The Energy Independence and Security Act of 2007
By Cartoon: Patrick Chappatte of Le Temps, Switzerland
Project: Cynthia Kirkeby, ClassBrain
Dec 20, 2007, 15:35 PST
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| © Patrick Chappatte of Le Temps, Switzerland 2007 |
The Energy Independence and Security Act of 2007
The signing of the Energy Independence and Security Act of 2007 on Wednesday, December 19th, 2007 gave the ethanol business a huge boost. The new law calls for a six-fold increase in ethanol production, the majority of which is corn based production in the US. However, according to the Associated Press, “Ethanol stocks mostly fell on Thursday as investors weighed recent fundamental weaknesses in the sector against recently passed energy legislation that will push ethanol further into the mainstream.”
Questions to Ponder
- Why is corn-based ethanol getting such a push by the government?
- Will the demand for corn-based ethanol effect pricing on foodstuffs to the point that corn products become too expensive as food items?
- How will a six-fold increase in US ethanol product effect our exportation of corn to third world countries?
- Will new incentives be put into effect to encourage the shipment of corn as food items rather than petroleum?
- Why did stock prices of corn-based ethanol fall on Thursday after the signing of the Energy Independence and Security Act of 2007 on Wednesday?
Learning Links
Ethanol push is more than dollar-and-cents issue
Source: Delta Farm Press
Sector Snap: Ethanol Stocks Mostly Fall
"thanol stocks mostly fell on Thursday as investors weighed recent fundamental weaknesses in the sector against recently passed energy legislation that will push ethanol further into the mainstream."
Source: Associated Press
US energy law drives alternative to corn ethanol
"The U.S. energy bill signed into law by President George W. Bush on Wednesday should drive a billion-dollar domestic business for a low-emissions domestic ethanol made from sources other than corn -- though it could take nearly a decade to go from the lab into car tanks."
Source: Guardian Unlimited
New Uses for Tropical Maize
Source: Ethanol Producer Magazine
Sweet potatoes eyed as ethanol source
Sweet potatoes may become a good source of ethanol and could reduce the biofuel industry's controversial use of corn, researchers said Thursday.
Source: AFP
© Copyright 2007 by Classbrain.com
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