Our view on energy: Ethanol production soars, but its allure plummets
USA Today: Opinion
Diversion of corn crop to fuel raises food costs, stokes instability abroad.
For the past quarter-century, U.S. energy policy has been generally non-existent. To the extent there has been one, it has been to keep gasoline cheap. But one element stands out as a dramatic exception to this minimalist approach. Through a series of generous tax subsidies and production mandates, the use of corn-based ethanol has soared.
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