Thursday, March 18, 2010
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The stupidest energy policy in American history will get a shot in the arm from Obama
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Monday, April 20, 2009
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By Daily Crux Editor Brian Hunt:

Of all the energy policies Washington D.C. has produced over the years, you'd be hard pressed to find one as dumb as the ethanol fantasy.

Burn our food as gasoline. Brilliant.

Farmers love it of course, because, like 99% of Americans, they love government handouts. But growing corn consumes a lot of diesel fuel. Transporting corn consumes a lot of diesel fuel. And turning corn into fuel consumes a lot of electricity... which is produced by burning coal and natural gas. Which makes ethanol a huge money loser without government support.

Washington's ethanol plan is taking its only natural course: Bankruptcy. As this excellent WSJ opinion piece outlines, most ethanol players have gone belly up. So guess what is on the way from our "bigger government is better" president? You guessed it: More money and more support.

Read full article...

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Topics: Energy | Boondoggle
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