Oil manipulation bad, corn manipulation good
I’m sifting through Bush’s energy proposals. This is particularly rich:
The President’s Plan Enables America To Lead The World To Energy Security. By establishing such a visible and ambitious fuel standard, America’s global leadership will help encourage our friends and allies to consider similar policies. Actions by America’s friends and allies to increase their production of oil and oil alternatives, diversify their supplies, reduce their consumption, and increase their oil reserves will enhance the energy security of America and the rest of the world. Conversely, foreign actions that undermine free, open, and competitive markets for trade and investment in energy supplies diminish the energy security of America and the world. This is why America opposes the political manipulation of oil and gas exports. [my emphasis]
Watch what’s going on here. Bush is talking about shifting 15% of our gasoline use to corn ethanol by 2017. That means our energy security will be bound up with some of the most tarriff-and-subsidy-ridden trade policies in the world — policies that make a mockery of "free, open, and competitive markets." This from an AP story just yesterday:
South American agricultural leaders Argentina and Brazil have joined Canada in a complaint against the United States over what they claim are illegal government handouts to American corn growers, trade officials said Monday.
But manipulating oil and gas trade? Well, that’s beyond the pale!