Thursday, January 21, 2010

Rice University analysis questions U.S. ethanol subsidies

Subject: txt grn engry -
Federal taxpayers forked over $1.95 a gallon in ethanol subsidies in 2008 on top of the retail gasoline price, a new white paper from Rice University's Baker Institute for Public Policy found.

The 118-page analysis from the Houston-based institute says the United States needs to rethink its policy of promoting ethanol...

[Ya think? It's an inferior fuel (compared to petroleum-based) and is a staple food...]

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