Wednesday, April 16, 2008

Ethanol Insanity

Politics is really the root of all evil, especially when the Republicans want to starve some folks in Nigeria to get a few votes in Ohio. There's more detail here from whence the quote below, but I think this chart makes it relatively clear at a glance.
As a result of ethanol subsidies and mandates, the dollar value of what we ourselves throw away in order to produce fuel in this fashion could be 50% greater than the value of the fuel itself. In other words, we could have more food for the Haitians, more fuel for us, and still have something left over for your other favorite cause, if we were simply to use our existing resources more wisely.

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