...a bipartisan majority of the Senate yesterday voted 73 – 27 to end more than three decades of federal subsidies for ethanol. An editorial in this morning's Wall Street Journal saw a supernatural influence in the vote. Some economists doubt that the tax credit is now crucial to the industry, but the $6 billion tax break had heretofore been considered untouchable.
There is little evidence that ethanol from corn produced by modern agricultural practices actually results in a net savings of fuel. Historically, however, there is ample evidence that consumption of ethanol rises in stressful times - bobpark.org
There is little evidence that ethanol from corn produced by modern agricultural practices actually results in a net savings of fuel. Historically, however, there is ample evidence that consumption of ethanol rises in stressful times - bobpark.org