Corn Shortage Hampers US Ethanol Production
drdread66 writes "A nationwide corn shortage brought on by last year's drought has started to curtail ethanol production. While this shouldn't be surprising to anyone, it raises public policy issues regarding ethanol usage requirements in motor fuel. Given that the energy efficiency of ethanol fuel is questionable at best, is it time to lift the mandate for ethanol in our gasoline?"
Short answer: Yes.
Long answer: No, it is, in fact, way past time.
Next question?
Kill the corn subsidies, period. They prop up the house of cards that hold the corth ethanol and HFCS industries that would otherwise not exist because they can't survive in a real capital market.
The sooner these tax-payer-subsidized industries get the rug pulled from under them, the sooner things like cellulosic ethanol and other *real* technological innovations can come to fruition.
Corn ethanol is and probably always will be a handout to the farming states. It takes more oil to grow the corn for ethanol than we save from blending ethanol into our engines.
The rest of us are screwed over by this. It would be better for the economy and the environment to just calculate out how much profit the farmers are getting and just hand out yearly checks for that amount. But that would be socialism and we can't have any of that.