Fifteen Percent Ethanol

Recently the EPA stopped moving forward on approval of a fifteen percent Ethanol blend. This would be an increase in deficit spending. The increase in ethanol blend could increase deficit by 300 billion per year with the 50 cent blend credit paid to oil companies. For example, British Petroleum was paid a blend credit of 600 million dollars. If they would have blended 15%, they would have received 900 million dollars.

The question does payment of a blend credit create enough jobs and tax revenues from those jobs to offset the expenditure. I can find no published papers that would say this is a investment. It is only an expense to the taxpayer.

To make matters worse, a recent supreme court ruling allows BP to take the taxpayer money and buy legislators.

I think we should cease the blend credit, raise the blend of ethanol to 15% and corn growers and ethanol industry should launch a major promotion program with emphasis on clean air and jobs.