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The argument regarding Brazil is misplaced in that Brazil uses sugercane which is several times more efficient that corn based ethanol. Additionally Brazil can grow sugarcane 365 days a year. Chrystal meth seems to be the only thing you can make during a Nebraska winter.
Why in the heck don't we create private-sector tax incentives to establish hydogen fueling networks across the nation along with zero sales, income, and payroll tax for any US-based and US majority-owned company that designs, manufactures or sub-contracts to an entity which produces a viable hydrogen fueled internal combustion engine?
Additionally, establish 2 for 1 CAFE standard credits for every hydrogen powered vehicle on the road. Create tax credits for investors who buy stock in hydrogen power companies, etc.
Let the free market drive both the price of oil and the development of new technologies. Question: How many folks do you know who've purchased a Ford Excursion in the past 90 days? The force-Exxon-to-lower-it's-prices concept is urban legend. I doubt even Ceasar Chavez could sell fuel at $1.30 here.
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2004 X5 4.4i Sterling Grey/Black Sport Prem 132s/Diamaris Rear Climate OEM Nav/Sirius RBs AngelBrights Roundel Valve Caps, 35% front tint. Sold MArch 2012
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