. A smart way of fixining the gross income. Now onto input costs... Quote "Stop the Madness!!!" - Kevin O'Leary "Money is the ultimate scorecard of life!". - Kevin O'Leary Economic Left/Right: 4.00 Social Libertarian/Authoritarian: -0.77
jdobbin Posted February 26, 2007 Author Report Posted February 26, 2007 How won't it be more efficient, the crops are getting grown anyway using 100% petrol. When the 5% gets passed, that is 5% less petrol used in growing crops that are getting grown anyway. It isn't much but it's some. 5% less is 5% less All it amounts to is using a little bit less petrol and emitting a little bit less. Emphasis on a little bit. On top of that the oversupply of grains disappears, yay!That doesn't even matter, all that matters is the prices are up and the market is being less flooded. A smart way of fixining the gross income. Now onto input costs... Here are some of the problems about bio-fuel from food. http://desmoinesregister.com/apps/pbcs.dll...17/1035/OPINION The most environmentally and economically attractive segment of biofuels opportunities is biodiesel developed from vegetable oil. The oil is extracted from a variety of crops, including soybean, rapeseed and palm oil. However, these sources have significant drawbacks. They require extensive land use, which displaces food crops, and are not the most productive or efficient source of vegetable oil. Private enterprise is flocking to the biodiesel business sector and is opening up the floodgates for research and development of eco-conscious and cost-effective solutions. I think that the oils will be pushed aside for the more viable algae and even that will take many years. Any farmer that puts all their hope in this could be badly stung. Canola oil for bio-fuel cannot exist without huge amounts of federal subsidy. Quote
blueblood Posted February 26, 2007 Report Posted February 26, 2007 Algae can come in, that's less oil that will be consumed. There's room for more. The strong farm based biofuel lobby will fix a problem that could be caused by it. The law will state that 5% is needed for biofuels that's incentive in itself. You'd have to show me some proof that federal subsidies for biofuels need to occur. So far private investment is doing the job. Mind you if the gov't wants 5% biofuels, then they should foot some of the the bill. Quote "Stop the Madness!!!" - Kevin O'Leary "Money is the ultimate scorecard of life!". - Kevin O'Leary Economic Left/Right: 4.00 Social Libertarian/Authoritarian: -0.77
jdobbin Posted February 26, 2007 Author Report Posted February 26, 2007 Algae can come in, that's less oil that will be consumed. There's room for more. The strong farm based biofuel lobby will fix a problem that could be caused by it.The law will state that 5% is needed for biofuels that's incentive in itself. You'd have to show me some proof that federal subsidies for biofuels need to occur. So far private investment is doing the job. Mind you if the gov't wants 5% biofuels, then they should foot some of the the bill. The subsidies for bio-fuel are happening right now. There would be no bio-fuel at all without them. http://www.nytimes.com/2007/01/31/business...r=rssnytemc=rss Quote
blueblood Posted February 26, 2007 Report Posted February 26, 2007 Algae can come in, that's less oil that will be consumed. There's room for more. The strong farm based biofuel lobby will fix a problem that could be caused by it. The law will state that 5% is needed for biofuels that's incentive in itself. You'd have to show me some proof that federal subsidies for biofuels need to occur. So far private investment is doing the job. Mind you if the gov't wants 5% biofuels, then they should foot some of the the bill. The subsidies for bio-fuel are happening right now. There would be no bio-fuel at all without them. http://www.nytimes.com/2007/01/31/business...r=rssnytemc=rss That's american though. Quote "Stop the Madness!!!" - Kevin O'Leary "Money is the ultimate scorecard of life!". - Kevin O'Leary Economic Left/Right: 4.00 Social Libertarian/Authoritarian: -0.77
jdobbin Posted February 26, 2007 Author Report Posted February 26, 2007 That's american though. It is affecting everything though. There are many considerations of this market. Corn prices are going through the roof because of bio-feul and other nations are starting to challenge this subsidy. Big companies like Maple Leaf are already being effected by this as well. While I don't have huge sympathy for them at the moment, they will simply pass on the cost of the subsidy to consumers so they essentially get by the government and then the company for the canola bio-fuel subsidy. Quote
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