When you want oil, you ask a geologist. When you want ethanol, you ask a farmer. Helping Louisiana farmers balance their productive portfolios of crops for food and fuel is a good hedge for all of us. As in any industry, some incumbents will resist the development of a new emerging market on their embedded assets asÂ a matter of course. The issues raisedÂ by the Mid-Continent Oil and Gas Association are not mean-spirited in my view but instead areÂ those that should be answered in the debate. They will be and if the bill is signed, I'm sureÂ the commissioner and industry will figure out how to make it work.
If the bill is not signed, the demand and supply of ethanol will continue to grow.Â We need all the liquid fuels we can get our hands on. The President of the United States has recognizedÂ it. Those in the state who had a bad experience when the nearly faddish fuel gasohol marketÂ in the '80s rose and fellÂ will cite a number of reasons why ethanol is not ready for prime time. In the 25 plus years since its introduction, with increasedÂ crop yields, market infrastructure, and industry efficiencies,Â acceptability has grown appreciably from a boutique fuel in the cornbelt Midwest to a real industry, spreading nationwide and supplying nearly 5 billion gallons this year. The oil industry has continually proved technological advances in the vertically integrated oil business; the renewableÂ ethanol business is doing the same.
"Odom's Bill" is helping toÂ educate our citizens aboutÂ growing bothÂ the carbon and carbohydrate industries in Louisiana. Brazil, confronted with 80 percent of its oil imports being cut off in the first Arab embargo in 1973, began its march to produce ethanol and persevered with it through the second Iranian embargo in 1979 and now has weathered $70-a-barrel oil prices. Their miracle crop? Sugar cane.
We may never accomplish complete energyÂ independence, but we can sure hedge our risks with all theÂ renewable resources we can muster. Farming and oil industryÂ men and women will figure it out. Our goal is to continue to do as Henry Ford once pondered ' how to now build the delivery structure so ethanol is readily available to the motoring public as seamlessly as gasoline.
Black Friday shopping begins; Pope visiting Turkey; oil prices decline and more national and international news for Friday, November 28, 2014.
Friday's Blogs from the Bog!
The fight to clean up Lafayette Parish could get some added ammunition with two ordinances up for votes Tuesday by the City-Parish Council targeting litter-bugs.
By striking a deal to lessen the blow of health insurance changes on state workers, school employees and retirees, Gov. Bobby Jindal's administration lowered the volume of criticism but gave itself and local school boards a new budget headache.
With the airport tax coming up for a parishwide vote in about a week, the Broussard City Council and its mayor have come out in support of the proposal.
Protesters rallied peacefully in several Louisiana cities in the wake of the Missouri grand jury decision not to indict a police officer in the fatal shooting of Michal Brown.
The U.S. rep billed LSU for work allegedly performed on the same days Congress voted on major legislation and held important committee hearings on energy and the ACA.
Abysmally low participation by the public has prompted the council to scuttle the 2014 survey with plans to simplify it and try again next year.
The village now says the ordinance will likely be overturned and authorities will more vigorously enforce existing leash laws.
Bill Cassidy cast an early ballot Tuesday, seeking to draw renewed attention to a race that has fallen off newspaper front pages and away from people's minds as they plan holiday meals and shopping schedules.
Battered all night by Baltimore's relentless pass rush, Drew Brees could feel his protection collapsing and Terrell Suggs getting ahold of him as he urgently unloaded a pass to the right flat toward tight end Jimmy Graham.
After a convincing defeat at the polls on Nov. 4, Earl “Nickey” Picard has decided to let bygones be bygones with his former right-hand man Brian Pope, announcing his support for his former employee’s runoff bid to become Lafayette’s next city marshal.
Saturday the athletic department did everything possible to ensure the 2014 Ragin’ Cajun seniors remembered fondly their last home game. Rain and lightning never arrived but turbulence did in the form of the Appalachian State Mountaineers.
Even stranger than the Republican Party’s decision to hold a “unity rally” earlier this month for Congressman Bill Cassidy in a Baton Rouge bar, Huey’s Bar, was the fact that the establishment was named after Louisiana’s most famous Democrat.
Bar Code is not a gay bar.
After failing to pass a medical marijuana bill last year, state Sen. Fred Mills, R-Parks, is telling supporters he will return in 2015 with legislation that focuses on different applications like oils and pills.
Voters, obviously, are not yet tuned into the 2015 ballot, despite the intriguing races it will host.
By now, the story of how longtime LSU coach Dale Brown discovered Shaquille O'Neal has been told many times: Brown happened upon a massive 13-year-old at an army base in Germany, stayed in touch with him and eventually became like a second father.
Fate simply wasn't ready to give the New Orleans Saints a break from longtime nemesis Steve Smith.
Lafayette Police have had a busy day.
Gov. Bobby Jindal's administration will use $130 million in patchwork financing from a tax amnesty program, insurance settlement, uninsured motorist penalties and other excess funds to close most of the state's midyear budget deficit.
Democratic U.S. Sen. Mary Landrieu said she disagrees with President Barack Obama's actions on immigration, hoping the latest controversy doesn't worsen her campaign difficulties.
Gay-rights advocates challenging Louisiana's same-sex marriage ban announced Thursday that they have asked the U.S. Supreme Court to review their case before it is heard by a federal appeals court.
Thinking himself the “son of God,” the man charged with the 2013 killing of an officer of the Chitimacha Tribal Police will not stand trial following a ruling Thursday on his mental competency.
Either Saints coach Sean Payton doesn't want to tip Baltimore off as to who'll start in New Orleans' secondary on Monday night, or he really doesn't know yet.