Jan 23, 2007

Ethanol just "a boondoggle," says institute

Ethanol won't actually help the world lose its appetite for oil, says a new article in the Milken Institute Review, written by right wing experts from Cato Institute. "We-can-do-anything American naiveté can cloud minds and distort markets," state the authors, which says there's no way ethanol production will ever come close to meeting the quantities being asked for by politicians. They also claim that the ethanol industry receives far higher subsidies that Big Oil. Read the sordid details.
 
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