Yes, its works. We can use it in automobiles. But everything about it otherwsie has turned into a net loss. Some estimate that our nations politicians obsession with ethanol has its own role in the world’s economic crisis. This piece by Max Schultz is another must read.

Beyond its failure to manitain factories, the harmful environmental effects, and world economic drag President Obama’s insistance that the ethanol folly continue.

But President Barack Obama, an ethanol fan, is leaving current policy in place and has set $6 billion aside in his stimulus package for federal loan guarantees for companies developing innovative energy technologies, including biofuels. It’s part of his push to create “green jobs.” Archer Daniels Midland and oil refiner Valero are already scavenging the husks of shuttered ethanol plants, looking for facilities on the cheap. One such facility may be the plant in Dyersville, which is for sale. Before we’re through, we’ll likely see another ethanol bubble.

Keep repeating the same failed policies over and over again, you get realinsanity. Yet its revealing in that it shows our President to be an idealist in that an idea should go forward – no matter the consequence – as the intent is all that matters.

Posted under Uncategorized