Let Them Eat Ethanol

Congressional subsidies for ethanol production have driven up the cost of baked goods, from cakes to apple turnovers.

This, of course, is on top of driving up the price of Tequila, cost of milk, price (and availability) of beef, hogs, eggs (23% in a year!), chickens, beer, turkeys — the list goes on and on.

In spite of the fact that ethanol blends lose every cost benefit analysis, and in spite of the fact that ethanol pollution rivals that of gasoline to the point that it will actually kill more people, Congress has shown no signs of reducing government subsidies for ethanol production, which is why prices continue the upward trend.

10 Year History of Ethanol Prices
10 Year History of Ethanol Prices
Source and full-sized graph:
California Energy Commission

Today’s ethanol quote comes from Cornell University scientist David Pimental:

We’re actually importing more oil to produce ethanol. It’s not making us oil-independent, and it’s costing us one hell of a lot of money.

In the future, ethanol will be made from wheat. What do you think this will do to the cost of living? And do you really think it will be any more cost effective than drilling the ANWR and creating jobs?

Posted March 26th, 2008 Filed in Energy