Obama doubles down on ethanol
The Obama administration proposed a 9 percent increase in the so-called renewable fuels standard from 2012, in line with a 2007 law. Half of the 1.35 billion-gallon increase would go to corn ethanol and half to "advanced" biofuels that produce half the greenhouse gases of first-generation ethanol. ...
Last fall, the administration denied a request from several governors from livestock and oil-producing states for a partial or total waiver of the requirement to use ethanol. Corn prices soared during the drought as ethanol makers, livestock producers, and grain exporters competed for a smaller supply.
So stupid and/or evil, by which I mean so Fucking stupid and/or evil.
To begin with, "modern" agriculture is petroleum-based. So we're essentially processing oil through corn fields to create gasoline. How much sense does that make?
And then there's coupling food supplies (and prices) to our insane automobile economy. What could go wrong?
[bangs head on desk]