Thursday, July 10, 2008

Biofuels report

Well said: "Corn ethanol provides the kind of cautionary tale that should give us pause and reinforce the need for clear and critical thinking based on science and economics rather than wishful thinking and vested interests." Continuing... "corn ethanol is estimated to contribute to energy independence at a cost that is 15 times more costly than fuel efficiency standards and 28 times more costly than a gas tax".

Corn ethanol is just bad business. It is also entirely subject to the fluctuations in oil. Should oil drop precipitously, corn ethanol will be unable to remain in production.



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