US ethanol and biodiesel producers are in pretty flat mood after a Washington Post election story yesterday about the Democrat's plans for the first 100 legislative hours following their progress in the mid-term elections last week.
The key passage
House Democratic leaders have put forward an ambitious opening salvo for January, a 100-hour legislative blitz that includes raising the minimum wage, boosting alternative-energy research and repealing tax breaks for oil companies. They also want to beef up seaport screening, expand college tuition assistance, boost stem cell research and allow the federal government to negotiate lower drug prices under Medicare.
In a recent radio broadcast Governor Howard Dean, chairman of the Democrat National Committee Dean, said
We will energize America by achieving energy independence, and we will begin by rolling back the multi-billion dollar subsidies for big oil.
The proof of the pudding is in the eating.