Tuesday, August 19, 2008

Ethanol - The Stupidity Just Keeps on Flowing!

The Stupidity Just Keeps on Flowing:

“Earlier this month, the Environmental Protection Agency (EPA) rejected a request from the State of Texas to reduce the amount of biofuels that must be blended into gasoline over the next year. By rejecting the waiver request, the EPA has missed a golden opportunity to alleviate high global food prices.”
Click the image & read the rest:
Click the image & read the rest

My suggestion?
Eliminate all the subsidies and all the mandates.
Any energy source that makes economic sense will not need either one.
Subsidies and mandates are an open invitation for graft, corruption,
inefficiencies, market distortions, price increases and other undesirable outcomes.

Click here for more on Ethanol.

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