1. ANATOMY OF A RIP-OFF.
- Author
-
Barnes, John A.
- Subjects
- *
ALCOHOL industry , *GOVERNMENT aid , *TAX cuts , *RURAL industries , *CROP insurance , *PETROLEUM products - Abstract
Details the economic issues surrounding ethanol gas production, which is headed by Archer-Daniels-Midland Co. in the U.S. Impetus to the availability of ethanol gas in the market; Competitive advantage of ethanol over ordinary gasoline; Extent of government subsidies provided to ethanol gas production; Ability of ethanol to generate vast profits while being completely uneconomical; Desperateness of the White House to pass the Kemp-Roth tax cuts; Issue of certificates to ethanol producers, by the Agriculture Department, entitling them for absolutely no charge to the surplus corn in government storage.
- Published
- 1987