and how much of our biodiesel comes from soybeans?
<calderhome@[EMAIL PROTECTED]
> wrote in message
news:b45832fd-397c-4413-b55f-eafd55299b55@[EMAIL PROTECTED]
> Without Federal tax breaks, biodiesel from soybeans would cost $5.58
> per gallon at the pump! Now how in hell is that giving the USA
> "energy independence"???
>
> SEE NEWS STORY:
>
http://www.ajc.com/business/content/business/stories/2008/03/20/biodiesel_0320.html
>
> "Globalization of the American biodiesel industry, though, wouldn't be
> possible without lucrative assistance -- a $1-per-gallon tax break --
> from Washington. Alterra and other biodiesel producers receive the
> excise tax credit for each gallon of alternative fuel that is mixed
> with regular diesel."
>
> "It takes 7.7 pounds of soy oil -- or $4.34 -- to produce a gallon of
> biodiesel, according to the Food and Agricultural Policy Research
> Institute. Add overhead and other processing costs (about 70 cents per
> gallon), federal and state taxes (54 cents) and subtract the dollar
> tax credit and a gallon of biodiesel could sell for $4.58 at the
> pump." - So add back the $1.00 in tax credit and you have $5.58!!!
>
> Biofuels are a scam, the Koreans know it, and it is time the American
> people woke up about this disaster.
>
> SEE NEW STORY:
> http://english.chosun.com/w21data/html/news/200803/200803210011.html
>
> The Great Biodiesel Swindle - "Most Koreans are now aware that the
> prices of black bean-sauce noodles and instant noodles have risen
> because Americans are using corn ethanol to fuel their automobiles.
> As a consequence of feeding human foodstuff to motor vehicles, 800
> million hungry people in the world grow hungrier."
>
> For more shocking biofuel news, see -
> http://home.att.net/~meditation/biofuel-news.html
>
> For all the biofuel disaster facts, see -
> http://home.att.net/~meditation/bio-fuel-hoax.html
>
> Christopher Calder
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