The recipe for one of the most infuriating thing that I have heard in a while
Take the government's absurd ethanol blending mandates and import tarriffs
Mix in the current climate of bailing everyone and their mother out after they have made stupid mistakes
And Ta-Da we have one of the most infuriating things that I have heard in a long time...and that's saying something with everything that has gone on lately.
U.S. might pay ethanol plants for corn losses
"The U.S. Department of Agriculture may use its rural development money to assist ethanol plants that have suffered losses in the volatile corn futures markets, Agriculture Secretary Ed Schafer said Friday in Des Moines.
"Some plants are under pressure because they've been speculating on corn," Schafer told reporters after speaking at the World Food Prize symposium breakfast...." As if it wasn't bad enough that ethanol produced from corn is a completely worthless source of energy that only exists because the government has passed laws mandating its existance and preventing foreign competition, now the government is considering giving money to the ethanol producers who have lost big bucks in the futures market. Where can I apply to be reimbursed for my losing trades? Good grief.
U.S.Agriculture Secretary Ed Schafer speaks at a World Food Prize breakfast Friday morning in Des Moines where he stated that the government might help ethanol plants harmed by falling prices.