President Bush talked about his energy initiatives, domestic fuel and alternative fuel vehicles during a visit to a Ford Motor assembly plant in Kansas City, Missouri on Tuesday.
“The reason I’ve come is I want to highlight an important initiative for the country, and that is to promote technologies so we are less reliant upon foreign sources of oil. And the best way to become less reliant on foreign sources of oil is to manufacture automobiles that will use either less gasoline, or different kinds of fuels,” said Bush.
The president talked about his goal of reducing America’s gasoline consumption by 20 percent over the next 10 years and how hybrid cars and flex-fuel vehicles can help achieve that goal.
“You’re producing flex-fuel vehicles here, where somebody can decide to fill up with ethanol, or they can decide to fill up with gasoline, their choice. In turns out that Henry Ford — Model T was one of the first flex-fuel vehicles. I didn’t realize that until I came here — but that he had the vision of having the Model T run either on gasoline or ethanol. Isn’t that interesting?”
Read the president’s entire address at the Ford plant from the White House website.


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The CEO of Wisconsin’s
The US Department of Agriculture has awarded $6.2 million in grants to more than two dozen small businesses and community groups to develop innovative uses for woody biomass, including renewable energy and new products, from national forests.
Ethanol-enriched fuel was a clear winner at the 55th running of the 12 Hours of Sebring, the first time the renewable fuel was used in an endurance race format. The LMP2 class was won by Andretti Green Racing featuring the Acura ARX, while Corvette Racing took a first in the GT1 class. For the first time ever, both cars used a 10 percent ethanol-enriched blend.
A newly created renewable energy center at IUPUI has been named after Indiana Senator Richard Lugar.
A new study by the
Feed prices have indeed increased significantly. As feed costs generally account for more than half of operating costs for industrial operations, higher prices can have an important impact on the bottom line for these companies. So too can low prices. Any discussion of today’s high prices should take into account the extent to which these same firms have benefited from many years of feed that was priced well below what it cost to produce. In the nine years that followed the passage of the 1996 Farm Bill, 1997-2005, corn was priced 23% below average production costs, while soybean prices were 15% below farmers’ costs. As a result, feed prices were an estimated 21% below production costs for poultry and 26% below costs for the hog industry. We estimate cumulative savings to the broiler chicken industry from below-cost feed in those years to be $11.25 billion, while industrial hog operations saved an estimated $8.5 billion. The leading firms gained a great deal during those years from U.S. agricultural policies that helped lower the prices for many agricultural commodities.
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