Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • Debbie Young
  • Jimmy Buffett
  • Key West
  • Your Survival Guy
  • How We Are Different
  • Paris
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • The Great Reset
  • The Swiss Way
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • Dick Young
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool
  • Anti-Gun Control
  • Anti-Digital Currency
  • Joel Salatin and Alfie Oakes
  • World Gold Mine Production
  • Fidelity and Vanguard Since 1971

Ethanol for Newt

January 31, 2011 By Richard C. Young

According to the staff of Congressman Paul Ryan, the budget deficit is poised to increase to $1.48 trillion from $1.416 trillion even when a projected $66 billion more will be raised in tax revenues from 2010 to 2011. In other words, the president’s budget is getting more money, and spending it faster than it did last year, and then borrowing even more to boot.

In this perilous situation every American should be asking for less spending. Special interests are gobbling up taxpayer dollars, and so-called “conservatives” like Newt Gingrich are not helping. Mr. Gingrich has given an absolute stinker of a speech in Des Moines to the Renewable Fuels Summit. According to Monte Shaw, the Iowa Renewable Fuels Association executive director, “Speaker Gingrich has been a champion for renewable fuels since at least 1995 – first in the legislative arena and, more recently, in the arena of ideas.” According to Mr. Gingrich’s speech, he’s been in the tank for ethanol a lot longer than that.

Apparently the “ideas” Mr. Shaw writes about are the plans Mr. Gingrich has to push for a government mandate to automakers that all vehicles be made to “flex-fuel” standards, so they may run on a fuel mix of up to 85% ethanol. In his speech Gingrich says, “there is zero reason to tolerate their resistance,” referring to the automakers’ concerns about building flex fuel cars. No reason to “tolerate” resistance? This statement is coming from a man that has (rightly) hammered the Obamacare plan on its individual mandate. The hypocrisy is rife.

Mr. Gingrich argues that more ethanol must be blended with all gasoline because Americans would be “confused” by more than one pump. This, even though there are already many gas stations with diesel pumps, and Americans haven’t had a problem yet. In Europe multi-fuel stations are common, if not the norm and the Europeans don’t seem to be having a problem of putting CNG in gasoline tanks.

But according to Mr. Gingrich the Europeans are not to be trusted. Using his logic, turning 40% of America’s corn crop into fuel is not the reason there are food shortages. The reason, according to Mr. Gingrich, is that Europeans will not grow genetically modified crops. Now it appears Mr. Gingrich would like to extend his mandating to Europe. Perhaps he’ll run for president of the world.

Listen to his speech here and judge for yourself if you think Americans ought to be forced to buy anything, even flex fuel cars. Right now, due to a government mandate Americans are forced to buy a tenth of a gallon of ethanol every time they want nine tenths of a gallon of gasoline.

If you’re willing to fight for Main Street America, click here to sign up for my free weekly email.

Related Posts

  • Could Ethanol's Days be Numbered?
  • Breaking Bad, Breaking Good
  • Breaking News from Harley Davidson
  • Author
  • Recent Posts
Richard C. Young
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Richard C. Young
Latest posts by Richard C. Young (see all)
  • The Single Worst Market Timing Event in History - September 25, 2023
  • “But What Happened to Eggs?” - September 25, 2023
  • The Breakfast of Champions - September 25, 2023

Dick Young’s Must Reads

  • The Breakfast of Champions
  • Key West’s Best Burger
  • SVB – There’s Panic in the Air
  • When the Black Swan Swoops In for You
  • DIGITAL DOLLAR DOOMSDAY: The Wall Street Journal Is NOT Going to Tell You This
  • America’s States Rights Revolution
  • The Swiss Way
  • What’s the Best Survival Currency?
  • America’s Number One Patriot: Naples Florida’s Alfie Oakes
  • What to Do about China?

Compensation was paid to utilize rankings. Click here to read full disclosure.

RSS Youngresearch.com

  • “You Didn’t Eat That Again, Did You?”
  • Your Survival Guy Fishing with Dolphins
  • The Single Worst Market Timing Event in History
  • Government Intervention Begets More Intervention
  • Wellington and Wellesley Funds Not Managed by Vanguard
  • Inflation Could Kill Social Security
  • Will the Fed Hold Up Its End of the Bargain?
  • Should America Move Closer to the Saudis, or Push them Away?
  • Don’t Ask Me When to Haul Your Boat
  • Robot Warehouses Need Better Internet

RSS Yoursurvivalguy.com

  • “You Didn’t Eat That Again, Did You?”
  • Is McCarthy Up to the Task?
  • Rising Costs Are Hammering Commercial Real Estate
  • Your Survival Guy Fishing with Dolphins
  • Judge Shatters California High Capacity Magazine Ban
  • Is Your Water Safe to Drink? NOLA Residents Aren’t Sure
  • Wellington and Wellesley Funds Not Managed by Vanguard
  • Remembering Jimmy Buffett: The Oldest Surfer on the Beach
  • The Folly of Windmills from Nowhere USA
  • NYC Rolling Out the Robocops

US Treasury Yield Curve: My Favorite Investor Tool

Five Year Treasury Yield

Fighting Russian Power with a Hill of Crosses

“You Didn’t Eat That Again, Did You?”

Does Donald Trump Need the Pro-Life Vote?

What’s Happening with Iran?

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives