This Week's Song by The Raconteurs - Top Yourself

7.29.2008

The politics of ethanol mandates

T. Boone Pickens in the LA Times (HT Hit and Run):
Back in 1996 when Bob Dole ran for president and I was his energy advisor, and he told me...on ethanol, he said, "Ethanol is, you say it's a bad fuel." I said, "Come on Bob, you spend more money making it than importing it." And he said, "Let me explain something to you about politics: There are 21 farm states, and that's 42 senators. Don't go any further." I'm getting the picture. I said, "They want ethanol." He said, "They're going to have ethanol." And so he said, "Don't waste any more of our time or your time telling us it's a bad idea, because they're going to do it."
Reason adds the following:
Apparently Pickens believes that taxpayers and ratepayers should help him finance his gigantic $10 billion wind farm. Like the ethanol barons before him, Pickens has learned to love subsidies and corporate tax breaks as much as next tycoon. Ah, hypocrisy.

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