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Originally Posted by 8cd03gro
Not to be a dick, but it's kind of funny that you would say it takes CO2 out of the atmosphere. It's a plant. They all do that.
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Absolutely correct!! And that's the point. By sourcing fuel from a plant that takes part in the natural cycle of things...you have much less impact on the ecosystem in terms of both emissions and introducing a foreign material to the picture. Fuel from Algae takes this concept to an even higher level.
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Originally Posted by fielderLS3
Then add to that the fact that we risk a HUGE dependency upon foreign food for a small decrease in foreign oil dependency. (Using all of our agricultural land to grow corn ethanol would replace just 12% of our transportation fuel).
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Ethanol's primary source will not be corn in the future, so your point...while a good one under a particular set of circumstances...isn't much of a concern.
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Originally Posted by Number 3
Does it then make sense for the Government to allow the manipulation of the price of oil beyond the market driven price to much higher levels in order to accomplish a) and b) above?
If the oil companies make obscene profits, the government still collects taxes on that profit. While not as much would be collected as a straight up tax at the pump, stockholders would be benefitting by dividends and higher stock prices which would also be taxed. And with higher gas prices a), b) AND c) are accomplished.
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No. I would support a straight-up tax at the pump. We tax alcohol and tobacco with a "sin tax", don't we? If they wanted to, they could take the same concept to fuel...but manipulating prices via the economy is playing with fire.....very hot fire, imo.