Wednesday, May 14, 2008

What? Those Magic Beans Called ‘Ethanol’? Never Mind (Vin Suprynowicz)

Vin Suprynowicz on the ethanol boondoggle:

For decades, sensible skeptics have warned that government tariffs and subsidies designed to encourage the conversion of corn to alcohol and requiring fuel distributors to mix this corrosive stuff into our gas tanks was not going to “solve the energy crisis,” reduce dependence on imported oil, or do anything helpful for “the environment” – unless by “the environment” you actually meant “the bank account of Archer-Daniels-Midland.”

If the critics failed to mention this expensive boondoggle could also promote starvation and food riots around the world, it was probably only because they were afraid of being ridiculed for “piling on.”

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