Can’t Believe I Missed This Article Last Month …
At the Show-Me Institute, we love ethanol. More to the point, we love writing and blogging about the lunacy of America’s — and Missouri’s — ethanol policies. Here in Missouri, one of the most prominent critics of the state’s E-10 ethanol mandate has been SEMO Professor Michael Devaney. He was published back last month in the Southeast Missourian, with another great article on the subject. This is another in a series of ethanol articles he has written for the paper.
I love his summary of the situation we are in when it comes to the government getting involved in places that it has no business (as if that were rare):
No one is smart enough to predict with certainty which of these technologies will ultimately prevail, least of all politicians who are easily influenced by powerful special interests. It is more certain that American taxpayers will continue to subsidize corn ethanol regardless of the outcome.
Of course, I would be remiss if I did not take this opportunity to link to our own case study on this issue.