Mike Shedlock

He could be both. Romney may be far better than Obama, but that is beside the point.

The point is ethanol from corn makes no sense. Ethanol from corn costs energy to produce and is only viable because of government subsidies. Ethanol from sugar cane makes sense, but the US has tariffs on Brazilian ethanol in order to support inefficient, energy wasting ethanol from corn.

Remove Tariffs, Legalize Hemp

Want to lower gas prices? Then remove tariffs on ethanol.

If you want biofuels, then legalize hemp.

Hemp needs no fertilizer, its fiber is softer than cotton, its seeds high in oil content, and it grows on poor soil.

Those are admirable properties. Does that make hemp viable for biofuels? I suspect so, but to be truthful, I just don't know. What I do know is if we get government subsidies out of the way and end needless regulation, the free market will find a way.

Get Rid of Big Government

Republican candidates ought to be supporting free market, small government policies. Instead, it is very disheartening to see Romney pandering to Iowa voters on the same big government subsidy side as president Obama.

Mike "Mish" Shedlock

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Mike Shedlock

Mike Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management.

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