Pin It

Friday, January 12, 2007

Ethanol won't save us

Posted By on 01.12.07 at 07:10 AM

click to enlarge 688.jpg

Given its continued adherence to the wingnut antiscience position on climate change, I don't trust the Cato Institute. But senior fellow Jerry Taylor reminds us that the bipartisan political consensus in Illinois (stretching from Barack Obama to his predecessor, Peter Fitzgerald) is probably wrong:

"Ethanol made out of corn is probably the closest thing we have to a domestic alternative to gasoline. But no matter how nice 'growing our own fuel' might be in theory, it's uneconomically expensive in fact. Even after 30 years of lavish federal subsidy, ethanol (defined as fuel that is nine parts gasoline and one part ethanol) has only managed to capture a bit more than 3 percent of the automotive fuels market, and even industry participants concede if the subsidies and consumption mandates were removed today, the entire industry would collapse.

"One might think the current run on gasoline prices would have substantially narrowed the cost gap, but one would be wrong. It takes a tremendous amount of energy to grow corn and a lot of energy to distill it into ethanol and get it into the market. Accordingly, rising energy prices has made ethanol more expensive."

 

Tags: , , ,

Find out how you can help

Comments (3)

Showing 1-3 of 3

Add a comment

 
Subscribe to this thread:
Showing 1-3 of 3

Add a comment

More by Harold Henderson

  • The Recyclable House

    The Recyclable House

    If Ken Ortiz has his way, no one in Chicago will ever simply "demolish" a building again.
    • Jul 24, 2008
  • Sympathy for the Devil?

    Sympathy for the Devil?

    Progressive scribe Rick Perlstein made his reputation finding the good in conservatives. Then they really started screwing up the country.
    • Jan 24, 2008
  • Dynamic Flash for Democrats

    Dynamic Flash for Democrats

    Wanna raise funds to run for office? Nag Schwarzenegger about health care? Or just make fun of Bush? Call Articulated Man.
    • Jan 10, 2008
  • More »

Tabbed Event Search

The Bleader Archive

Popular Stories

What It's Like to Be A Child Goddess In Nepal