Ethanol producer Aventine files for bankruptcy, Wonder why the country is broke?

[Stinger2]

Ethanol producer Aventine Renewable Holdings files for Chapter 11 bankruptcy protection

SIOUX FALLS, S.D. - Ethanol producer Aventine Renewable Energy Holdings Inc. said Wednesday it has filed for Chapter 11 bankruptcy protection.

http://www.startribune.com/business/42675037.html?elr=KArks:DCiU1OiP:DiiUiD3aPc:_Yyc:aUU

Ethanol is another politically motivated scam, it takes 1 ½ gallons of gas to make 1 gallon of ethanol, burns 30% less efficient and has no good effect on the global warming. Billions disappear with government substitutes to monster corporate farms trying to corner the markets. Wonder why the country is broke?

[Wickerman]

1. Do you have a link to the statement

...it takes 1 ½ gallons of gas to make 1 gallon of ethanol...?

Everything I found on the internet appears rather dated and is an incomplete accounting of cost/benefit.

[Stinger2]

2. Al Capone would be proud of the Bush Administration!

Who's pushing ethanol?

There is an important political dimension to the use of ethanol in the United States. The farm lobby is strong and promotes ethanol as the fuel of the future, especially as it represents considerable profit potential. According to the Organization for Economic Cooperation and Development (OECD), it would require almost a one-third of US farmland to power one in 10 of America's cars with home-grown ethanol based on corn (maize).

Adding up the energy costs of corn production and its conversion into ethanol, 34,610 British thermal units are needed to make one liter of ethanol. One liter of ethanol has an energy value of only 20,340Btu. Thus 70% more energy is required to produce ethanol than the energy that actually is in it. Every time you make one liter of ethanol, there is a net energy loss of 14,270Btu. Consequently, there is a loss of energy for using ethanol as an alternative fuel source. Moreover, that does not include the trucks and the tankers involved with transport, which require petroleum as well. Despite the structural challenges facing ethanol, there remains a certain momentum to push this fuel as the alternative fuel to oil.


http://www.atimes.com/atimes/Global_Economy/HH01Dj01.html

Come on, crooks have been running the country, worse than the mob, Al Capone would be proud of the Bush Administration. In his dreams he would never been able to think up all the scams inflicted on Americans and the world. He is sitting up in his grave applauding.

[Stinger2]

3. Archer Daniels Midland: A Case Study In Corporate Welfare

Archer Daniels Midland: A Case Study In Corporate Welfare


The Archer Daniels Midland Corporation (ADM) has been the most prominent recipient of corporate welfare in recent U.S. history. ADM and its chairman Dwayne Andreas have lavishly fertilized both political parties with millions of dollars in handouts and in return have reaped billion-dollar windfalls from taxpayers and consumers. Thanks to federal protection of the domestic sugar industry, ethanol subsidies, subsidized grain exports, and various other programs, ADM has cost the American economy billions of dollars since 1980 and has indirectly cost Americans tens of billions of dollars in higher prices and higher taxes over that same period. At least 43 percent of ADM's annual profits are from products heavily subsidized or protected by the American government. Moreover, every $1 of profits earned by ADM's corn sweetener operation costs consumers $10, and every $1 of profits earned by its ethanol operation costs taxpayers $30

http://www.cato.org/pubs/pas/pa-241.html

$1 of profits earned by its ethanol operation costs taxpayers $30, It’s a scam from one end to the other.

[No More Bushbots]

4. Considering that Ethanol has been in production since 1975

Thank you for continuing the Big Oil talking points.
The real issue over Aventine filing bankruptcy is that they sold short on several investments and commodities and lost their asses.
But never let the truth stand in the way of spreading a rumor.

[Dr.Phool]

5. Sorry, but Andreas "bagman" is featured prominently in the "Nixon Tapes".

I don't have the book anymore, so I can't give a direct reference, but I seem to remember the name "Pappas" in a conversation between Nixon and Haldeman, right before the 18 minute gap.

[8 track mind]

6. I happen to like ethanol

as a motor fuel. I converted my 1995 chevy van to run e-85. It runs like a scalded dog, and the plugs and oil are vastly cleaner than running on gasoline. I've had no problems with it degrading gaskets or corroding metals. Hot Rod magazine found that they could make more horsepower using e-85 than gas. Drag racers have been using it because it's vastly cheaper than leaded race fuel.

[Stinger2]

7. New Study Tallies Corn Ethanol Costs

New Study Tallies Corn Ethanol Costs

In the latest installment of the debate over the emissions impact of corn-based ethanol, researchers from the University of Minnesota and other institutions found that corn ethanol is worse for health and the environment than regular gasoline, and far worse than cellulosic ethanol.

http://greeninc.blogs.nytimes.com/2009/02/05/new-study-tallies-corn-ethanol-costs/

OK, If you think burning are food supply (Corn) is a good idea when you have Natural Gas that burns cleaner and more abundant and much cheaper you go ahead. The problem with Natural Gas is you cant control corn prices by using it or get subsidies to buy up more farms. Using Natural Gas as bridge to electric makes sense and we can’t have non of that!