Can you do better than that? Call me names if you want, but try to find some facts as well. All we know for sure is that grain prices have increased. Maybe that's enough for some people.
Meanwhile, the biofuel promise seems to be getting farther and farther away. We hear about the super microbes that will convert biomass to sugar and the super yeast that will make that into more and better ethanol. But they are nowhere near commercial feasibility. It's either five years or three years or ten years out. Anyone know for sure?
The current ethanol industry would not exist without the huge subsidies that make taxpayers' money a bigger part of ethanol revenues than fuel sales. Competing studies show that ethanol either (a) generates more energy than it takes to create it, or (b) less in the very next study. If it was a clear winner, the opposing studies would disappear because their facts wouldn't hold up. Both sides push the margins of reason, and redefine the terms to make their argument work. That shouldn't be necessary.
So where are we going with this? Are the facts wrong in the newspaper report or just uncomfortable?
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