E15 gasoline could harm your car engine

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English: EPA's final E15 label to be displayed...

English: EPA’s final E15 label to be displayed in all E15 fuel dispensers in the U.S. The E15 label informs consumers about what vehicles can, and what vehicles and equipment cannot, use E15. (Photo credit: Wikipedia)

The EPA is at it again.  I posted this as a warning that E15 could harm you car engine.

Excerpt:  In the letter, the EPA said that “in the case of E15 and E10 being dispensed from the same hose” the agency would require people to purchase “at least four gallons of fuel” in order to prevent vehicles with smaller fuel tanks from being exposed to fuel blends greater than 10 volume percent ethanol.

Automakers have heavily criticized the decision to introduce E15 fuel into the automobiles.

“Ford does not support the introduction of E15 into the marketplace for the legacy fleet.  … Fuel not approved in the owner’s manual is considered misfueling and any damage resulting from misfueling is not covered by the warranty,” the Ford Motor Company said last year.

It has been reported that the American Petroleum Institute estimates that more than five million vehicles on the road could be harmed by E15 fuel.

Read more: here.

Romney’s energy plan – let states develop their abundant resources

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It is about time we got the Federal Government off the backs of the real innovators and gave the power to the states to regulate their own resources.  

Everyone thought that the purchase of land by the Federal Government was meant for good for the American people, but it has turned out to be just another control mechanism.  Because of the vast amounts of land controlled by the Feds, some states have very little room to grow.

The top 10 list of states with the highest percentage of federally owned land looks like this: 

  1. Nevada           84.5%
  2. Alaska            69.1%
  3. Utah               57.4%
  4. Oregon           53.1%
  5. Idaho              50.2%
  6. Arizona           48.1%
  7. California        45.3%
  8. Wyoming         42.3%
  9. New Mexico     41.8%
  10. Colorado          36.6%

Excerpt: “What Governor Romney is proposing is that state governments, which already control the development of energy resources on their own and private lands within their borders, would also control the development of energy resources on federal land within their borders,” said Romney’s domestic policy advisor Oren Cass in a briefing call with reporters to preview Romney’s energy speech slated to occur later today in New Mexico.

Cass said that Romney believes the challenge in getting to energy independence by 2020 is “not about the resources we have, it’s not about the technology that we have, it’s about the government we have.”

“The question is, Are we going to pursue the political reforms that will allow us to develop the resources to their fullest?” said Cass.

In addition to shifting the power of energy development exploration on federal lands to the state level, Romney’s policy also calls for opening more offshore drilling options, starting off the coast of the battleground state of Virginia as well as the Carolinas.

Romney’s plan also calls for the pursuit of a “broader North American energy partnership” with Canada and Mexico that would include building the Keystone pipeline, a development Romney calls for frequently on the stump while simultaneously criticizing the Obama administration’s rejection of the pipeline.

Read full ABC News report here.

World Begs US to Stop Burning Shrinking Food Supply – Ethanol

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To increase the genetic diversity of U.S. corn...

To increase the genetic diversity of U.S. corn, the Germplasm Enhancement for Maize (GEM) project seeks to combine exotic germplasm, such as this unusually colored and shaped maize from Latin America, with domestic corn lines. U Deutsch: Maiskolben (Photo credit: Wikipedia)

It has been proven that use of corn to produce ethanol does nothing to alleviate the CO2 emissions into the atmosphere.  But it has also been proven that food prices have skyrocketed since this ill conceived environmentalist legislation.  It is time for the repeal of this legislation and get back to feeding the world. 

Excerpt:This mandated glass of stomach-churning regulation remains a primary component of United States energy and environmental policy, elevating food prices worldwide and further destabilizing countries hovering at the edge of political unrest.

Saving Obama the trouble of appointing yet another commission to study the issue, the deleterious effects of biofuel subsidies and mandates have already been well documented.

Both the public and private sector have catalogued in-depth the rise in food prices caused by the 2007 Energy Independence and Security Act that reallocated corn harvests from hungry stomachs to internal combustion engines. The Congressional Budget Office showed that the mandates accounted for ten to fifteen percent of the price rise from 2007-2008, and the National Chicken Council commissioned a study showing a seventy-nine percent acceleration in the Consumer Price Index for meat, poultry, fish, and eggs since the bill went into law. A full forty percent of the current corn crop is dedicated to fuel instead of food.

On top of these existing price rises, the USDA’s latest production forecast predicts that corn and soybean production will be down 12% from last year due to the ongoing and severe drought ravaging corn crops in the heartland. While the United States recovers from a limp economy and continues to pay out food stamps to 46.4 million citizens, current ethanol policy increases the price of these handouts even as our national debt approaches a staggering $16 trillion. The USDA forecasts that by the end of 2012, domestic grocery prices will have risen another 2.5 to 3.5 percent.

As the leading food exporter in the world, U.S. commodity shortfalls affect food prices across the globe. The U.N. Food and Agricultural Organization’s overall food price index climbed six percentage points in July alone. A Tuft University report shows that U.S. ethanol policy caused our Mexican neighbors to incur an additional $1.5 billion to $3.2 billion in import costs from 2006-2011. This while millions of its citizens illegally fled to the United States to escape poverty. Mexico’s most recent food riot was in 2008, and it may only be a matter of time before the next one.

Read full report here.

Obama goads Congress to end tax breaks for large oil companies

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This is just a tax increase on the oil companies that will be passed along to the consumer. The smaller exploration companies will be hit the hardest and possibly be put out of business. Tax breaks to Obama’s cronies in the wind, solar and renewables far outweigh those of the oil industry. And yes, the high profits are a result of humongous investments made by ordinary people, pension funds, IRA’s, 401ks etc. Do you think those people fall for this crock that Obama is shoveling? Yes, his uneducated base will believe it. They would believe all his lies.

Excerpt: President Barack Obama on Thursday pressed Congress to repeal billions of dollars in tax breaks for oil companies that are pulling down record profits, arguing that Americans hit with soaring gas prices should not also have to prop up firms that can easily “stand on their own.”

The president’s remarks came as the Senate, in a procedural vote, beat back a measure that would have rolled back the tax breaks. The bill fell shy of the 60 votes needed to advance, getting a 51-47 margin that saw Democrats join Republicans in opposition.

Republican Senate Minority Leader Mitch McConnell mocked what he derisively referred to as the Democratic majority’s “brilliant plan on how to deal with gas prices: raise taxes on energy companies, when gas is already hovering around $4 a gallon. Then block consideration of anything else—just to make sure gas prices don’t go anywhere but up.”

“Somehow they thought that doing this would set up some kind of a political win for them, which I never really understood,” he added. “I mean, I can’t imagine anybody giving them any high-fives for not lowering the price of gas. But anyway, that was the plan.”

High gas prices pose a potentially serious election-year threat to Obama, threatening the fragile economic recovery and hitting Americans in the wallet. Experts blame the pain at the pump on soaring demand in fast-growing economies like China, India and Brazil, as well as instability and uncertainty in the Middle East. But public opinion polls show Americans disapprove of the president’s handling of the issue.

The proposed repeal “would increase tax collections from the oil and natural gas industries and may have the effect of decreasing exploration, development and production, while increasing prices and increasing the nation’s foreign oil dependence. These same proposals, from an alternate point of view, might be considered to be the elimination of tax preferences that have favored the oil and natural gas industries over other energy sources and made oil and gas products artificially inexpensive, with consumer costs held below the true cost of consumption, when the external costs associated with environmental costs and energy dependence, among other effects, are included,” the CRS said.

Read YAHOO News article here.