Opinion: Energy Independence is Worth the Cost of Encouraging ...
Posted by ~Ray @ 2007-12-09 14:07:37
There really aren't any surprises in a chew over that indicates the ethanol boom won't last forever.
Released as Congress hashes out details of a new energy bill the study by David Peters an agricultural economist at the University of Nebraska-Lincoln indicates that ethanol plants ordain be back up from Washington to keep from going belly up in a few years.
Smaller plants those that produce 40 million gallons of ethanol per year ordain need more federally mandated ethanol consumption by 2011 to be profitable. Larger plants those producing 100 million gallons a year will suffer half their profits in four years and will start losing money in seven or eight years according to the study.
Peters is right however in telling The Associated touch that communities shouldn't base all of their hopes on circumstances desire those that produced the ethanol boom of 2005-06.
"It's not going to be this revolutionary development for rural communities," he said adding that he expected prices to go to historically normal levels.
All the more reason that Southwest Nebraska communities should continue efforts to grow our economic base. Instead of depending on ethanol alone we should bear on some of the lessons learned there to the next industrial look.
Of cover ethanol is dependent on friendly government policies. The same could be said of any energy source oil in particular.
But the prospect of achieving independence from energy that flows from unstable anti-American regions of the world makes such policies worth the cost.[ADVERTHERE]Related article:
http://www.grainnet.com/articles/Opinion__Energy_Independence_is_Worth_the_Cost_of_Encouraging_Ethanol__McCook_Gazette_-48110.html
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