Everyone who thinks Big Oil should get $31 billion from U.S. taxpayers....

[n2doc]

New Ad Slams Ethanol Tax Credit Give Away to Oil Companies
Tagged with: big oil, ethanol, RFS, VEETC
Posted by Nathanael Greene on Thursday, June 24, 2010

Everyone who thinks Big Oil should get $31 billion from U.S. taxpayers, please sign on the dotted line. That’s the message of a new ad running today in Congress Daily sponsored by NRDC, the Union of Concerned Scientists, Friends of the Earth and the Clean Air Task Force. The ad highlights the wastefulness and redundancy of the Volumetric Ethanol Excise Tax Credit (VEETC), which amounts to little more than a massive government bribe to oil companies to get them to buy and blend gallons of corn ethanol they are already required to purchase under the Renewable Fuel Standard.

more

http://www.consumerenergyreport.com/2010/06/24/new-ad-slams-ethanol-tax-credit-give-away-to-oil-companies/

[burnsei sensei]

1. Actually, I think U.S. taxpayers should get

31 billion dollars from Big Oil.
At least.

[FBI_Un_Sub]

2. Saccharomyces cerevisiae + sugar = EtOH is as old as civilization

Saccharomyces cerevisiae + Sugar = EtOH is as old as civilization. Fifty years ago as a kid at an Appalachian ("Hill Billy") engineering school, my drunk fraternity brothers and I:

• Did home vinterning (wine making) in the old frat house.
  
• Did home brewing in the old frat house.
  
• Did home distilling in the old frat house.
  

Not exactly Nobel Prize level work.

I don't know where "Big Oil" gets their engineers. But I don't know where they will spend that $31B -- except to have one heck of a party.