Fill Up on Corn if You Can - New York Times
The headline is very misleading. It seems that the Times is almost supporting the use of Ethanol! However, the article is a great look at ethanol and some of the basic economics at the heart of the program.
It notes that ethanol provides about 75% of energy per gallon of gasoline. So, if you want to buy ethanol economically, you need to pay at least 25% less for ethanol at the pump. However, if you're a taxpayer, you might consider the added costs of the subsidies on corn, ethanol production, and certain state subsidies of retailers. Ethanol may just cost too much to make.
Thursday, August 31, 2006
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