By Richard Bryce in Energy Tribune:

On Monday, Pavel Molchanov, a Houston-based analyst with Raymond James & Associates issued a report that should be required reading for every member of Congress. The first few lines of Molchanov's report, "Corn Ethanol's Slow-Motion Train Wreck: What Will Follow In Its Wake?" are classic examples of both sharp thinking and razor-sharp writing: "Finito. Kaputt. Sayonara. However you say it, we think there is no denying the fact that America's corn ethanol industry is finished… the industry is finished in the sense of no longer being seen as a 'game-changing,' long-term solution to the structural imbalance between oil supply and demand."

Molchanov goes on, saying that as other alternative fuels, like compressed natural gas get more political support, "it is likely that corn ethanol will be increasingly relegated to the big grain elevator in the sky." 

This kind of plain talking from a Wall Street analyst like Molchanov about the corn ethanol scam is long overdue. The ongoing robbery of US taxpayers via the corn ethanol…

Read full article...

More government stupidity:

Ron Paul: "Audit the Fed" bill has been "gutted"

The best thing about taxes you'll read all month

World's best reporter Stossel: Health care bill is "mindless"