Monday, August 11, 2008

“To the annals of market manias and regulatory follies, a new chapter is being added: The Great Ethanol Bubble of 2008. It is possible that someday a fuel made from a cheap, abundant, renewable crop may replace oil. But it won't be food-based ethanol. It’s time not only to stop subsidizing the stuff but to revamp the chaotic, politicized and wasteful system of subsidies for alternative energy."
— The Editors, The Los Angeles Times

[when the LA Times wants to stop a government program, you know it's a no brainer...]
.

No comments: