FROM Dennis Langley
Biofuels: The Benefits and the Bad News The rush is on for biofuels: to end dependence on oil, help solve global warming and create jobs for the rural poor. Corn-belt farmers are giving thanks today for ethanol, which brings incentives and subsidies from states and the federal government. But last May, the UN reported that biofuels may cause more environmental problems than they solve, as well as increasing the price of food. On this archived edition of To the Point, we weigh the pros and cons of energy from agricultural products. Is it really cleaner and cheaper? Is the US moving too fast?
Do Biofuels Cause More Problems than They Solve? The rush is on for biofuels to end dependence on oil, help solve global warming and create jobs for the rural poor. In America's corn-belt, especially in Iowa, there's a rush to produce ethanol. States and the federal government are providing incentives, including subsidies, for fuels derived from agricultural products. But a new UN report says the benefits of biofuels-including ethanol-may be offset by environmental damage, and there is growing concern about their impact on the price of food. We examine the pros and cons of energy from agricultural products. Is it really cleaner and cheaper? Is the US moving too fast?
Energy Independence and Ethanol One day after his State of the Union address, President Bush was on the road pushing energy independence by way of alternative fuels. Ethanol production, which is already a booming industry, would be increased five times on the way to reducing consumption of gasoline by twenty percent in the next ten years. Dozens of new, corn-based ethanol plans are coming on line in the farm states, and Wall Street sees a new gold rush. American voters also expect there's ethanol in their future, but there are plenty of not-so-hidden costs. Will corn-based ethanol deplete the food supply? What about greenhouse gases from ethanol and other "alternatives" like oil shale and coal? Is conservation a better solution? We're joined by pollsters, and energy experts and producers.
Trump plays scolder-in-chief with NATO allies At the opening of NATO’s dramatic new headquarters in Brussels today, President Trump acknowledged that Article 5 — promising that “an attack on one nation is an attack on all” -- has only been invoked one time: in the aftermath of September 11. But the President failed to provide what 27 other Alliance members have been waiting for: a re-commitment by America’s new leader to Article 5. Instead, they got a scolding.
Venezuela spirals into economic and political chaos Venezuela, a country whose potential for prosperity is unmatched, finds itself on the verge of civil war. What sustains the repressive government? With time running out, guest host León Krauze looks at what the international community can do to pull the country from the edge of collapse.
Ex-FBI Director Comey tells his side of the story Today, former FBI Director James Comey came close to calling the President who fired him a liar. The White House denied the claim and called it insulting, but Republican Senators did not challenge Comey’s truthfulness. Many questions remain: did the President try to obstruct a federal investigation? Later, we’ll go behind the “velvet rope” for a look at 5-Star health care for the richest Americans.