What qualifies as gluttonous profits? How about 8,000%!

If you’re looking for a good read, I think you might have just stumbled across one.

Take a look at this article by Marc J. Rauch, Executive Vice President of The Auto Channel which claims to be the “largest independent automotive information resource.” I don’t know about that, but I do know that Mr. Rauch is in favor of calling a spade, a spade.

The article quickly chronicles the arrival of a news tip in his inbox entitled Automakers Concerns with E15, and his thoughts on the folks that wrote the article, their lack of facts, and their unbiased support of the oil industry.

He offers some great quotes. For one, “The story’s byline claims that its author is with the ‘Ethanol Transparency Project,’ a sponsored program of “The Agribusiness Council.” After perusing information about The Agribusiness Council I would say that its name is as ill-conceived in describing its real purpose as “National Socialism” was to describe Hitler’s Nazi Party."

And he summarizes the article by saying, “Except for those people who make gluttonous profits from the petroleum oil, it is in everyone’s best interests to destroy OPEC and the ruling hierarchy of the gasoline companies. Energy independence from foreign dictators and terrorism supporters can be had, and there are economically viable alternatives to gasoline that are available right now. Alcohol (ethanol) is one, and it may be as close to a viable single source solution to oil as is possible.”

I won’t ruin it for you. Come check it out here.

By: Lindsay Mitchell
ICGA/ICMB Project Coordinator