[StBernard] Ethanol bill gets Senate OK

[Westley Annis]

Oh Christ!!  We really need this right now, don't we?  An extra 50 cents?
In-credible!
 
Also Westley, I saw that Boasso objected but what was his final vote, a yea?
 
JY


 

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	Ethanol bill gets Senate OK
	
	Policy would raise price of gasoline
	
	By MARK BALLARD
	Capitol news bureau 
	Published: May 25, 2006 
	
	
	The Senate voted Wednesday to require that a percentage of fuel for
vehicles
	sold in Louisiana contain renewable fuels such as ethanol - a policy
that
	would at least temporarily raise the price of gasoline.
	
	Gov. Kathleen Blanco said she will sign the legislation because it
would
	give farmers a second market for their crops.
	
	"This will spur our farm economy," Blanco said. "I also think that
in the
	long haul it can help with the price of gasoline."
	
	Blanco counseled patience as the cost of producing ethanol increases
the
	price of gasoline about half-a-dollar per gallon.
	
	The legislation would entice businesses to build plants that would
turn
	plant matter - such as, sugar cane, corn and soybeans - into an
additive for
	gasoline called ethanol, she said.
	
	As more production facilities open and more ethanol becomes
available, the
	price should go down, she said.