
Originally Posted by
kydonky
Beware of what you read on blogs......The Energy Independence and Security Act was passed and signed in 2007 By President G. W. Bush. It mandates certian amounts of ethanol be sold in fuels. E85 was supposed to be a large consumer of ethanol. However, Flex fuel vehicles have been slow to catch on and E85 has not been used as widely as expected.
The law signed by Bush mandates we use a certin amount of ethanol, the ethanol supporters are trying to boost use in other fuels.
DON'T BLAME PRESIDENT OBAMA....DON'T BLAME PRESIDENT BUSH.....DO BLAME THE OIL AND GAS INDUSTRIES, TERROIST STATES, and SPECIAL INTERESTS.
Pres. Obama pushed BP to put 20 Bil. in a fund for Gulf clean up. He was criticized for being anti oil. Now BP is threatening to limit damages to 75 mil. Result of Pres. Regaan's caps on damages to oil companies. These companies made record profits from 05 to 08. Some years in excess of 700 bil. Combine all companies (mobile, Exon, BP, Ashland) and you are in trillions.
It would be simple if Pres. Obama could reverse the 2007 act. It would be simple if Pres Bush could predict the future and taylor the act to be flexable.
Do express your opinion on the issue, but be careful on who you blame and why.