By Daily Crux Editor Brian Hunt:
An update on the worst, most destructive energy policy in the world: even the Environmental Protection Agency (EPA) and the Congressional Budget Office (CBO) is against corn-based ethanol now. Yet the lobbyist boondoggle continues.
The WSJ just published a good opinion piece on situation. Our favorite line:
As public policy, ethanol is like the joke about the baseball prospect who is a poor hitter but a bad fielder. It doesn't reduce CO2 but it does cost more. Imagine how many subsidies the Beltway would throw at ethanol if the fuel actually had any benefits.
Read full article...
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