Pamela Drew’s Recent Comments

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  Costlier Warts on the Ethanol

  You make some wonderful points about the hidden costs behind the clean green hype.  Beyond those are a few getting the consumers' greenbacks.

  The conservative think tank CATO Institute report,  ADM: Case Study in Corporate Welfare , stated

  "At least 43 percent of ADM's annual profits are from products heavily subsidized or protected by the American government. Moreover, every $1 of profits earned by ADM's corn sweetener operation costs consumers $10, and every $1 of profits earned by its ethanol operation costs taxpayers $30."  

  Here's the link to the full report. ADM can see GREEN from ethanol, but beyond the hype, taxpayers may see some RED!!

     http://www.cato.org/pubs/pas/pa241es.html  On A new reliance on coal could sap green cred from the ethanol industry posted 3 years, 6 months ago 17 Responses