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House Proceeding on May 1st, 2008 :: 0:20:33 to 0:22:26
Total video length: 3 hours 40 minutes Stream Tools: Stream Overview | Edit Time

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Doc Hastings

0:20:33 to 0:20:44( Edit History Discussion )

Doc Hastings: that is have led to an artificial demand for ethanol. h.r. 35911, the remove incentives for producing ethanol act of 2008, or ripe act, repeals the renewable fuel standard, repeals tax credits

Doc Hastings

0:20:33 to 0:22:26( Edit History Discussion )
Speech By: Doc Hastings

Doc Hastings

0:20:44 to 0:21:01( Edit History Discussion )

Doc Hastings: for ethanol producers, and repeals tariffs and duties on imported ethanol. these incentives are giving ethanol producers a guaranteed market for their product. domestic corn already a heavily subsidized

Doc Hastings

0:21:01 to 0:21:16( Edit History Discussion )

Doc Hastings: commodity has been the primary source of biofuel and the mandate has encouraged farmers to focus agricultural production away from food production and toward fuel production. the department

Doc Hastings

0:21:16 to 0:21:46( Edit History Discussion )

Doc Hastings: of agriculture has said that the biofuel mandate has raised fuel prices as much as 20%. in addition, ethanol's role as a supposed savior for our energy woes has been severely overstated. ethanol

Doc Hastings

0:21:46 to 0:22:26( Edit History Discussion )

Doc Hastings: is a fuel yields about 30% less energy per gallon than -- per gallon than a gallon of gasoline. th is what happens when government picks winners and losers in the economy in the marketplace.

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