From: <Saved by Windows Internet Explorer 8>
Subject: 
Date: Thu, 6 May 2010 17:32:57 -0700
MIME-Version: 1.0
Content-Type: text/html;
	charset="Windows-1252"
Content-Transfer-Encoding: quoted-printable
Content-Location: file://C:\Documents and Settings\Jack\My Documents\A Website of Jacks\FreedomForAllSeasonsRoot\AlternativeEnergyMythReports\TMPiwv9d20xgk.htm
X-MimeOLE: Produced By Microsoft MimeOLE V6.00.2900.5579

<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML xmlns:v =3D "urn:schemas-microsoft-com:vml" xmlns:o =3D=20
"urn:schemas-microsoft-com:office:office" xmlns:w =3D=20
"urn:schemas-microsoft-com:office:word" xmlns:st1 =3D=20
"urn:schemas-microsoft-com:office:smarttags"><HEAD>
<META content=3D"text/html; charset=3Dwindows-1252" =
http-equiv=3DContent-Type>
<META name=3DGENERATOR content=3D"MSHTML 8.00.6001.18904">
<STYLE>v\:* {
	BEHAVIOR: url(#default#VML)
}
o\:* {
	BEHAVIOR: url(#default#VML)
}
w\:* {
	BEHAVIOR: url(#default#VML)
}
shape {
	BEHAVIOR: url(#default#VML)
}
</STYLE>
<o:SmartTagType =
namespaceuri=3D"urn:schemas-microsoft-com:office:smarttags"=20
name=3D"country-region"></o:SmartTagType><o:SmartTagType=20
namespaceuri=3D"urn:schemas-microsoft-com:office:smarttags"=20
name=3D"place"></o:SmartTagType>
<STYLE>st1\:* {
	BEHAVIOR: url(#default#ieooui)
}
</STYLE>

<STYLE>@font-face {
	font-family: Tahoma;
}
@font-face {
	font-family: Georgia;
}
@font-face {
	font-family: Geneva;
}
@page Section1 {size: 8.5in 11.0in; margin: 10in 1.25in 1.0in 1.25in; }
P.MsoNormal {
	MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"; FONT-SIZE: 12pt
}
LI.MsoNormal {
	MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"; FONT-SIZE: 12pt
}
DIV.MsoNormal {
	MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"; FONT-SIZE: 12pt
}
H3 {
	FONT-FAMILY: "Times New Roman"; MARGIN-LEFT: 0in; FONT-SIZE: 13.5pt; =
MARGIN-RIGHT: 0in; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto
}
A:link {
	COLOR: blue; TEXT-DECORATION: underline
}
SPAN.MsoHyperlink {
	COLOR: blue; TEXT-DECORATION: underline
}
A:visited {
	COLOR: blue; TEXT-DECORATION: underline
}
SPAN.MsoHyperlinkFollowed {
	COLOR: blue; TEXT-DECORATION: underline
}
SPAN.EmailStyle17 {
	FONT-FAMILY: Arial; COLOR: navy; mso-style-type: personal-reply
}
P.copyright2 {
	FONT-FAMILY: "Times New Roman"; MARGIN-BOTTOM: 11.25pt; MARGIN-LEFT: =
0in; FONT-SIZE: 11pt; MARGIN-RIGHT: 0in; mso-margin-top-alt: auto
}
LI.copyright2 {
	FONT-FAMILY: "Times New Roman"; MARGIN-BOTTOM: 11.25pt; MARGIN-LEFT: =
0in; FONT-SIZE: 11pt; MARGIN-RIGHT: 0in; mso-margin-top-alt: auto
}
DIV.copyright2 {
	FONT-FAMILY: "Times New Roman"; MARGIN-BOTTOM: 11.25pt; MARGIN-LEFT: =
0in; FONT-SIZE: 11pt; MARGIN-RIGHT: 0in; mso-margin-top-alt: auto
}
DIV.Section1 {
	page: Section1
}
</STYLE>
</HEAD>
<BODY=20
style=3D"BORDER-BOTTOM-STYLE: none; BORDER-RIGHT-STYLE: none; =
FONT-STYLE: normal; PADDING-LEFT: 10px; FONT-FAMILY: Georgia; =
BORDER-TOP-STYLE: none; COLOR: #000000; FONT-SIZE: 12pt; =
BORDER-LEFT-STYLE: none; FONT-WEIGHT: normal; TEXT-DECORATION: none; =
PADDING-TOP: 15px"=20
id=3DMailContainerBody lang=3DEN-US leftMargin=3D0 link=3Dblue =
topMargin=3D0=20
bgColor=3D#ffffff vLink=3Dblue name=3D"Compose message area" =
acc_role=3D"text"=20
CanvasTabStop=3D"true">
<DIV><FONT size=3D4 face=3D"AGaramond Bold"></FONT>&nbsp;</DIV>
<DIV><B>Sent:</B> Thursday, June 14, 2007 8:19 PM</DIV>
<DIV style=3D"FONT: 10pt arial">
<DIV><B>Subject:</B> Worth reading...............</DIV></DIV>
<DIV><BR></DIV><!--[gte IE 5]><?xml:namespace prefix=3D"v" =
/><?xml:namespace prefix=3D"o" /><![endif]-->
<DIV>
<DIV>This&nbsp;is a response from Lawrence Kogan, Esq. &nbsp;to&nbsp;a =
note (At=20
the end of all this.) &nbsp;from an unnamed&nbsp;water attorney.</DIV>
<DIV style=3D"FONT: 10pt arial; PADDING-TOP: 10pt">&nbsp;</DIV>
<DIV><BR></DIV>
<DIV class=3DSection1>
<P class=3DMsoNormal><FONT color=3Dnavy size=3D2 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; COLOR: navy; FONT-SIZE: =
10pt">Roni,<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT color=3Dnavy size=3D2 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; COLOR: navy; FONT-SIZE: =
10pt"><o:p>&nbsp;</o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT color=3Dnavy size=3D2 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; COLOR: navy; FONT-SIZE: 10pt">The fact that =
fossil=20
fuel sources have long been favored over pie-in-the-sky technologies =
that were=20
not yet ripe for prime-time for many years, does not justify irrational=20
exuberance over ethanol, especially considering that ethanol itself =
causes=20
negative environmental AND economic externalities.&nbsp; It is not the =
reverse=20
side of the policy coin because we now know better not to rely solely on =
one=20
fuel source if we seek energy security.&nbsp; =
<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT color=3Dnavy size=3D2 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; COLOR: navy; FONT-SIZE: =
10pt"><o:p>&nbsp;</o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT color=3Dnavy size=3D2 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; COLOR: navy; FONT-SIZE: 10pt">Environmental =

externalities are a hoax imposed on society by environmentalists who =
wish to=20
control the way people undertake their daily lives.&nbsp; Environmental=20
accounting is pretty much voodoo and its aim is to undermine =
long-established=20
financial accounting precepts that serve as the basis for our capitalist =
free=20
market system.&nbsp; Environmentalists speak glowingly of and =
essentially=20
'gross-up' societal-environmental externalities triggered by fossil =
fuels (using=20
an accounting function) without netting those costs against gross =
societal=20
benefits that fossil fuels have provided.&nbsp; I suspect that such a =
'netting',=20
which is proper in accounting, would yield less than the dramatic =
environmental=20
results that environmentalists like to publicize, and thus, undermine an =

important element of their campaign to make people throughout the world =
more=20
conscious of their environmental 'footprints, carbon or otherwise.&nbsp; =
The=20
ITSSD has cited several sources knowledgeable about environmentalist =
antics in=20
its 2005 book "Exporting Precaution: How Europe's Risk-Free Regulatory =
Agenda=20
Threatens American Free Enterprise", published by the Washington Legal=20
Foundation.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT color=3Dnavy size=3D2 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; COLOR: navy; FONT-SIZE: =
10pt"><o:p>&nbsp;</o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT color=3Dnavy size=3D2 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; COLOR: navy; FONT-SIZE: 10pt">I believe =
that Czech=20
President Klaus says it best in his recent Financial Times editorial:=20
<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT color=3Dnavy size=3D2 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; COLOR: navy; FONT-SIZE: =
10pt"><o:p>&nbsp;</o:p></SPAN></FONT></P>
<P=20
style=3D"MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.6in; MARGIN-RIGHT: 0.6in; =
mso-margin-top-alt: 0in"=20
class=3DMsoNormal><FONT color=3Dnavy size=3D2 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; COLOR: navy; FONT-SIZE: 10pt">"...I see=20
t</SPAN></FONT><FONT size=3D1 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=3DEN>he biggest threat =
to freedom,=20
democracy, the market economy and prosperity now in ambitious =
environmentalism,=20
not in communism. This ideology wants to replace the free and =
spontaneous=20
evolution of mankind by a sort of central (now global)=20
planning."<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT size=3D1 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; FONT-SIZE: 9pt"=20
lang=3DEN><o:p>&nbsp;</o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT color=3Dnavy size=3D2 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; COLOR: navy; FONT-SIZE: 10pt">See: <A=20
title=3Dhttp://www.ft.com/cms/s/9deb730a-19ca-11dc-99c5-000b5df10621.html=
=20
href=3D"http://www.ft.com/cms/s/9deb730a-19ca-11dc-99c5-000b5df10621.html=
">http://www.ft.com/cms/s/9deb730a-19ca-11dc-99c5-000b5df10621.html</A>=20
&nbsp;which I think GNF should reproduce in its entirety under the ITSSD =
section=20
of the GNF website.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT color=3Dnavy size=3D2 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; COLOR: navy; FONT-SIZE: =
10pt"><o:p>&nbsp;</o:p></SPAN></FONT></P>
<P=20
style=3D"BACKGROUND: white; mso-margin-top-alt: auto; =
mso-margin-bottom-alt: auto"=20
class=3DMsoNormal><B><FONT size=3D4 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; FONT-SIZE: 13.5pt; FONT-WEIGHT: bold"=20
lang=3DEN>Freedom, not climate, is at =
risk<o:p></o:p></SPAN></FONT></B></P>
<P style=3D"BACKGROUND: white" class=3DMsoNormal><FONT size=3D1 =
face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; FONT-SIZE: 8pt" lang=3DEN>By Vaclav=20
Klaus<o:p></o:p></SPAN></FONT></P>
<P style=3D"BACKGROUND: white" class=3DMsoNormal><FONT size=3D1 =
face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; FONT-SIZE: 8pt" lang=3DEN>Published: June =
13 2007 17:44=20
| Last updated: June 13 2007 17:44<o:p></o:p></SPAN></FONT></P>
<P style=3D"MARGIN-BOTTOM: 15.6pt; BACKGROUND: white; =
mso-margin-top-alt: auto"=20
class=3DMsoNormal><SPAN id=3DU1911491190270dcD><FONT size=3D1 =
face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=3DEN>W</SPAN>e are =
living in=20
strange times. One exceptionally warm winter is enough - irrespective of =
the=20
fact that in the course of the 20th century the global temperature =
increased=20
only by 0.6 per cent - for the environmentalists and their followers to =
suggest=20
radical measures to do something about the weather, and to do it right=20
now.<o:p></o:p></SPAN></FONT></P>
<H3 style=3D"BACKGROUND: white"><B><FONT size=3D4 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; FONT-SIZE: 13.5pt" lang=3DEN><A=20
title=3Dhttp://www.ft.com/klaus href=3D"http://www.ft.com/klaus">Ask =
President=20
Klaus</A><o:p></o:p></SPAN></FONT></B></H3>
<P style=3D"BACKGROUND: white" class=3DMsoNormal><FONT size=3D1 =
face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=3DEN><IMG =
id=3D_x0000_i1026 border=3D0=20
alt=3D"Vaclav Klaus" src=3D"" width=3D55 =
height=3D55><o:p></o:p></SPAN></FONT></P>
<P style=3D"MARGIN-BOTTOM: 15.6pt; BACKGROUND: white; =
mso-margin-top-alt: auto"=20
class=3DMsoNormal><FONT size=3D1 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=3DEN>Is climate change =
just=20
propaganda? Vaclav Klaus will answer your questions in an online =
Q&amp;A. Post a=20
query now <o:p></o:p></SPAN></FONT></P>
<P style=3D"MARGIN-BOTTOM: 15.6pt; BACKGROUND: white; =
mso-margin-top-alt: auto"=20
class=3DMsoNormal><FONT size=3D1 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=3DEN>In the past year, =
Al Gore's=20
so-called "documentary" film was shown in cinemas worldwide, Britain's - =
more or=20
less Tony Blair's - Stern report was published, the fourth report of the =
United=20
Nations' Intergovernmental Panel on Climate Change was put together and =
the=20
Group of Eight summit announced ambitions to do something about the =
weather.=20
Rational and freedom-loving people have to respond. The dictates of =
political=20
correctness are strict and only one permitted truth, not for the first =
time in=20
human history, is imposed on us. Everything else is denounced.=20
<o:p></o:p></SPAN></FONT></P>
<P style=3D"MARGIN-BOTTOM: 15.6pt; BACKGROUND: white; =
mso-margin-top-alt: auto"=20
class=3DMsoNormal><FONT size=3D1 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=3DEN>The author =
Michael Crichton=20
stated it clearly: "the greatest challenge facing mankind is the =
challenge of=20
distinguishing reality from fantasy, truth from propaganda". I feel the =
same=20
way, because global warming hysteria has become a prime example of the =
truth=20
versus propaganda problem. It requires courage to oppose the =
"established"=20
truth, although a lot of people - including top-class scientists - see =
the issue=20
of climate change entirely differently. They protest against the =
arrogance of=20
those who advocate the global warming hypothesis and relate it to human=20
activities. <o:p></o:p></SPAN></FONT></P>
<P style=3D"MARGIN-BOTTOM: 15.6pt; BACKGROUND: white; =
mso-margin-top-alt: auto"=20
class=3DMsoNormal><FONT size=3D1 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=3DEN>As someone who =
lived under=20
communism for most of his life, I feel obliged to say that I see the =
biggest=20
threat to freedom, democracy, the market economy and prosperity now in =
ambitious=20
environmentalism, not in communism. This ideology wants to replace the =
free and=20
spontaneous evolution of mankind by a sort of central (now global) =
planning.=20
<o:p></o:p></SPAN></FONT></P>
<P style=3D"MARGIN-BOTTOM: 15.6pt; BACKGROUND: white; =
mso-margin-top-alt: auto"=20
class=3DMsoNormal><FONT size=3D1 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=3DEN>The =
environmentalists ask for=20
immediate political action because they do not believe in the long-term =
positive=20
impact of economic growth and ignore both the technological progress =
that future=20
generations will undoubtedly enjoy, and the proven fact that the higher =
the=20
wealth of society, the higher is the quality of the environment. They =
are=20
Malthusian pessimists.<o:p></o:p></SPAN></FONT></P>
<P style=3D"MARGIN-BOTTOM: 15.6pt; BACKGROUND: white; =
mso-margin-top-alt: auto"=20
class=3DMsoNormal><FONT size=3D1 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=3DEN>The scientists =
should help us=20
and take into consideration the political effects of their scientific =
opinions.=20
They have an obligation to declare their political and value assumptions =
and how=20
much they have affected their selection and interpretation of scientific =

evidence. <o:p></o:p></SPAN></FONT></P>
<P style=3D"MARGIN-BOTTOM: 15.6pt; BACKGROUND: white; =
mso-margin-top-alt: auto"=20
class=3DMsoNormal><FONT size=3D1 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=3DEN>Does it make any =
sense to=20
speak about warming of the Earth when we see it in the context of the =
evolution=20
of our planet over hundreds of millions of years? Every child is taught =
at=20
school about temperature variations, about the ice ages, about the much =
warmer=20
climate in the Middle Ages. All of us have noticed that even during our=20
life-time temperature changes occur (in both=20
directions).<o:p></o:p></SPAN></FONT></P>
<P style=3D"MARGIN-BOTTOM: 15.6pt; BACKGROUND: white; =
mso-margin-top-alt: auto"=20
class=3DMsoNormal><FONT size=3D1 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=3DEN>Due to advances =
in=20
technology, increases in disposable wealth, the rationality of =
institutions and=20
the ability of countries to organise themselves, the adaptability of =
human=20
society has been radically increased. It will continue to increase and =
will=20
solve any potential consequences of mild climate changes.=20
<o:p></o:p></SPAN></FONT></P>
<P style=3D"MARGIN-BOTTOM: 15.6pt; BACKGROUND: white; =
mso-margin-top-alt: auto"=20
class=3DMsoNormal><FONT size=3D1 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=3DEN>I agree with =
Professor=20
Richard Lindzen from the Massachusetts Institute of Technology, who =
said:=20
"future generations will wonder in bemused amazement that the early 21st =

century's developed world went into hysterical panic over a globally =
averaged=20
temperature increase of a few tenths of a degree, and, on the basis of =
gross=20
exaggerations of highly uncertain computer projections combined into =
implausible=20
chains of inference, proceeded to contemplate a roll-back of the =
industrial=20
age".<o:p></o:p></SPAN></FONT></P>
<P style=3D"MARGIN-BOTTOM: 15.6pt; BACKGROUND: white; =
mso-margin-top-alt: auto"=20
class=3DMsoNormal><FONT size=3D1 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=3DEN>The issue of =
global warming=20
is more about social than natural sciences and more about man and his =
freedom=20
than about tenths of a degree Celsius changes in average global =
temperature.=20
<o:p></o:p></SPAN></FONT></P>
<P style=3D"MARGIN-BOTTOM: 15.6pt; BACKGROUND: white; =
mso-margin-top-alt: auto"=20
class=3DMsoNormal><FONT size=3D1 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=3DEN>As a witness to =
today's=20
worldwide debate on climate change, I suggest the =
following:<BR>&#9632;Small climate=20
changes do not demand far-reaching restrictive measures<BR>&#9632;Any =
suppression of=20
freedom and democracy should be avoided <BR>&#9632;Instead of organising =
people from=20
above, let us allow everyone to live as he wants<BR>&#9632;Let us resist =
the=20
politicisation of science and oppose the term "scientific consensus", =
which is=20
always achieved only by a loud minority, never by a silent =
majority<BR>&#9632;Instead=20
of speaking about "the environment", let us be attentive to it in our =
personal=20
behaviour<BR>&#9632;Let us be humble but confident in the spontaneous =
evolution of=20
human society. Let us trust its rationality and not try to slow it down =
or=20
divert it in any direction<BR>&#9632;Let us not scare ourselves with =
catastrophic=20
forecasts, or use them to defend and promote irrational interventions in =
human=20
lives.<o:p></o:p></SPAN></FONT></P>
<P style=3D"MARGIN-BOTTOM: 15.6pt; BACKGROUND: white; =
mso-margin-top-alt: auto"=20
class=3DMsoNormal><I><FONT size=3D1 face=3DArial><SPAN=20
style=3D"FONT-STYLE: italic; FONT-FAMILY: Arial; FONT-SIZE: 9pt" =
lang=3DEN>The=20
writer is President of the Czech Republic</SPAN></FONT></I><FONT =
size=3D1=20
face=3DArial><SPAN style=3D"FONT-FAMILY: Arial; FONT-SIZE: 9pt"=20
lang=3DEN><o:p></o:p></SPAN></FONT></P>
<P style=3D"BACKGROUND: white" class=3Dcopyright2><FONT size=3D1 =
face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; FONT-SIZE: 8pt" lang=3DEN><A=20
title=3Dhttp://www.ft.com/servicestools/help/copyright=20
href=3D"http://www.ft.com/servicestools/help/copyright">Copyright</A> =
The=20
Financial Times Limited 2007<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT color=3Dnavy size=3D2 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; COLOR: navy; FONT-SIZE: =
10pt"><o:p>&nbsp;</o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT color=3Dnavy size=3D2 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; COLOR: navy; FONT-SIZE: =
10pt"><o:p>&nbsp;--------------------------------------------------------=
-------------------------------------------------------------------------=
--------------------------------------------------------</o:p></SPAN></FO=
NT></P>
<P class=3DMsoNormal>
<P class=3DMsoNormal><FONT color=3Dnavy size=3D2 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; COLOR: navy; FONT-SIZE: =
10pt"><o:p></o:p></SPAN></FONT></P><FONT=20
color=3Dnavy size=3D2 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; COLOR: navy; FONT-SIZE: =
10pt"><o:p>&nbsp;</o:p></SPAN></FONT>=20

<P></P>
<DIV>
<DIV style=3D"TEXT-ALIGN: center" class=3DMsoNormal align=3Dcenter><FONT =
color=3Dblack=20
size=3D2 face=3DArial><SPAN=20
style=3D"FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: =
10pt"><o:p></o:p></SPAN></FONT>&nbsp;</DIV></DIV>
<DIV>
<DIV>
<P class=3DMsoNormal><FONT color=3Dblack size=3D3 face=3DGeorgia><SPAN=20
style=3D"FONT-FAMILY: Georgia; COLOR: black; FONT-SIZE: =
12pt"><o:p>&nbsp;</o:p></SPAN></FONT></P></DIV>
<P class=3DMsoNormal><FONT color=3Dblack size=3D2 face=3DGeneva =
FAMILY=3D"SANSSERIF"><SPAN=20
style=3D"FONT-FAMILY: Geneva; COLOR: black; FONT-SIZE: =
10pt">Roni,<BR><BR><STRONG>I=20
thought you might be interested in the reply of&nbsp; <FONT =
size=3D4>water=20
attorney:</FONT></STRONG><BR><BR><BR></SPAN></FONT><FONT color=3Dblack=20
FAMILY=3D"SERIF"><SPAN style=3D"COLOR: black">I would argue that energy =
prices have=20
been artificially depressed in the <st1:country-region =
w:st=3D"on"><st1:place=20
w:st=3D"on">US</st1:place></st1:country-region> for years.&nbsp; I agree =
that=20
there is short term dislocation in corn prices, and that corn ethanol is =

artificially valued.&nbsp; However, environmental (and now national =
security)=20
externalities of <st1:country-region w:st=3D"on"><st1:place=20
w:st=3D"on">US</st1:place></st1:country-region> energy consumption are =
only now=20
beginning to be valued in real cost terms.&nbsp; That scenario (actual =
market=20
impact of environmental and security externality) has been on the =
horizon for=20
years (at least since the passage of NEPA [1969] and the 1974 Arab oil =
embargo=20
and creation of OPEC). &nbsp;I believe one can easily argue that =
"politically=20
charged government policies" (redundancy admitted) which favor ethanol=20
production are the reverse side of the policy coin which has favored=20
petrochemical development for decades.&nbsp; Yes, the political and =
economic=20
pendulums swing.&nbsp;</SPAN></FONT><FONT color=3Dblack size=3D2 =
face=3DGeneva=20
FAMILY=3D"SANSSERIF"><SPAN=20
style=3D"FONT-FAMILY: Geneva; COLOR: black; FONT-SIZE: =
10pt"><BR><BR><BR><BR><BR><BR></SPAN></FONT><FONT=20
color=3Dblack face=3DArial FAMILY=3D"SANSSERIF"><SPAN=20
style=3D"FONT-FAMILY: Arial; COLOR: =
black"><BR><BR><BR></SPAN></FONT></P></DIV></DIV></DIV></BODY></HTML>

