Gasoline Prices Double In 3 years
- View SourceCorn cost less than any other energy source. Corn did cost twice as
much most recently in year 1817.
Gasoline prices doubled in 3 years.
Electricity prices doubled in select cities in the past two years -
Abingdon, Virginia (AEP), Bristol, Va (TVA) for example. Utilities
pick one city at a time.
OPEC picks heavy travel times like Memorial Day to show miles
traveled are not affected by fuel prices. Be wise and afford comfort
No heating fuel cost less than corn. No energy price is more stable
than the 200 year history of corn prices.
--- In firstname.lastname@example.org, "Cornstoves" <haclift@...> wrote:
> Listen up! Ethanol ear money stays home. Money otherwise ear marked
> for MidEast tourist and terrorist will stay home to tame the local
> Ethanol's billion-dollar impact in Missouri
> Apr 6, 2007 12:01 PM, By Jason L. Jenkins
> University of Missouri
> Missouri ethanol production capacity is expected to reach 500
> gallons in 2008, adding an estimated $1.17 billion to the state's
> economy annually, according to a study released by University of
> Missouri economists.
> The study, conducted by MU agricultural economists Vern Pierce, Joe
> Horner and Ryan Milhollin, accounts for all direct, indirect and
> induced economic effects of constructing and operating the state's
> ethanol production facilities. The new study updates a report
> released in February 2006.
> "This industry is growing so rapidly, we had to revise our study,"
> Pierce said. "Last year, our highest projected production capacity
> was 350 millions gallons in 2008. Now, it's 800 million gallons in
> 2009. It's growing that fast."
> Currently, Missouri ethanol plants produce about 160 million
> annually with an estimated economic impact of $522 million to the
> state and an additional $43 million generated in federal, state and
> local taxes, Pierce said.
> "This is a great industry for Missouri," he said. "We have corn
> producers with more money in their pockets, and that means more
> in small towns all over Missouri. It goes beyond just the corn
> When annual ethanol production reaches 500 million gallons, an
> estimated 177 million bushels of corn would be used to produce the
> fuel, increasing the value of the state's corn crop at the farm
> by $76 million, Pierce said.
> "That's $76 million new dollars in the pockets of Missouri corn
> farmers," he said. "That level of production also will support more
> than 7,700 jobs across the state, generate more than $110 million
> taxes, and produce 1.42 million tons of distillers grain that could
> feed more than 1 million beef cattle."
> Other grain producers also would experience increased profitability
> as fewer acres are planted to soybeans, wheat and rice, resulting
> higher prices for those crops. However, direct involvement in
> agriculture isn't a prerequisite to benefit from ethanol's economic
> engine, Pierce said.
> "A large percentage of ethanol plants are being invested in by
> farmers, and they're keeping the profits in their communities,
> bringing it back to Main Street and not sending it to Wall Street,"
> Pierce explained. "Those profits ripple through the community.
> Equipment dealers, feed suppliers, veterinarians, grocers,
> car dealers they all benefit."
> Increased tax revenues also would allow for more local investment
> schools, roads and other infrastructure. "A 20-year-old man living
> Laddonia, Mo., and working at a factory in Mexico, Mo, will
> even if he doesn't grow corn or work at the ethanol plant," Pierce
> said. "It's increasing economic value for the entire community."
> Pierce acknowledged that ethanol's increased demand for corn would
> likely push consumer prices for meat, eggs and dairy products
> as increased livestock feeding costs force producers to reduce
> herds and production.
> "But I'd argue that the cost of paying a little more for a steak or
> gallon of milk is worth it if it means I can buy it at my local,
> hometown grocery store that's still in business because of the
> ethanol plant," he said. "These ethanol plants are going to be
> somewhere in the U.S., and Missouri can capture the value of
> our corn into ethanol instead of exporting the raw commodity to
> "There's also still a tremendous opportunity for our livestock
> producers to benefit from the use of distillers grains. Livestock
> infrastructure wrapping around ethanol plants will grow to take
> advantage of these feedstuffs grains, adding more economic impact.
> "Ethanol provides opportunities for new wave of agricultural
> diversification off the farm."
> Complete findings of the study, which was funded through an
> unrestricted grant from the Missouri Corn Growers Association, are
> available on the MU Commercial Agriculture Web site:
> e-mail: JenkinsJL@...