Gasoline Below $3.00 A Gallon; Thank You Mr. President

[Roadrunner]

It's actually below $2.90 a gallon in SW Houston.

Obama's Fault.

Finally getting back to where it was before Obama assisted in Khadafi's murder.

 

[Roadrunner]

LMAO The POTUS, whoever he may be, has nothing to do with the price of gas.

If you're going to thank someone then thank the speculators. Those are the folks who control the price be it up or down.


Gas is still 3.25 and up here in Florida and its a shame because we have billions of barrels sitting off our coast. The Chinese are slant drilling for it and thats what we should be doing.

Thank Obama for the price of gas? Not fucking hardly. Nor would I blame him for the high cost eigther because he has absofuckinglutely nothing to do with it either way.

If Obama has anything to do with lower oil prices, it is because he wants to cripple the US oil industry by making US oil too expensive to drill for, compared to imported oil from Muslim nations.

 

[RKMBrown]

Irony... Democrats screaming to high heaven about fracking and evil oil companies... Then when the price of gas comes down due to the investments made by the evil oil companies in fracking... yeah they try to take credit for it

 

[KissMy]

The United States became the world's largest producer of ethanol fuel in 2005.

omfg YOU ARE ACTUALLY BRAGGING ABOUT BEING THE DUMBEST COUNTRY ON THE PLANET IN CONVERTING FOOD PRODUCTS TO FUEL TO KILL ENGINES AND STARVE IT'S PEOPLE

You are a total retard!

Why are Ethanol Distillers Grains produced from the ethanol plants more sought after by livestock producers than the corn that was fed into the ethanol plant? These livestock producers literally wait in line for this high value feed & pay more for it than corn.

When you feed corn to a cow, it shit's it out the back or turns the starch into methane. Ethanol plants turn the starch into ethanol & breaks down the protein so livestock can utilize it to build 50% more muscle than from the same amount of corn.

 

[nodoginnafight]

at RMKBrown: Way to double down on stupid.

It's STILL wrong dumbass.

 

[nodoginnafight]

@ Candycorn: It's not good news to those who want to claim Obama has screwed EVERYTHING!

LOL - but that makes it even MORE fun for those of us who can't stand those whiny, lying dumbasses.

 

[RKMBrown]

The United States became the world's largest producer of ethanol fuel in 2005.

omfg YOU ARE ACTUALLY BRAGGING ABOUT BEING THE DUMBEST COUNTRY ON THE PLANET IN CONVERTING FOOD PRODUCTS TO FUEL TO KILL ENGINES AND STARVE IT'S PEOPLE

You are a total retard!

Why are Ethanol Distillers Grains produced from the ethanol plants more sought after by livestock producers than the corn that was fed into the ethanol plant? These livestock producers literally wait in line for this high value feed & pay more for it than corn.

When you feed corn to a cow, it shit's it out the back or turns the starch into methane. Ethanol plants turn the starch into ethanol & breaks down the protein so livestock can utilize it to build 50% more muscle than from the same amount of corn.

We are paying them to do this dumb ass. Only 1/3 of the corn used to produce ethanol remains afterwards. Just because they want to buy that 1/3 after it's been processed, does not mean it's worth doing in the first place. Only RETARDS THINK THE LAW OF CONSERVATION OF ENERGY HAS BEEN OVERCOME BY ETHANOL PRODUCTION. Take away the tax subsidies and FORCED PURCHASES OF ETHANOL THAT DESTROYS ENGINES AND ABSORBS WATER IN FUEL TANKS... and ethanol is DEAD AGAIN JUST LIKE IT DIED THE LAST TIME YOU STUPID JERKS MADE US USE IT BACK IN THE 70s.

 

[KissMy]

The United States became the world's largest producer of ethanol fuel in 2005.

omfg YOU ARE ACTUALLY BRAGGING ABOUT BEING THE DUMBEST COUNTRY ON THE PLANET IN CONVERTING FOOD PRODUCTS TO FUEL TO KILL ENGINES AND STARVE IT'S PEOPLE

You are a total retard!

Why are Ethanol Distillers Grains produced from the ethanol plants more sought after by livestock producers than the corn that was fed into the ethanol plant? These livestock producers literally wait in line for this high value feed & pay more for it than corn.

When you feed corn to a cow, it shit's it out the back or turns the starch into methane. Ethanol plants turn the starch into ethanol & breaks down the protein so livestock can utilize it to build 50% more muscle than from the same amount of corn.

We are paying them to do this dumb ass. Only 1/3 of the corn used to produce ethanol remains afterwards. Just because they want to buy that 1/3 after it's been processed, does not mean it's worth doing in the first place. Only RETARDS THINK THE LAW OF CONSERVATION OF ENERGY HAS BEEN OVERCOME BY ETHANOL PRODUCTION. Take away the tax subsidies and FORCED PURCHASES OF ETHANOL THAT DESTROYS ENGINES AND ABSORBS WATER IN FUEL TANKS... and ethanol is DEAD AGAIN JUST LIKE IT DIED THE LAST TIME YOU STUPID JERKS MADE US USE IT BACK IN THE 70s.

You are brain dead.

We are NOT paying them to do this. There are no ethanol tax subsidies.

I have about 50 engines running on ethanol for 20 years now & not one of them had a failure from it. Pure gasoline has ruined fuel systems with varnish deposits, E85 does not.

Gasoline MTBE is toxic, ethanol eliminates it.

Livestock & manure methane emissions are wasted energy & methane is 20 times more potent global warming gas than CO2. Ethanol captures the energy before it gets wasted. It in no way breaks the laws of physics conservation of energy.

 

[candycorn]

Need more fish for my barrel

 

[nodoginnafight]

The United States became the world's largest producer of ethanol fuel in 2005.

omfg YOU ARE ACTUALLY BRAGGING ABOUT BEING THE DUMBEST COUNTRY ON THE PLANET IN CONVERTING FOOD PRODUCTS TO FUEL TO KILL ENGINES AND STARVE IT'S PEOPLE

You are a total retard!

Why are Ethanol Distillers Grains produced from the ethanol plants more sought after by livestock producers than the corn that was fed into the ethanol plant? These livestock producers literally wait in line for this high value feed & pay more for it than corn.

When you feed corn to a cow, it shit's it out the back or turns the starch into methane. Ethanol plants turn the starch into ethanol & breaks down the protein so livestock can utilize it to build 50% more muscle than from the same amount of corn.

We are paying them to do this dumb ass. Only 1/3 of the corn used to produce ethanol remains afterwards. Just because they want to buy that 1/3 after it's been processed, does not mean it's worth doing in the first place. Only RETARDS THINK THE LAW OF CONSERVATION OF ENERGY HAS BEEN OVERCOME BY ETHANOL PRODUCTION. Take away the tax subsidies and FORCED PURCHASES OF ETHANOL THAT DESTROYS ENGINES AND ABSORBS WATER IN FUEL TANKS... and ethanol is DEAD AGAIN JUST LIKE IT DIED THE LAST TIME YOU STUPID JERKS MADE US USE IT BACK IN THE 70s.

You are quite possibly one of the most historically challenged posters I've run across.
The 1980's (Under Reagan) saw the Surface Transportation Assistance Act (provided a 50 cent per gallon ethanol subsidy), and The Tax Reform Act of 1984 (which upped that subsidy to 60 cents).

In the 1990s, during the Bush Sr. administration, The Energy Policy Act of 1992 required specific fleets to purchase alternative energy vehicles.

Under Bush Jr., The Energy Policy Act of 2005 required that gasoline sold in the U.S. contain a minimum volume of renewable fuel (mostly ethanol made from corn). In 2007 that minimum volume was increased.

I guess all that was Obama's fault too, huh?

 

[RKMBrown]

The United States became the world's largest producer of ethanol fuel in 2005.

omfg YOU ARE ACTUALLY BRAGGING ABOUT BEING THE DUMBEST COUNTRY ON THE PLANET IN CONVERTING FOOD PRODUCTS TO FUEL TO KILL ENGINES AND STARVE IT'S PEOPLE

You are a total retard!

Why are Ethanol Distillers Grains produced from the ethanol plants more sought after by livestock producers than the corn that was fed into the ethanol plant? These livestock producers literally wait in line for this high value feed & pay more for it than corn.

When you feed corn to a cow, it shit's it out the back or turns the starch into methane. Ethanol plants turn the starch into ethanol & breaks down the protein so livestock can utilize it to build 50% more muscle than from the same amount of corn.

We are paying them to do this dumb ass. Only 1/3 of the corn used to produce ethanol remains afterwards. Just because they want to buy that 1/3 after it's been processed, does not mean it's worth doing in the first place. Only RETARDS THINK THE LAW OF CONSERVATION OF ENERGY HAS BEEN OVERCOME BY ETHANOL PRODUCTION. Take away the tax subsidies and FORCED PURCHASES OF ETHANOL THAT DESTROYS ENGINES AND ABSORBS WATER IN FUEL TANKS... and ethanol is DEAD AGAIN JUST LIKE IT DIED THE LAST TIME YOU STUPID JERKS MADE US USE IT BACK IN THE 70s.

You are quite possibly one of the most historically challenged posters I've run across.
The 1980's (Under Reagan) saw the Surface Transportation Assistance Act (provided a 50 cent per gallon ethanol subsidy), and The Tax Reform Act of 1984 (which upped that subsidy to 60 cents).

In the 1990s, during the Bush Sr. administration, The Energy Policy Act of 1992 required specific fleets to purchase alternative energy vehicles.

Under Bush Jr., The Energy Policy Act of 2005 required that gasoline sold in the U.S. contain a minimum volume of renewable fuel (mostly ethanol made from corn). In 2007 that minimum volume was increased.

I guess all that was Obama's fault too, huh?

You better tell your other democrat friends, they appear to believe there are no subsidies. FYI OBAMA IS THE CURRENT PRESIDENT NOT BUSH!!!

 

[RKMBrown]

Corn Ethanol Subsidies Are Alive and Well Taxpayers for Common Sense

 

[RKMBrown]

In 2010, CBO estimated that taxpayer costs to reduce gasoline consumption by one gallon were $1.78 for corn ethanol and $3.00 for cellulosic ethanol. In a similar way, and without considering potential indirect land use effects, the costs to taxpayers of reducing greenhouse gas emissions through tax credits were about $750 per metric ton of CO2-equivalent for ethanol and around $275 per metric ton for cellulosic ethanol.

 

[RKMBrown]

- Dupont is completing a 30 million gallon per year plant near Nevada, Iowa; production to start in 2014; capital cost over $200 million ($6.7 capital cost/gal); will use biomass from within a 30-mile radius; 30 million gal/190,000 acres = 158 gal/acre from stover, plus 150 gal/acre from corn kernels, for a total of 308 gal/acre.

DuPont Nevada Site Cellulosic Ethanol Facility - DuPont Biofuel Solutions


- Abengoa, Spanish, is completing a 25 million gallon per year plant in Hugoton, Kansas; production to start in 2014; received a $132.4 million US-DOE loan guarantee; will use biomass from within a 50-mile radius; $5.30 capital cost/gallon.

Abengoa Bioenergy About us Locations sites Bioethanol United States Abengoa Bioenergy Biomass of Kansas


- Poet & DSM, is completing a 20 million gallon per year plant in Emmetsburg, Iowa; production to start in 2014; received a $100 million US-DOE grant and $20 million as financial incentives from the state of Iowa; $6 capital cost/gallon.

Project Liberty - POET-DSM Advanced Biofuels

 

[nodoginnafight]

"FYI OBAMA IS THE CURRENT PRESIDENT NOT BUSH!!!"

LOL - way to regurgitate your programming. Has absolutely nothing to do with what I posted - but you still tossed it out like a good lil' piss bucket carrier.

 

[RKMBrown]

FEDERAL AND STATE SUBSIDIES


The federal and state subsidies in the form of cash grants, tax credits, production credits, renewable energy credits, and accelerated depreciation write-offs are estimated at 35 - 45 billion dollars for the 1978 - 2015 period, most of it since about 2005.


E10 Blender Credit: The Volumetric Ethanol Excise Tax Credit (VEETC) of 51 c/gallon of ethanol was created in 2004 to provide oil refiners with an economic incentive to blend ethanol with gasoline. As of January 1, 2009, the “blender tax credit” (5.1 c/gallon for E10, and 42 c/gallon for E85) was reduced to 45 c/gallon. The “blender tax credit” expired on 31 July 2011. As E10 contains up to 10% ethanol, the credit per gallon of E10 was up to 4.5 cent. Eliminating the credit means the pump price of E10 may increase by up to 4.5 c/gallon. The “blender tax credit” distorted the economics in the corn market, which increased the cost of feed corn for cattle, and the cost of food in general.


Note: Corn-to-ethanol processors had been selling ethanol to oil refiners at about $3.00/gallon, but after expiration of the “blender tax credit”, sold at about $2.20/gallon. This price is still artificially low, because of the various OTHER subsidies. At a federal corporate tax rate of 35%, the 80 cent cost decrease would yield the oil refiner a net profit of 52 cent and create a 28 cent federal tax obligation, if they sell the E10 at the same price. Not getting the 80c will cause corn-to-ethanol processors to have less profits, or a loss.


Post-Mortem for the Ethanol Tax Credit RedState


- As about 13.95 bg of ethanol were used to produce the various blends in 2011, the credit would have cost the federal government about $6.975 billion in taxes not collected. A 54 c/gallon tariff on ethanol imports, to protect the US corn-to-ethanol industry, also expired on July 31, 2011.


- Effective July 31, 2011, a tax credit for cellulosic biofuel production, set to expire at the end of 2012, was extended for three years, and expanded to include fuels from other crops and algae.


As a result, the net federal deficit reduction of the two meaures was a mere $1.3 billion in 2011.

 

[KissMy]

FEDERAL AND STATE SUBSIDIES

The federal and state subsidies in the form of cash grants, tax credits, production credits, renewable energy credits, and accelerated depreciation write-offs are estimated at 35 - 45 billion dollars for the 1978 - 2015 period, most of it since about 2005.

E10 Blender Credit: The Volumetric Ethanol Excise Tax Credit (VEETC) of 51 c/gallon of ethanol was created in 2004 to provide oil refiners with an economic incentive to blend ethanol with gasoline. As of January 1, 2009, the “blender tax credit” (5.1 c/gallon for E10, and 42 c/gallon for E85) was reduced to 45 c/gallon. The “blender tax credit” expired on 31 July 2011. As E10 contains up to 10% ethanol, the credit per gallon of E10 was up to 4.5 cent. Eliminating the credit means the pump price of E10 may increase by up to 4.5 c/gallon. The “blender tax credit” distorted the economics in the corn market, which increased the cost of feed corn for cattle, and the cost of food in general.

Note: Corn-to-ethanol processors had been selling ethanol to oil refiners at about $3.00/gallon, but after expiration of the “blender tax credit”, sold at about $2.20/gallon. This price is still artificially low, because of the various OTHER subsidies. At a federal corporate tax rate of 35%, the 80 cent cost decrease would yield the oil refiner a net profit of 52 cent and create a 28 cent federal tax obligation, if they sell the E10 at the same price. Not getting the 80c will cause corn-to-ethanol processors to have less profits, or a loss.

Post-Mortem for the Ethanol Tax Credit RedState

- As about 13.95 bg of ethanol were used to produce the various blends in 2011, the credit would have cost the federal government about $6.975 billion in taxes not collected. A 54 c/gallon tariff on ethanol imports, to protect the US corn-to-ethanol industry, also expired on July 31, 2011.

- Effective July 31, 2011, a tax credit for cellulosic biofuel production, set to expire at the end of 2012, was extended for three years, and expanded to include fuels from other crops and algae.

As a result, the net federal deficit reduction of the two meaures was a mere $1.3 billion in 2011.

You are talking about Bush era ethanol (VEETC) tax cuts that all expired. There are no cellulosic ethanol tax cuts being used. Ethanol is only $1.50 & is lowering gas prices.

You just proved, there is no Ethanol Subsidy. Since 1970 the US has spent $1.05 a gallon to secure foreign oil. That is a real $1.05 a gallon oil subsidy that tax payers had to pay for.

 

[nodoginnafight]

The mouth-breathing radical right isn't interested in facts - they are only interested in what they can try to blame on Obama.

If they would only stick to the REAL screw-ups of this administration, they might have some credibility left.

 

[RKMBrown]

FEDERAL AND STATE SUBSIDIES

The federal and state subsidies in the form of cash grants, tax credits, production credits, renewable energy credits, and accelerated depreciation write-offs are estimated at 35 - 45 billion dollars for the 1978 - 2015 period, most of it since about 2005.

E10 Blender Credit: The Volumetric Ethanol Excise Tax Credit (VEETC) of 51 c/gallon of ethanol was created in 2004 to provide oil refiners with an economic incentive to blend ethanol with gasoline. As of January 1, 2009, the “blender tax credit” (5.1 c/gallon for E10, and 42 c/gallon for E85) was reduced to 45 c/gallon. The “blender tax credit” expired on 31 July 2011. As E10 contains up to 10% ethanol, the credit per gallon of E10 was up to 4.5 cent. Eliminating the credit means the pump price of E10 may increase by up to 4.5 c/gallon. The “blender tax credit” distorted the economics in the corn market, which increased the cost of feed corn for cattle, and the cost of food in general.

Note: Corn-to-ethanol processors had been selling ethanol to oil refiners at about $3.00/gallon, but after expiration of the “blender tax credit”, sold at about $2.20/gallon. This price is still artificially low, because of the various OTHER subsidies. At a federal corporate tax rate of 35%, the 80 cent cost decrease would yield the oil refiner a net profit of 52 cent and create a 28 cent federal tax obligation, if they sell the E10 at the same price. Not getting the 80c will cause corn-to-ethanol processors to have less profits, or a loss.

Post-Mortem for the Ethanol Tax Credit RedState

- As about 13.95 bg of ethanol were used to produce the various blends in 2011, the credit would have cost the federal government about $6.975 billion in taxes not collected. A 54 c/gallon tariff on ethanol imports, to protect the US corn-to-ethanol industry, also expired on July 31, 2011.

- Effective July 31, 2011, a tax credit for cellulosic biofuel production, set to expire at the end of 2012, was extended for three years, and expanded to include fuels from other crops and algae.

As a result, the net federal deficit reduction of the two meaures was a mere $1.3 billion in 2011.

You are talking about Bush era ethanol (VEETC) tax cuts that all expired. There are no cellulosic ethanol tax cuts being used. Ethanol is only $1.50 & is lowering gas prices.

You just proved, there is no Ethanol Subsidy. Since 1970 the US has spent $1.05 a gallon to secure foreign oil. That is a real $1.05 a gallon oil subsidy that tax payers had to pay for.

BULLSHIT!!!

... a tax credit for cellulosic biofuel production, set to expire at the end of 2012, was extended for three years, and expanded to include fuels from other crops and algae.

DO YOU OR DO YOU NOT KNOW WHAT 12+3 IS? YES OR FRIGGING NO?

DO YOU OR DO YOU NOT UNDERSTAND THAT PAYING THEM HUNDREDS OF MILLIONS IN GRANT MONEY TO BUILD ETHANOL PLANTS IS AN EFFING SUBSIDY?

Were you born this stupid or did it take a liberal education to get you there?

 

[nodoginnafight]

Thanks again POTUS.

Screw you OBAMA YOU ASS HOLE.

You are cracking me up.