THAT ETHANOL is a scam has long been evident. Now that it is leading to a huge run-up in food prices worldwide as government-subsidized corn pushes other crops (mainly wheat) off the farms, even crazed liberals like the NYT's Paul Krugman are figuring out the obvious. As he says:
"This is especially true of corn ethanol: even on optimistic estimates,
producing a gallon of ethanol from corn uses most of the energy the
gallon contains. ... We also need a pushback against biofuels, which turn out to have been a terrible mistake."
Realistically, every fix the libs come up with that involves manipulating the market turns out to be a "terrible mistake" in the end. But rarely do they admit it.
