Tuesday, 2 March 2010

Ethanol update

I'd previously noted that American ethanol subsidies are economically and environmentally irrational.

It's still true. Writes Kevin Drum:
Bottom line: corn ethanol is no greener than gasoline. In fact, it's almost certainly less green, and at the very least, there's no urgent need for the U.S. government to pay billions of dollars to subsidize its production. Too bad Iowa is the first state on the primary calendar every four years, isn't it?