| Message |
"What about ethanol, the supposed miracle fuel made from corn that President Bush has pushed as an alternative? It's kind of a bad joke. As a Deutsche Bank analyst pointed out recently, ethanol is the energy equivalent of "methadone" -- a palliative, not a cure. At present, ethanol requires huge tax subsidies to generate and transport, and the net savings of foreign energy dependence are negligible since corn, its feedstock, is farmed with oil-powered tractors and nourished with gas-based fertilizers and oil-based pesticides. Moreover, Deutsche notes that ethanol is 30% less fuel efficient than gasoline, which means that a car will travel only about two-thirds the distance on a gallon of ethanol than a gallon of gasoline." - Jon Markman, MSN Money
 |
 |
