Flex-fuel credit all but guaranteed
Corn is a political forceThe House and Senate are close to approving a CAFE bill calling for 35 mpg by 2020 and, even though ethanol causes more harm than good, ethanol credits will be extended.
"We're very close to a deal," U.S. Sen. Carl Levin, D-Lansing, said in an interview Wednesday. "The bumper sticker aspects of the bill may not be significantly altered, but we are providing enough flexibility and practicality to make this achievable."
In other words, enough loopholes will exist that this legislation will, ultimately, accomplish little in terms of either foreign oil dependency or global warming. By 2020, there will be many more cars on the road and many more drivers which will significantly increase energy consumption.
CAFE is not the answer.
Labels: CAFE, Ethanol, Foreign Oil Dependency, global warming



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