The Ethanol Papers - Paperturn manuscript - Flipbook - Page 399
ยท Barely generates more energy than it takes to produce it
You also made a number of misstatements in your letter; You say there
never was an ethanol subsidy, ignoring both the 45-cent per gallon payment to blenders, as well as the aforementioned import tariff. That subsidy, whether to farmers or blenders still operates to lower the cost of
ethanol, distorting the market. That anyone can imagine it is not a subsidy
is astonishingly silly position.
Last, I have long ago learned that people who engage in Ad hominem
attacks and name-calling in debate do so because they either lack the
ability to make a coherent argument, or because their position is without
merit. I suspect in your case it is both.
Good day sir.
www.Ihatecorntethanol.com
MY REPLY TO BARRY RITHOLTZ
Hi Barry I do appreciate that you replied to my earlier letter, thank you.
I'd also like to thank you for providing further evidence that you know very little
about the issue and that your general business knowledge is severely limited.
You say that you wish that I would have read your column, instead of just responding to what others have said about ethanol. I did read your column, which
is why I was able to reply to your comments, and then, when it was evident that
you were simply parroting what others have said (most notably Robert Bryce),
I thought the most expedient use of my time was not to repeat how I have responded to Mr. Bryce in the past, but to simply provide a link to a very lengthy
report that I wrote in reply to his cesspool book "GUSHER OF LIES" (I say
cesspool rather than seminal because it better describes the quality of his
work).
Unfortunately, it doesn't appear that YOU read your column. Both words "subsidize" and "subsidies" appear in your article. But even if the word "subsidies"
didn't specifically appear in your article, you are correct that the word "subsidize" is a verb defined as "to purchase the assistance of by payment of a
