Wednesday, January 24, 2007

Cato Comments

Six Cato Institute policy analysts comment on the State of the Union address, here is one excerpt:

"If all the corn produced in America last year were dedicated to ethanol production (and only 14.3% of it was so dedicated), U.S. gasoline consumption would drop by only 12%. For corn ethanol to completely displace gasoline consumption in this country, we would need to appropriate all cropland in the United States, turn it completely over to corn-ethanol production, and then find 20% more land on top of that for cultivation. If ethanol has commercial merit, it will not need government subsidies. If it doesn't no amount of subsidies will help."

~Jerry Taylor, Senior Fellow


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