Gas Price Increase blamed On Ethanol

So Lee Raymond, the Exxon executive that cashed in for roughly half a billion dollars, wants the public to believe that the increase in gas prices is a direct effect of ethanol. It didn't seem to cut into his share of the profits.

It's crap like this that continues to stall our independence from oil and the countries that try to hold us hostage because they have oil. Which is why the country is running around like chickens with their heads cut off about Iran. Meanwhile North Korea, who has the bomb, not so important to people right now. What is the difference???? OIL!!

(Progress Report)BLAME ETHANOL:
Last week, as members of Congress returned home for spring recess, Big Oil took the opportunity to pass along some misinformation about why it is not responsible for the high gas prices. In a letter circulated to every member of Congress, the American Petroleum Institute (the oil industry's main lobbying group) blamed current prices on ethanol. The gist of its argument: last year's energy bill ended an "oxygenate requirement" (oxygenates are fuel additives "that contain oxygen which can boost gasoline's octane quality, enhance combustion, and reduce exhaust emissions").