Anybody who thinks it is a good idea for politicians and ignorant political activists to decide, via subsidies, tariffs, taxes, etc. what our next generation energy solutions will be should take a lesson from the Ethanol debacle.
When even the extremely Liberal Time Magazine understands what a disaster Ethanol (both Corn AND Cellulosic) has been (and will be), you have got to know that this was yet ANOTHER colossal example of why politicians should NOT decide which energy solutions will win and lose!
Time magazine, as this article demonstrates, is (for now) still in the alarmist camp on Climate Change. However, peer reviewed science proves that the alarm over man made CO2 is an even bigger hoax than Ethanol and 32,000 of America’s leading scientists agree.
“several new studies show the biofuel boom is doing exactly the opposite of what its proponents intended: it's dramatically accelerating global warming, imperiling the planet in the name of saving it. Corn ethanol, always environmentally suspect, turns out to be environmentally disastrous. Even cellulosic ethanol made from switchgrass, which has been promoted by eco-activists and eco-investors as well as by President Bush as the fuel of the future, looks less green than oil-derived gasoline.
Meanwhile, by diverting grain and oilseed crops from dinner plates to fuel tanks, biofuels are jacking up world food prices and endangering the hungry. The grain it takes to fill an SUV tank with ethanol could feed a person for a year. Harvests are being plucked to fuel our cars instead of ourselves. The U.N.'s World Food Program says it needs $500 million in additional funding and supplies, calling the rising costs for food nothing less than a global emergency. Soaring corn prices have sparked tortilla riots in Mexico City, and skyrocketing flour prices have destabilized Pakistan, which wasn't exactly tranquil when flour was affordable.”
Click here for page 1 of the Time Magazine article.
Click here for the primary post on this topic.