If you think reform of the mortgage system which includes ridding the world of Fannie and Freddie is likely you might want to consider this. Fannie Mae said it will make a $10.2 billion dividend payment in September to the U.S. Treasury for its rescue aid. After that payment, which comes on the heels of […]
Posts Tagged ‘ethanol’
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Malthus And Ethanol
Posted by Tom Lindmark on January 30th, 2011
I have never been one for Malthusian disaster scenarios given that the humans have proven to be quite adept at engineering around each and every predicted crisis. That’s not to say, however, that shortages of necessities haven’t had an impact on the course of World history which is what Ambrose Evans-Pritchard speculates might be behind […]
Ethanol Needs More Subsidies To Survive
Posted by Tom Lindmark on March 7th, 2009
What do you do when even with subsidies an industry can’t survive? Naturally, subsidize it some more. That’s the situation with corn ethanol. Despite tariffs on imported ethanol, tax credits and use mandates the industry continues to struggle. Falling gasoline prices and decreased driving have added to its woes. To solve this problem the industry […]
The New Ethanol
Posted by Tom Lindmark on February 13th, 2009
Does this sound familiar? The Congress of the United States decides that what the country needs is more energy from alternative sources and so embarks on a program to encourage via subsidies the development of that energy source. If you’re thinking “oh yeah, ethanol” well that’s yesterdays news. The new kid on the subsidy block is […]
Congress Considers Bailing Out Its Ethanol Mistakes
Posted by Tom Lindmark on December 25th, 2008
From yesterday’s WSJ, here is a foretaste of what’s to come as Congress and the new administration ramp up their stimulus plans next month. The Journal points out that the ethanol industry is on the ropes due to the collapse in the price of oil. Three of the major producers are near bankruptcy despite federal subsidies. So […]
