What the secretary does not mention (nor did the interviewer ask) is that the energy content of ethanol is about 1/3 less than gasoline. Current costs of E-85 ethanol do not nearly account for the energy disparity. E-10, if priced on an energy content basis should be 4% or so cheaper than straight petrol, but is in fact 4% or so HIGHER due to market prices and Govt mandates and subsidies.
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What the secretary does not mention (nor did the interviewer ask) is that the energy content of ethanol is about 1/3 less than gasoline. Current costs of E-85 ethanol do not nearly account for the energy disparity. E-10, if priced on an energy content basis should be 4% or so cheaper than straight petrol, but is in fact 4% or so HIGHER due to market prices and Govt mandates and subsidies.
Oct 21 15:56 pm
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