Thursday, March 30, 2006

Ethanol

Today's print edition of the Detroit News carried an op-ed by University of Michigan professor of economics Mark J. Perry that I was glad to see. It is titled "Subsidizing ethanol guzzles consumers' gas and money."

Mr. Perry correctly points out: "...it takes 29 percent more fossil fuel energy to make ethanol from corn than the fuel produced, according to a recent study at Cornell University and the University of California-Berkeley."

The American people need to know that ethanol is not an energy saving fuel and whatever polution that doesn't get into the air by using ethanol will get there anyway, and then some, in the production of it.

Of course the moral arguement is the government has no right trying to tell the oil companies how to run their businesses. The proper function of government is to protect peoples' rights including property rights.

If the oil companies were left alone, they would be able to produce an abundance of oil at reasonable prices. Chances are good I think, we would not be dependent on Saudi oil to the extent we are.
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