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I own part of an oil business. I wish the government would give me an extra 50 cents a gallon for the oil I produce. I also wish they'd put a tariff on imported oil. The media isn't nice towards my business and the President just plain wishes I'd go away, even though we've been in the business for four generations.
The oil company does get the 50 cents a gallon. The "Ethanol Subsidy" goes to the oil company in the form of blender credit & pump credit. Farmers don't own gas stations so the oil companies get all the money to mix & sell the ethanol with their gas. Oil companies benefit from the wars we fight, governments we prop up & subsidize.
Ethanol will only amount to 12% of the business anyhow. We need to get Semi Trucks converted to LNG, Hydrogen, CNG, Propane, Bio-Diesel & Dino-Diesel in order to use more domestic fuel. That one LNG conversion will allow these trucks to run on 5 different types of fuels. All those wind & solar projects will free up more Natural Gas to burn in vehicles. We don't need expensive battery cars that only go 30 miles on a charge. The Pickens Plan is way better than the Obama electric car plan.