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#10 |
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A Dude
Join Date: Feb 2005
Location: Newtown Square, PA
Age: 46
Posts: 12,458
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Re: How would you fix the economy and budget issues?
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.
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God made certain people to play football. He was one of them. |
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