Submit a schematic of a perpetual motion machine to the Patent and Trademark Office, and they'll reject it. Start a Ponzi scheme, and you'll probably wind up in jail. Call for dramatic increases in ethanol production, and you're a world-healing visionary.
Engineer-Poet explains (again) why ethanol is a fraud, and ends with this devastating observation:
There are benefits from it, but those benefits aren't for you.The pollution, however, is yours, mine, and ours:
As President Bush promotes ethanol as a green alternative to gasoline, his administration is quietly relaxing environmental rules for dozens of new corn-to-fuel refineries sprouting up across the nation.This will be a godsend for ADM, a heavily polluting company whose capacious pockets are the final resting-place of most of the taxpayer dollars that subsidize ethanol production.
The U.S. Environmental Protection Agency is planning to change the way ethanol plants are treated under the Clean Air Act, a move critics say could make it easier for the burgeoning industry to evade controls that dramatically reduce toxic air pollution.
The Wall Street Journal notes that "private-equity firms and hedge funds see enormous opportunities" in ethanol. No doubt. And if we legalized three-card monte, there'd be enormous opportunities in that, too...at least until the public realized through bitter experience that this was a game they couldn't win.