The denial of market forces in the US by all politicians, in favor of market farces
like ethanol subsidies, in a way emphasis the effectiveness of prices as one instrument.
Not exact matches
When you go to Washington to get stuff, sometimes you get the wrong stuff,
like subsidies for corn
ethanol — the wrong feedstock for the wrong fuel.
Trillions are spent on war where oil is the key political factor, hundreds of billions on
subsidies for rich companies that reap huge short - term profits, both in fossil fuels and pseudo-green technologies
like corn
ethanol and biodiesel.
How exactly does that rule out that Big Agra concerns
like ADM weren't behind a major expansion of the
ethanol quota mandates and the attendant
subsidies that went along with them?
Subsidies are necessary in the incubation phase, but oil is a «mature» industry, and renewable energy technologies
like ethanol, wind and solar are «proven and established» industries.
They say the technological fixes also distract from more challenging social reforms
like slowing the rate of population growth, shifting away from crops
like corn
ethanol that don't put food on the table, or ending
subsidies for livestock production, which currently eats up an appalling 75 percent of the world's agricultural land.
In practice, «alternative energy»
subsidies have overwhelmingly gone to things
like corn
ethanol, nuclear energy, «clean coal,» and hydrogen; the way things are going we can expect liquid coal to hop on the bandwagon as well.
There's money to be made in developing alternative energy — even when it's not so green,
like the
ethanol industry that has been collecting
subsidies for decades.