Ethanol Subsidies are Good for Cutting
January 1, 2011 1 Comment
Except for being good for the pockets of farmers in Iowa, ethanol is bad for gas motors, consumers and taxpayers. Also, politicians who seek votes in the corn belt, including Mr. Obama, continue to support this irrational subsidy for ethanol.
It is now conceivable that the myth of ethanol as the salvation for America’s energy problem is coming to an end. And maybe we always should have known it would wind up in italics, underlined, with the real facts of the damage ethanol can do to gas-powered motors laid out for all to see in a court of law.