E85 Boondoggle of the Day: Fear And Loathing On The Campaign Trail
There is no greater condemnation of an industry’s lack of competitive spirit than seeing its executives hanging around political conventions. Their sudden interest in the future direction of America sends a single resounding message: we have failed on our merits and our misery demands company. And while Detroit snuggles up to Obama, courtesy of McCain’s semi-stand against a D2.8 bailout, the E85 lobby gets to represent the failures of America’s auto and energy businesses at the Republican convention in Minneapolis. Of course, it helps that Minnesota is a standard-bearer for ethanol, bringing countless millions in pork to the land of a thousand lakes. But the mere presence of E85-backers at the RNC convention isn’t enough to hammer home the ugly, thoughtless greed of the corn-juice movement. Domesticfuel.com reports that the American Lung Association of the Upper Midwest has purchased a number of pro-ethanol TV spots and billboards aimed specifically at the Donkey do. “Addicted to Oil?” asks a sign on the St. Paul skyway. The query that really begs an answer here is “what the hell is a respiratory health advocacy group doing schilling for agribusiness?” Meanwhile, yesterday’s E85BOTD poster child POET has given the University of South Dakota a $3.9m grant to study cellulosic ethanol. First, why not just build another plant, considering POET’s first cellulosic ethanol plant in Scotland cost $4m? Second, will this research grant simply provide academic fodder for the corn farming lobby’s campaigns? And third, why didn’t POET ask the government to fund this grant? Is ethanol finally learning to stand on its own? Don’t count on it.