For the first time in history, the price of corn is now tracking the price of oil. Why? Because our law-makers (Clinton started it) have done gone an given farmers a bunch of cheddar to grow corn to turn into fuel. Why is this a bad idea? Please check out the following links to understand why. PLEASE. I'm not well-spoken or motivated enough to re-hash it all here.
At the end of the day, ethanol will only give us 2.8% energy independence (and at what cost - food costs, pollution from agricuture, ethanol takes more energy to make than it produces in your engine, etc. etc.) and it DOES NOT REDUCE GREEN HOUSE GASES.
Why is this important now? Even our 2 possible Executive branch saviors are touting the benefits of this "technology".
Barack (www.barackobama.com/issues/energy/#set-america-on-path-to) says:
- Deploy Cellulosic Ethanol: Obama will invest federal resources, including tax incentives, cash prizes and government contracts into developing the most promising technologies with the goal of getting the first two billion gallons of cellulosic ethanol into the system by 2013.
- Expand Locally-Owned Biofuel Refineries: Less than 10 percent of new ethanol production today is from farmer-owned refineries. New ethanol refineries help jumpstart rural economies. Obama will create a number of incentives for local communities to invest in their biofuels refineries.
- Aggressive action to transition our economy toward renewable energy sources, with renewables generating 25 percent of electricity by 2025 and with 60 billion gallons of home-grown biofuels available for cars and trucks by 2030;