The Ethanol Swindle
8 Big Lies about ethahol exposed in today's Chicago Sun Times:
Lie #1: Ethanol will lead to energy independence.
Lie #2: Ethanol is economically competitive.
Lie #3: Ethanol reduces gas prices.
Lie #4: Ethanol is a renewable fuel.
Lie #5: Ethanol reduces air pollution.
Lie #6: Ethanol reduces greenhouse gas emissions.
Lie #7: Ethanol subsidies are necessary to level the playing field with petroleum.
Lie #8: Switchgrass will set us free.
"The truth is: If ethanol has commercial merit, it doesn't need to be so heavily subsidized. If it doesn't have commercial merit, almost no amount of subsidy will make it economically viable."
As the Wall Street Journal reminds us, "ethanol is produced by mixing corn with our tax dollars."