Wednesday, September 20, 2006
Bush's Anti-Geogreen Gas Tax
"Dumb as We Wanna Be," by Thomas Friedman, New York Times, 20 September 2006, A27.
I've written before on the need for a geogreen gas tax. Raising the effective cost of petroleum to something like five-dollars-per-galloon. A geogreen gas tax supports freedom and frees us from propping up Middle East tyrants.
Stupidly, very stupidly, America taxes foreign sugar-ethanol. This hurts our New Core allies, props up Saudi terror-financiers, and takes in exactly the wrong direction.
Tom Friedman writes:
Thanks to pressure from Midwest farmers and agribusinesses, who want to protect the U.S. corn ethanol industry from competition from Brazilian sugar ethanol, we have imposed a stiff tariff to keep it out. We do this even though Brazilian sugar ethanol provides eight times the energy of the fossil fuel used to make it, while American corn ethanol provides only 1.3 times the energy of the fossil fuel used to make it. We do this even though sugar ethanol reduces greenhouse gases more than corn ethanol. And we do this even though sugar cane ethanol can easily be grown in poor tropical countries in Africa or the Caribbean, and could actually help alleviate their poverty.
Yes, you read all this right. We tax imported sugar ethanol, which could finance our poor friends, but we don't tax imported crude oil, which definitely finances our rich enemies. We'd rather power anti-Americans with our energy purchases than promote anti-poverty.
Hopefully Bush will flip-flop on this soon. Otherwise, his second term will be as wasteful as the Republican House is harmful.