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Corn ethanol, a bad idea whose time has gone. Buh-bye , unless they try to sneak it through again. But there is major Congressional opposition to this wasteful practice that doesn’t work well, drives up food prices, and exists primarily to give patronage to Big Ag. Biofuel from crop leftovers, wood waste, and algae is the future. [...] Repeal the subsidy on corn ethanol, says Sen. Jim Webb and Sen. Dianne Feinstein. They have introduced a bill to do so. Corn ethanol is wasteful and an obvious giveaway to agribusiness. Other methods of making ethanol are much more promising, like from leftovers / waste from crop, animal, and wood processing, and especially algae. [...] He made these comments in the belly of the beast at an Agriculture Department’s Agricultural Outlook Forum where they were not well received. However, he’s absolutely right. Corn for ethanol makes less corn available for consumption, and that drives up the price. Plus, corn is in everything. Corn ethanol was a cynical ploy started [...] California regulators, trying to assess the true environmental cost of corn ethanol, are poised to declare that the biofuel cannot help the state reduce global warming. If this happens, then the entire corn biofuel industry takes a massive body blow. However a spokesperson for an ethanol advocacy group says “you can’t really get to [...] |  | ||||
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