Being from Indy, having been to over 20 Indy 500 races, but never having ventured beyond, this was a real treat. I TiVo every IRL race each week. I have come to eat and breathe IRL like I do Butler basketball. Hey, I am a kid from Indy!
Life LessonSpend more time with your kids!
For the past four IRL seasons, the league had an arrangement with the ethanol industry, of which all cars, all season, ran on ethanol. For the 2011 season, this is no longer the case as the cars are now running on that nasty fuel...gasoline!
Rumor has it that Congress is close to reversing the 50 cents per gallon subsidy for ethanol. If it does so, the fuel is not cost competitive. The most reliable studies on ethanol have revealed the following:
- Without the 50 cents per gallon subsidy, the fuel is not cost competitive with gasoline.
- Regardless of subsidy, the boondoggle of artificially promoting a "greener" fuel has had widespread, negative implications.
- The cost of corn has skyrocketed over the past five years, causing Americans of all incomes to suffer an "ethanol grocery tax."
- The amount of energy that it takes to produce a gallon of ethanol exceeds the "carbon footprint" of producing a gallon of gasoline.
- Game, set, match.
There you have it!