In Greece earlier this month, Al Gore made a startling admission: "First-generation ethanol, I think, was a mistake." Unfortunately, Americans have Gore to thank for ethanol subsidies. In 1994, then-Vice President Gore ended a 50-50 tie in the Senate by voting in favor of an ethanol tax credit that added almost $5 billion to the federal deficit last year. And that number doesn't factor the many ways in which corn-based ethanol mandates drive up the price of food and livestock feed.These politicians remind me of children who have to stick their fingers in lamp sockets to prove that it's a bad idea, and the "environmentalists" aren't much better. Any first year physics student could have told them, if they cared to listen at the time, that making ethanol would use more energy than would be generated by the ethanol. In physics, there is never a free lunch. Everyone must pay the entropy piper. Now, perhaps, we can get rid of yet another subsidy for yet another useless idea.
Tuesday, November 30, 2010
This Just In: Corn Doesn't Make Good Fuel for Cars
Debra Saunders has an article up today at the Patriot Post entitled You Can Stop Paying for Al Gore's Mistake. The article says that Al Gore has finally realized that ethanol isn't a very good fuel, and because it uses tons of fossil fuel to make, hasn't helped the environment either.