Professor Mark J. Perry's Blog for Economics and Finance
"Everyone seems to think that ethanol is a good way to make cars greener. Everyone is wrong. The political rush to back ethanol is a mistake."
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
2 Comments:
Great article. Ethanol is !#@!@#$, while butanol is where it's at. In addition to BP, ButylFuel LLC is also working toward that goal. It's the best of all worlds, in that you can pretty much run today's cars on it and tomorrow's cars will actually run better once automakers tune engines to run on it.
Butanol may be the lesser of two evils when compared to ethanol. However using current methods of production neither is going to provide any short or long term benefit to anyone anywhere (except those on the receiving end of government subsidies.)
If there were no government subsidies for ethanol (or butanol) production could it compete in the free market?
Maybe we should all be heating with corn instead of using it to drive with.
Corn Stoves For Home Heat Are Hot On US Market http://www.futurepundit.com/archives/003231.html
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