The Ethanol Papers - Paperturn manuscript - Flipbook - Page 422
The other thing I looked at was your biography. It appears that you never actually worked in any industry in which you would have learned about business.
I'm sure you took some "business" classes in school, but it doesn't look like you
ever worked in a manufacturing company or sales company, and there is definitely no indication that you ever tried to start and run your own business that
involved operating a cash register.
In reading press releases from ACCF, I also noticed that
you only recently joined this group, just a few weeks prior
to your High Plains Leader article. So, my first questions
are: Were you given the assignment to write this story as
part of your initiation into ACCF? Were you told that petroleum oil groups are major contributors to ACCF and you
had to show what you can do?
George "David" Banks
By the way, I'm not criticizing you or ACCF for taking
money from the oil industry, after all, you guys have families and need to provide for them. Certainly, the oil industry has more money
than they know what to do with, so what the heck. I only wish you would choose
a way to support your families that isn't so harmful to our country.
The point of my contacting you is to make sure you know, if you don't already
know, that you have no idea of what you are writing about. Your comments
about ethanol are as ignorant as those written by Richard Rahn almost four
years ago. Incidentally, on July 24, 2012, I wrote to Mr. Rahn and explained
how he was wrong. He never replied; I guess he was embarrassed at being
caught stupid. However, from a Google search of Mr. Rahn's work after that
date, it appears that he greatly shied away from discussing ethanol again, so
maybe my note to him had some beneficial effect.
I hope you won't be so rude as to not respond to me. I'd at least like to see you
give challenging the truth a try.
Let's get to it, shall we: You start with the ridiculous "ethanol production causes
food price increases" argument. This argument was specious nearly 10 years
ago when The World Bank was first putting together the paper that would blame
increased ethanol production for food price increases. However, two years later,
The World Bank retracted that claim and placed the blame where it was rightfully deserved, on petroleum oil price increases and commodity speculators.
Two years after that, The World Bank reiterated that petroleum oil prices and
speculators were to blame, not corn ethanol production.
