Biofuels aren’t reducing gas prices or emissions

[Toddsterpatriot]

Another phony Greenie move that did nothing but reduce the amount of land growing corn to be fed to livestock and provided for human consumption. Didn’t do a thing to help the environment and actually hiked prices for things containing corn products.

The Renewable Fuel Standard (RFS) was pushed through under the Bush 43 administration at a time when rising gas prices and global warming were both weighing heavily on the minds of the public. Ethanol blending was touted as a way to fight both of those concerns.

So how has it worked out? According to the U.S. Government Accountability Office (GAO) it hasn’t done much on either score. The net effect on gas prices has been basically a wash and the changes have had only a negligible effect on emissions. (Bloomberg)

Read more @ Study: Biofuels aren't reducing gas prices or emissions

FAKE NEWS! Prior to Ethanol, Gasoline Prices were HIGHER than Diesel Prices. Now Gasoline Prices are ALWAYS LOWER than Diesel!

Now Gasoline Prices are ALWAYS LOWER than Diesel!

ULSD requires more refining.

 

[Toddsterpatriot]

Study: U.S. Fossil Fuel Subsidies Exceed Pentagon Spending

Yeah, when I want a deeper understanding of accounting, Rolling Stone is my favorite source.

 

[the other mike]

Study: U.S. Fossil Fuel Subsidies Exceed Pentagon Spending

Yeah, when I want a deeper understanding of accounting, Rolling Stone is my favorite source.

Rolling stone and Howard Stern.

 

[Toddsterpatriot]

Study: U.S. Fossil Fuel Subsidies Exceed Pentagon Spending

The study defines “subsidy” very broadly, as many economists do. It accounts for the “differences between actual consumer fuel prices and how much consumers would pay if prices fully reflected supply costs plus the taxes needed to reflect environmental costs” and other damage, including premature deaths from air pollution.

They count the "cost of global warming" as a subsidy.

These subsidies are largely invisible to the public, and don’t appear in national budgets.

They don't appear, because they don't add to government spending or reduce government revenue.
Unlike the "green energy" handouts that actually are subsidies.

Eliminating subsidies for fossil fuels would have created global “net economic welfare gains” in 2015 of “more than $1.3 trillion, or 1.7 percent of global GDP,” the study found. (These net gains are “calculated as the benefits from reduced environmental damage and higher revenue minus the losses from consumers facing higher energy prices.”)

Keep this in mind when one of those idiots, (AOC...Sanders), says their plan "pays for itself".

For the United States, the $649 billion in fossil fuel subsidies exceeded even the extravagant amount of money the country spent on defense.

Imaginary spending is always more than extravagant.

fossil fuel subsidies were nearly 10 times what Congress spent on education.

Education is local, why does Congress spend anything?

Do you realize how much Congress spends by NOT taxing everyone at 100%?
Trillions!!!!
It's outrageous.

 

[KissMy]

The USA spent over $25 Trillion Subsidizing Oil fighting foreign wars to get the Oil & protect Oil shipping lanes! That is more than the Debt!