April 4, 2012
One Dumb Law Prevents Us from Fueling the U.S.
Chris Helman, Forbes
This year American motorists will burn through 14 billion gallons of ethanol, the end product of 5 billion bushels of corn—a third of the U.S. crop—grown on 33 million acres of farmland. It arguably cuts pollution coming out of U.S. tailpipes, but at a huge cost. Since 2005, when Congress required that ethanol be added to your gas tank, U.S. corn prices have tripled.
TAGGED: Barack Obama, Energy Subsidies, Ethanol