Quote:
Originally Posted by NC_Skins
Hell yes get rid of this shit..lol
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But isn't there a return on investment case to be made on this?
You can mix ethanol at up to 10% levels into gasoline and cars will still run fine. I haven't done the math, but the financial analyst in me says:
- You have a cash outlay of $6 Billion
- You have savings on gasoline of 10% x Gallons of Gas Sold at Pump x (Price of Gasoline per Gallon - Price of Ethanol per Gallon)
So the question becomes, without the Ethanol subsidy could we still realize the savings on the 10% of gasoline that's displaced by Ethanol?
I'm sure this is overly simplified, but somebody somewhere needs to do an ROI on this before recommending cutting the subsidy.