Posted by: The Elephant Owner in Free Markets,Global Climate Change on April 22nd, 2008

A 2007 estimate for the real cost of ethanol is $6.89 per gallon. In the process, ethanol production raises the price of food, does nothing to reduce our dependence on foriegn oil and probably increases the amount of CO2 released into the atmosphere. How can that be? Ronald Cook lays it out in a comprehensive summary of ethanol (link).

Congress has decided to use our tax payer dollars to raise the price of food, increase the cost of motor fuels, and promote global warming. One could make the case Congressional action has also increased malnutrition, hunger, and disease. And why did Congress fund this immoral program? Because our politicians leaders are locked in a nasty battle for political power. It was a politically expedient decision. A pop-culture solution.

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