May 2, 2012

Ethanol not so green?

We (as in American taxpayers) subsidize "cheap corn" each year to the tune of $5 billion. And the U.S. is obliged (through legislation) to increase our production of ethanol in oder to blend 36 billion gallons of biofuels into transportation fuels by 2022.

The ethanol debate has been going on for years. And we'll soon see ethanol composing 15 percent of our auto fuels soon.

Yes, it reduces the amount of "fossil fuel" gasoline that our cars consume, but at what price?

Very recently, the Minneapolis Star Tribune reported that 13 of that state’s 21 corn ethanol plants have been caught polluting the air or waterways, and sometimes both, and fined a paltry $5.1 million.