Sunday, December 05, 2010

Al Gore Abandons Ethanol

Kudos to Mr. Gore for giving an honest confession about corn subsidies:
Last week, Al Gore finally admitted the obvious. The former vice president (and winner of the Nobel Peace Prize) who promoted ethanol in his Oscar-winning film, "An Inconvenient Truth," said that corn ethanol was a "mistake." He went further, saying that he supported ethanol production because the first presidential primary is in Iowa, which produces more ethanol than any other state: "I had a certain fondness for the farmers in the state of Iowa because I was about to run for president," he said. Gore also said that the "massive subsidies" given to ethanol are not "good policy."
Yet the billions in subsidies on domestic ethanol and high tariffs on foreign ethanol continue. The whole article linked is worth reading.

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