Monday, June 27, 2011
Ethanol Production Wastes Corn - NYTimes.com
Ethanol Production Wastes Corn - NYTimes.com: "Here is perhaps the most incredible part: Because of the subsidy, ethanol became cheaper than gasoline, and so we sent 397 million gallons of ethanol overseas last year. America is simultaneously importing costly foreign oil and subsidizing the export of its equivalent."
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retty much everyone now recognizes that ethanol in the US was a mistake, but once a subsidy is in place it tends to stay there.
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