Ohio encouraging biodiesel through tax credits, grants
Not a very exciting headline, I know, but realize what this means. With the state government offering tax incentives on soybean-based B20 biodiesel as well as E85 ethanol, each retailer can lower their price per gallon by at least ten cents, making the two renewable resource fuels that much more affordable to consumers. That, in turn, makes E85-capable vehicles more attractive to purchase, which then increases the demand for and sales of said biofuel, stimulating suppliers to churn out more go-juice. Then it gets cheaper, and we're all a bunch of happy peas in a very green pod.Ohio plans on throwing $4.5 billion at its tax credits every two years, and Mark Watkins, President of the Ohio Soybean Association (that sounds like a dream job) is also part of the National Ethanol Vehicle Coalition, who is pushing to get another $2 million from the feds, in addition to their current 30 percent tax credit. All you Ohioans can continue to enjoy your 43 E85 stations and 51 B20 stations, and look forward saving some scratch.
[Source: Dayton Daily News]
Reader Comments (Page 1 of 1)
William Crabtree 3:48PM (7/15/2007)
Ah..gotta love bureaucracy and politics at its finest!
I live in a small run down industrial town in central Ohio. There are magically 3 ethanol plants opening up in the next year here. Most the total of the three places are going to hire? 60 people.
So...the three owners of these places will have padded pockets and hire people at $9 hour at MOST.
We really need to get the beneficial alternative fuel research going...not this act of pulling wool over the uninformeds eyes. I love how they forget to mention that more resources are used in creating ethanol than it would be to make straight gasoline.
Reply
Tru 3:04PM (7/15/2007)
Biodiesel - the same price as diesel, less efficient and questionable as to whether it hurts your engine. Great stuff! The last time I had a chance to buy some it was 5 cents cheaper than the real deal. Woooo! Thanks, but no thinks. Even when we try to go green we end of saving no money. Why can't going green also mean we save a little green???
Reply
bioburner 8:23PM (7/16/2007)
$9 per hour is better than no dollars per hour which is what happens when you fill you tank with gasoline made from Mid-East crude oil. What the hay you could go to Saudia Arabia and get a job there working in thier oil feilds and make more.
Reply