Wednesday, August 15, 2012 6:20:13 PM
Ethenol is as much an artificial market as electricity, cars manufacturing or rail roads.
I can keep on mentioning industries that the government subsided and privet industries took over, but you get the point.
Ethenol was born out of an understanding that oil is at its peak and we are now in the decline.
Without the extra 10% added to gas American fuel prices would look alot like the prices in the European Unione. As an added bonus direct corn subsidies (AKA paying for not growing) for corn growers were dropped in favor of ethenol corn demand.
I have covered the ethenol industry for many years and the misconception as well as misinformation about it is staggering.
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