Freshly minted state Sen. Robert Thompson (D-Paragould) took a bit of a beating in yesterday’s Fort Smith Times Record. The print-and-ink pummeling came over Thompson’s proposed legislative push to make biodiesel much, much more widely available than it is now. From the linked editorial:
What (Thompson) is attempting is to dictate market forces. He says he’s planning to file legislation that would force service stations to stop selling regular petroleum diesel and begin selling biodiesel.
The monkey wrench you hear being thrown into Thompson’s plan is the fact that prices for soybeans – the primary “bio” element of biodiesel – are rising even as traditional petroleum fuel prices drop. ($1.90 a gallon for regular unleaded, if you know where to look.)
And that means the demand for alternative fuels is dropping, too. (I’ll bet the demand for hybrid autos has seen or will see a similar decline if prices at the pump stay near the $2-per-gallon mark.) We are forgetful folk, and we’re too quick to believe the meme that gas prices will go low and stay low for the most part. The fact is, gas prices will go up again, probably as soon as our first air strike on Iran. But regardless of politics or pocketbooks, searching out greener pastures for our future energy demands is the responsible and noble thing to do. Crude oil may dry up (or blow up), but soybeans are forever, baby.
More from the Times Record:
Another biofuel entrepreneur says there are about 30 biodiesel pumps operating in the state right now, but to get the industry really rolling, the fuel is going to have to jump from small usage to something that is heavily used. He’s probably right, but those transitions occur at their own pace.
Again, this new field looks as if it could be a boon for the state, creating jobs and spurring the economy, especially in rural areas, but the state should create incentives and a nurturing environment in which that can happen and not force feed it into existence.
…
It is … misguided for the state to get mixed up in dictating what product is sold and where. That’s where the law of supply and demand comes in, and that law is always going to be a lot smarter in meeting the needs of the public than any law the state Legislature can produce.
It will be interesting to see if Sen. Thompson’s quest is fulfilled, or if he’s just tilting at windmills. Or, in this case, combines.
UPDATE: Did someone mention a sickening dependence on costly fossil fuels?