April 10, 2008
Big Oil holding us hostage
An editorial authored by corn producer Allan Tiemann of Seward, a director at large for the Nebraska Corn Board, appeared in the Lincoln Journal Star April 10. In the editorial, Tiemann noted that oil companies have enjoyed record profits but have not used those profits to increase supplies. Instead, he said, we are fortunate for corn ethanol, which is much lower priced than regular gasoline and is saving consumers up to $14 billion at the pump this year alone.
There's a lot of good stuff in the editorial - but here's a good line:
American corn growers, though, have increased acres and are poised to plant the second-largest corn crop in history in order to meet demand. They’ve aided local economies by investing in new equipment and technology to become more efficient and lower costs. They’ve met demands for feed, food and fuel and are working hard to meet the demand for corn in the future.
What has Big Oil done for you lately with its record high profits? Is it working to meet your demands — or its own?
Rep. Ed Markey (D-Mass) has said it well: “We have to move to a renewable energy economy. We can never get out of this trap as long as the oil companies want to hold us hostage to this old agenda.”
Labels:
Big Oil,
food and fuel
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