The Ethanol Papers - Paperturn manuscript - Flipbook - Page 420
But, for argument sake, let's say that all import tariffs are removed from foreign
ethanol, at this point the biggest losers wouldn't be domestic ethanol producers,
if would be the oil industry. Cheaper ethanol would make ethanol-gasoline fuels
even cheaper than they are now; they would be more of a competitive threat to
the oil industry. It would force your precious oil industry to lose money, or for
the government to impose greater at-the-pump taxes to quell the oil industry's
complaints. The irony of your solution would be to create more taxes, not less.
The oil industry is the most heavily restricted industry in the world; there is nothing free about it. It's worse than the diamond cartel restrictions because not
everyone needs diamonds on an every-day basis. We can get along without
diamonds, but we can't get along without engine fuels. They have us over a
barrel, pun intended.
There you have it, Barry, a numbered list of responses to your numbered list of
childish, ignorant questions. Now it's your turn to provide information that you
think contradicts, challenges and/or corrects anything I've presented.
No more dancing; no more semantic games. Frankly, if Bloomberg doesn't terminate its relationship with you immediately, they have no credibility.
(Barry Ritholtz never replied back)
