The ethanol scam
"Jay Honeck" wrote in message
ups.com...
As gas -- and corn -- prices creep ever higher, everyone in my great
State of Iowa is all ablush with talk of riches pouring in, thanks to
ethanol production. They can barely contain their glee at this
remarkable turn of economic fortune. (Remember, just a few years ago
farmers here had one foot in the grave, and the other on a banana
peel...)
Are they still subsidized? If (if) they're making money growing and selling
corn such that taxpayers don't have to subsidize their farms it seems like
there's
a general economic benefit in there.
Still doesn't solve the oil problem. Brazil uses sugarcane, which the US
could do on a smaller scale, but CNN is correct in that we can't grow enough
corn to meet our own needs.
-c
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