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Paul Killinger's
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As I recall, the reason corn ethanol exists at all was to help out farmers who were going broke at the time due to depressed corn prices. How it mushroomed into its present manifestation is simply another typical governmental misadventure.
Jun 20 10:23 am
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All Comments by Paul Killinger »Ethanol Is No Field of Dreams [View article]
As a result of the initial Arab oil embargo and its devastating effect on their economy, the Brazilians also decided to get into ethanol in a big way. With one important difference, Brazil chose SUGAR as the feedstock instead of corn.
Due to the nature of this product (...sugar contains 6X the energy of corn), they're now in the driver's seat, as it costs less than $2 per gallon at the pump and all the country's vehicles utilize it. We could do this, too, but we haven't shown any such inclination so far.