Thursday, March 09, 2006

Exxon Mobil CEO calls for an end to ethanol subsidies

If we decide to end ethanol subsidies, then it would only be fair to government financial support for fossil fuel suppliers as well, including the securing of oil trade routes and sources with our military. Of course, I don't really think we should do either one. We still need fossil fuels, but we also need to develop domestic fuels for the sake of our security and economic survival. -- Jeffrey Goettemoeller
Exxon Mobil CEO calls for an end to ethanol subsidies:
Detroit Free Press -- by Jeff Wilson & Joe Carrol, Bloomberg -- 3/9/2006
"Exxon Mobil Corp., after posting a record $36.1 billion in profit last year from surging oil prices, said the United States should end 28 years of subsidies for a competing fuel made from corn because the subsidies benefit domestic growers."

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