Although few can discern what that is. Midwestern governors, five Republicans, one Democrat, defend the ethanol requirement as “essential”.
Iowa Gov. Terry Branstad, Kansas Gov. Sam Brownback, Minnesota Gov. Mark Dayton, Nebraska Gov. Dave Heineman, North Dakota Gov. Jack Dalrymple and South Dakota Gov. Dennis Daugaard argue in defense of the ethanol standard. The letter stresses the importance of ethanol as it diversifies America’s energy portfolio, gives consumers choices at the pump, supports economic development in rural communities and reduces harmful emissions across the nation.
All of which is patently false, unless you consider forcing consumers to pay more for their gasoline and ruin their engines to be an exercise in “providing them a choice”.
Providing evidence of their claims, the governors point to an Iowa State University estimate that says “corn prices alone could drop 19 cents per bushel based on the proposed rule, which could bring corn prices below the cost of production for many farmers. The proposed EPA rule could also cause a ripple effect on agribusiness, our communities, and the entire economy.” …
Hmm – it would seem that if the price of corn were to fall, food prices would follow suit, but that’s old-syle economics.