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WATCHING THE WORLD: Hot-dogging with ethanol
06/25/2007
Oil and gas are expensive? Move aside, folks, and make way for higher priced hot dogs. No sooner did we write of George Soros’s wish for a repeal of the current US tax on imported ethanol, than it was under way to being granted (OGJ, June 11, 2007, p. 35).“Our goal as an economy should be to get ourselves off oil...and to move to ethanol production, which is the most efficient and cost-competitive,” said US Sen. Judd Gregg (R-NH).Gregg was speaking of his plans to offer an amendment to an energy bill that would repeal the current US tariff on imported ethanol, and he clearly had an eye on his home constituency, saying that the current import duty amounts to an “arb...
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