The High Costs of Ethanol
26th September 2007
Read it. Pretty sad, when even the New York Times recognizes a program as being dim-witted.
The economics of corn ethanol have never made much sense. Rather than importing cheap Brazilian ethanol made from sugar cane, the United States slaps a tariff of 54 cents a gallon on ethanol from Brazil. Then the government provides a tax break of 51 cents a gallon to American ethanol producers — on top of the generous subsidies that corn growers already receive under the farm program.
Oh, it makes perfect sense — if you realize that it’s all about buying votes in the farm states.
Pork pork pork pork, pork pork pork pork….