They are right. But ADM is not the only supposed beneficiary. The US could produce far more corn than we need. Farm states are not doing too well. Farmers are expecting that the increased demand will save them. I doubt they're correct.
Ethanol also takes the heat off of big oil. It gives the impression that we're doing something serious about energy. On Wed, Jun 07, 2006 at 11:39:43AM -0400, Max B. Sawicky wrote: > Clean is one issue. Another is whether, in light of the subsidies and > production process, ethanol actually conserves exhaustible resources, > relative to oil/gas/coal. My colleage here thinks the whole thing is a > giant boondoggle for ADM. > > mbs > > > > > -----Original Message----- > From: PEN-L list [mailto:[EMAIL PROTECTED] On Behalf Of Louis Proyect > Sent: Wednesday, June 07, 2006 10:25 AM > To: [email protected] > Subject: Is ethanol clean? > > The Dirty Truth About Green Fuel > By Sasha Lilley, CorpWatch. Posted June 7, 2006. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
